Whitney David Kirk 4
4 · Starfighters Space, Inc. · Filed Mar 13, 2026
Research Summary
AI-generated summary of this filing
Starfighters (FJET) CFO Whitney Kirk Converts 37,500 RSUs
What Happened
Whitney David Kirk, Chief Financial Officer of Starfighters Space, Inc. (FJET), reported conversion/exercise of derivative awards on March 12, 2026. The filing shows 37,500 shares acquired through conversion/exercise (code M) and an apparent immediate disposition of 37,500 shares at $0 (also reported as a derivative disposal). Both transactions were reported in a Form 4 filed on March 13, 2026. No cash price or total dollar value is shown in the filing.
Key Details
- Transaction date: 2026-03-12; Form 4 filed: 2026-03-13 (timely filing).
- Reported amounts: 37,500 shares acquired (derivative conversion/exercise) and 37,500 shares disposed (derivative) at $0.00.
- Shares owned after transaction: not specified in the filing.
- Footnote F1: Each Restricted Stock Unit (RSU) represents the right to receive one share of common stock.
- Footnote F2: The RSUs have a staged vesting schedule (50% on June 16, 2026; remaining portions vest on time or if certain share-price performance thresholds are met between Dec 2025 and May 2026).
- Interpretation note: An immediate disposal at $0 in a conversion/settlement filing commonly reflects share withholding or similar internal settlement mechanics for taxes rather than an open-market sale, but the filing does not state the precise reason.
Context: This filing documents conversion/settlement of derivative awards (RSUs) rather than an outright purchase or open-market sale. For retail investors, conversions and withholding events are typically administrative (compensation settlement/tax-related) and do not necessarily indicate a change in the insider’s market view.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-12+37,500→ 37,500 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-03-12−37,500→ 675,000 total→ Common Stock (37,500 underlying)
Footnotes (2)
- [F1]Each Restricted Stock Unit represents the right to receive, at settlement, one share of common stock.
- [F2]The Restricted Stock Units vest as to 50% on June 16, 2026, 25% either June 16, 2026 or immediately if closing price is greater than $17.95 for 10 consecutive trading days starting December 18, 2025, 5% either June 16, 2026 or immediately if closing price is greater than $5.38 on any day, 5% either on June 16, 2026 or immediately if closing price is greater than $5.38 for 10 consecutive trading days starting Feb. 16, 2026, 5% either on June 16, 2026 or immediately if closing price is greater than $5.38 for 10 consecutive trading days starting March 18, 2026, 5% either on June 16, 2026 or immediately if closing price is greater than $5.38 for 10 consecutive trading days starting April 17, 2026, and 5% either on June 16, 2026 or immediately if closing price is greater than $5.38 for 10 consecutive trading days starting May 17, 2026.