Whitney David Kirk 4
4 · Starfighters Space, Inc. · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
Starfighters (FJET) CFO Whitney Kirk Exercises 37,500 RSUs
What Happened
Whitney David Kirk, Chief Financial Officer of Starfighters Space, converted (exercised/converted) 37,500 derivative units into common shares on April 2, 2026. The filing shows an equal amount (37,500 shares) was disposed/transferred at $0.00 the same day. The transactions are reported under code M (exercise/conversion of a derivative).
Key Details
- Transaction date: 2026-04-02; filed: 2026-04-03 (timely filing).
- Reported actions: 37,500 shares acquired via exercise/conversion (M); 37,500 shares disposed at $0.00 (derivative).
- Price/Value: Acquisition price listed as N/A; disposition recorded at $0.00 — no cash sale proceeds reported.
- Shares owned after transaction: not provided in the supplied data.
- Footnotes:
- F1: Each Restricted Stock Unit (RSU) represents the right to receive one share at settlement.
- F2: RSU vesting: 50% vests on June 16, 2026; remaining portions vest either on June 16, 2026 or earlier if specified price triggers are met (notably $17.95 for a 10-day streak starting Dec 18, 2025, and several $5.38-based triggers with staggered start dates through May 17, 2026).
Context
This filing shows a derivative conversion rather than an open-market purchase or sale for cash. The simultaneous acquisition and zero-dollar disposition are commonly seen when shares are converted and then transferred or withheld to satisfy settlement or tax-withholding obligations (the filing does not state the exact reason). Because no cash sale price is reported, this is not an ordinary market sale and does not directly signal buying/selling sentiment.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-04-02+37,500→ 75,000 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-04-02−37,500→ 637,500 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.