4//SEC Filing
Ma Yanda 4
Accession 0001161697-24-000208
CIK 0001842566other
Filed
Apr 18, 8:00 PM ET
Accepted
Apr 19, 4:25 PM ET
Size
9.4 KB
Accession
0001161697-24-000208
Insider Transaction Report
Form 4
Ma Yanda
Chief Technology Officer
Transactions
- Award
Options
2024-04-18+50,000→ 50,000 totalExercise: $7.61Exp: 2034-04-18→ Common Stock (50,000 underlying)
Holdings
- 797,698
Options
Exercise: $0.12From: 2023-12-21Exp: 2032-01-15→ Common Stock (797,698 underlying) - 177,266
Earnout Rights
→ Common Stock (177,266 underlying)
Footnotes (3)
- [F1]Represents options to purchase shares of common stock of the Issuer received on December 21, 2023, pursuant to that certain Merger Agreement, dated as of June 27, 2023 (as amended on September 22, 2023 and as may be further amended and/or restated from time to time, the "Merger Agreement"), by and among Airship AI Holdings, Inc., a Delaware corporation (the "Issuer") (formerly known as BYTE Acquisition Corp., a Cayman Island exempted company limited by shares, prior to its domestication as a Delaware corporation), BYTE Merger Sub, Inc., a Washington corporation and a direct, wholly-owned subsidiary of the Issuer, and Airship AI, Inc., a Washington company (formerly known as Airship AI Holdings, Inc., "Airship AI"). The Reporting Person received the reported options upon the conversion of options to purchase shares of common stock of Airship AI at the Conversion Ratio, as defined in the Merger Agreement, as of the Effective Time of the Merger.
- [F2]Pursuant to earnout provisions in the Merger Agreement and subject to the Reporting Person's continued service to the Issuer, the holder of such Earnout Rights is entitled to receive shares of common stock of the Issuer upon the occurrence of certain operating performance and share price performance milestones during the applicable earnout periods set forth in the Merger Agreement.
- [F3]Options granted are subject to a four (4) year vesting period, vesting quarterly starting July 18, 2024.
Documents
Issuer
Airship AI Holdings, Inc.
CIK 0001842566
Entity typeother
Related Parties
1- filerCIK 0002004300
Filing Metadata
- Form type
- 4
- Filed
- Apr 18, 8:00 PM ET
- Accepted
- Apr 19, 4:25 PM ET
- Size
- 9.4 KB