Whitney David Kirk 4

What Happened
Whitney David Kirk, Chief Financial Officer of Starfighters Space, Inc. (FJET), reported the conversion/exercise of 562,500 restricted stock units (RSUs) into common shares on June 16, 2026. The filing also reports a simultaneous disposition of 562,500 shares with $0 cash consideration. The conversion is recorded as a derivative exercise (Form 4 code M); no cash purchase price is shown for the acquired shares and the disposed shares show $0 proceeds.

Key Details

• Transaction date: June 16, 2026; Form 4 filed June 17, 2026 (timely filing).
• Acquired: 562,500 shares via exercise/conversion (price: N/A).
• Disposed: 562,500 shares (price reported $0.00; proceeds $0).
• Shares owned after transaction: not disclosed in the provided excerpt — see the SEC filing for total beneficial ownership.
• Footnotes: F1 clarifies each RSU converts to one common share at settlement. F2 shows 50% of the RSUs vested on June 16, 2026; remaining tranches vest later or upon achievement of specified stock-price triggers.
• Filing timeliness: Reported on the next day (not marked late).

Context
This transaction reflects RSU vesting and conversion rather than an open-market buy or sale. It is common for companies or insiders to have shares withheld or transferred to cover taxes upon RSU settlement; reporting a disposition at $0 often represents such non-cash withholding or transfer rather than an arm’s-length sale. Review the full Form 4 for details on total post-transaction holdings and any tax-withholding explanation.