Mital Amit 4
4 · Airship AI Holdings, Inc. · Filed Jan 8, 2025
Insider Transaction Report
Form 4
Mital Amit
Director
Transactions
- Other
Common Stock
2025-01-07+11,281→ 11,281 total - Other
Earnout Rights
2025-01-07−11,281→ 33,844 total→ Common Stock (11,281 underlying)
Holdings
- 203,061
Options
Exercise: $1.64From: 2023-12-21Exp: 2033-08-06→ Common Stock (203,061 underlying)
Footnotes (2)
- [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.