4//SEC Filing
Ranjan Peeyush 4
Accession 0001161697-25-000314
CIK 0001842566other
Filed
Sep 3, 8:00 PM ET
Accepted
Sep 4, 4:26 PM ET
Size
11.2 KB
Accession
0001161697-25-000314
Insider Transaction Report
Form 4
Ranjan Peeyush
Director
Transactions
- Award
Options
2025-09-03+20,000→ 20,000 totalExercise: $4.25Exp: 2035-09-03→ Common Stock (20,000 underlying)
Holdings
- 131,857
Options
Exercise: $1.64From: 2023-12-21Exp: 2033-08-06→ Common Stock (131,857 underlying) - 9,767
Common Stock
- 43,952
Options
Exercise: $0.57From: 2023-12-21Exp: 2032-01-15→ Common Stock (43,952 underlying) - 29,302
Earnout Rights
→ Common Stock (29,302 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 vest quarterly over 4 years.
Documents
Issuer
Airship AI Holdings, Inc.
CIK 0001842566
Entity typeother
Related Parties
1- filerCIK 0002003703
Filing Metadata
- Form type
- 4
- Filed
- Sep 3, 8:00 PM ET
- Accepted
- Sep 4, 4:26 PM ET
- Size
- 11.2 KB