Whitney David Kirk 4

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.