Jackson Walter 4
4 · Sky Harbour Group Corp · Filed Jan 27, 2022
Insider Transaction Report
Form 4
Jackson Walter
Director
Transactions
- Award
Class B Common Stock
2022-01-25+412,072→ 412,072 total - Award
Common Units
2022-01-25+412,072→ 412,072 total→ Class A Common Stock (412,072 underlying)
Footnotes (2)
- [F1]In connection with the closing of the business combination between Yellowstone Acquisition Company and Sky Harbour LLC ("Sky") on January 25, 2022, certain existing equity interests previously issued by Sky were reclassified and reissued by Sky into new Common Units. In addition, each equityholder of Common Units received an equivalent number of Class B Common Stock of the Issuer. Holders of Class B Common Stock are entitled to voting rights but have no economic rights.
- [F2]Subject to the terms of the Third Amended and Restated Operating Agreement of Sky, the Common Units of Sky may be tendered for redemption by the Reporting Person for shares of the Issuer's Class A Common Stock on a one-to-one basis. The Common Units do not expire.