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MURNANE GEORGE III 4

Accession 0001060584-23-000003

CIK 0001861622other

View on SEC.gov Company Profile

Filed

Aug 22, 8:00 PM ET

Accepted

Aug 23, 10:24 AM ET

Size

18.7 KB

Accession

0001060584-23-000003

Insider Transaction Report

Form 4

Period: 2023-08-10

Jet.AI Inc.JTAI

MURNANE GEORGE III

DirectorINTERIM CFO10% Owner

Transactions

Award
COMMON STOCK, PAR VALUE $0.0001 PER SHARE
2023-08-10+4→ 4 total
Award
STOCK OPTION (RIGHT TO BUY)
2023-08-10+194,400→ 194,400 total
Exercise: $0.83From: 2023-08-10Exp: 2029-09-23→ COMMON STOCK, PAR VALUE $0.0001 PER SHARE (194,400 underlying)
Award
STOCK OPTION (RIGHT TO BUY)
2023-08-10+388,800→ 388,800 total
Exercise: $4.17Exp: 2030-12-31→ COMMON STOCK, PAR VALUE $0.0001 PER SHARE (388,800 underlying)
Award
STOCK OPTION (RIGHT TO BUY)
2023-08-10+30,945→ 30,945 total
Exercise: $10.42Exp: 2032-03-16→ COMMON STOCK, PAR VALUE $0.0001 PER SHARE (30,945 underlying)
Award
STOCK OPTION (RIGHT TO BUY)
2023-08-10+194,400→ 194,400 total
Exercise: $0.83From: 2023-08-10Exp: 2029-09-23→ COMMON STOCK, PAR VALUE $0.0001 PER SHARE (194,400 underlying)
Award
STOCK OPTION (RIGHT TO BUY)
2023-08-10+371,343→ 371,343 total
Exercise: $10.42Exp: 2031-07-30→ COMMON STOCK, PAR VALUE $0.0001 PER SHARE (371,343 underlying)
Award
MERGER CONSIDERATION WARRANT (RIGHT TO BUY)
2023-08-10+6→ 6 total
Exercise: $15.00From: 2023-08-10Exp: 2033-08-10→ COMMON STOCK, PAR VALUE $0.0001 PER SHARE (6 underlying)

Footnotes (4)

[F1]Received in connection with Oxbridge Acquisition Corp.'s business combination transaction with Jet Token Inc. in accordance with the terms of the Business Combination Agreement and Plan of Reorganization, dated February 24, 2023, as amended by Amendment No. 1 to the Business Combination Agreement, dated May 11, 2023, by and among Oxbridge Acquisition Corp., OXAC Merger Sub I, Inc., Summerlin Aviation LLC, and Jet Token Inc.
[F2]356,400 shares were vested as of August 10, 2023, and the remaining shares will vest in as nearly equal as possible monthly installments on the last day of each month, subject to the Reporting Person's continued service.
[F3]268,192 shares were vested as of August 10, 2023, and the remaining shares will vest in as nearly equal as possible monthly installments on the thirtieth day of each month, subject to the Reporting Person's continued service.
[F4]15,473 shares were vested as of August 10, 2023, and the remaining shares will vest in as nearly equal as possible monthly installments on the sixteenth day of each month, subject to the Reporting Person's continued service.

Documents

1 file

4
primary_doc.xmlPrimary
PRIMARY DOCUMENT

Issuer

Jet.AI Inc.

CIK 0001861622

Entity typeother

Related Parties

1

filerCIK 0001060584

Filing Metadata

Form type: 4
Filed: Aug 22, 8:00 PM ET
Accepted: Aug 23, 10:24 AM ET
Size: 18.7 KB

View on SEC.gov