Whitney David Kirk 4

What Happened

• Whitney David Kirk, Chief Financial Officer of Starfighters Space, Inc. (FJET), reported a conversion/exercise of a derivative on June 5, 2026: 75,000 shares were recorded as acquired via exercise/conversion (code M). The same day the filing also shows 75,000 shares disposed at $0.00 (also coded as M). No cash price is reported for the acquisition (N/A) and the disposition shows $0.00.
• The filing’s footnotes identify these instruments as Restricted Stock Units (RSUs): each RSU represents the right to receive one share on settlement (Footnote F1) and include a staged vesting schedule (Footnote F2). The form does not state a cash value exchanged.

Key Details

• Transaction date: June 5, 2026; Filing date: June 8, 2026 (reporting period 6/5/2026).
• Acquired: 75,000 shares via exercise/conversion (derivative); Disposed: 75,000 shares at $0.00 (derivative).
• Purchase/price: Acquisition price listed as N/A; disposition price $0.00.
• Shares owned after the transaction: Not specified in the provided filing excerpt.
• Footnotes: F1 confirms these were RSUs (1 RSU = 1 share). F2 lists vesting milestones (50% on June 16, 2026 and additional tranches tied to specific date/price conditions).
• The filing does not explicitly state the reason for the $0 disposition (e.g., share withholding for taxes or settlement), so the economic impact is not fully described.

Context

• This was not an open-market purchase or sale for cash. The primary action appears to be settlement/conversion of RSUs into shares. The simultaneous $0 disposition often (but not always) reflects shares withheld or surrendered in connection with settlement or tax obligations; the form here does not spell out that detail.
• For retail investors, conversions/settlements of RSUs are routine compensation events and do not alone signal a directional view by the insider.