4//SEC Filing
Huang Victor 4
Accession 0001161697-25-000378
CIK 0001842566other
Filed
Nov 19, 7:00 PM ET
Accepted
Nov 20, 5:10 PM ET
Size
21.5 KB
Accession
0001161697-25-000378
Insider Transaction Report
Form 4
Huang Victor
DirectorCEO and Chairman of the BOD10% Owner
Transactions
- Purchase
Common Stock
2025-11-20$3.18/sh+51,000$161,986→ 194,849 total - Purchase
Public Warrant (AISPW shares)
2025-11-19$1.06/sh+1,000$1,060→ 85,125 totalExercise: $4.50From: 2025-08-22Exp: 2028-12-21→ Common Stock (1,000 underlying)
Holdings
- 1,750,094(indirect: See footnote)
Earnout Rights
→ Common Stock (1,750,094 underlying) - 220,000
Warrant
Exercise: $2.36From: 2024-09-27Exp: 2029-09-27→ Common Stock (220,000 underlying) - 1,758,105(indirect: See footnote)
Stock Appreciation Rights
Exercise: $0.12From: 2023-12-21Exp: 2032-02-16→ Common Stock (1,758,105 underlying) - 1,344,951
Warrants
Exercise: $1.77From: 2023-12-21Exp: 2027-05-08→ Common Stock (1,344,951 underlying) - 50,000
Options
Exercise: $4.25Exp: 2035-09-03→ Common Stock (50,000 underlying) - 3,767,718(indirect: See footnote)
Common Stock
- 100,000
Options
Exercise: $2.86Exp: 2034-08-16→ Common Stock (100,000 underlying) - 6,000(indirect: See footnote)
Public Warrant (AISPW shares)
Exercise: $4.50From: 2025-08-22Exp: 2028-12-21→ Common Stock (6,000 underlying) - 1,749,335(indirect: See footnote)
Options
Exercise: $0.12From: 2023-12-21Exp: 2032-01-15→ Common Stock (1,749,335 underlying)
Footnotes (8)
- [F1]Represents shares of common stock of the Issuer received on December 21, 2023, as consideration 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 shares in exchange for 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]Airship Kirkland Family Limited Partnership is the record holder of the securities reported herein. Victor Huang is the managing partner of Airship Kirkland Family Limited Partnership and as such has voting and dispositive power over these securities. Mr. Huang disclaims beneficial ownership of the securities held by Airship Kirkland Family Limited Partnership, except to the extent of his pecuniary interest therein.
- [F3]Represents options to purchase shares of common stock of the Issuer received on December 21, 2023, pursuant to the Merger Agreement, 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.
- [F4]Represents stock appreciation rights denominated in shares of common stock of the Issuer received on December 21, 2023, pursuant to the Merger Agreement, upon the conversion of stock appreciation rights denominated in 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.
- [F5]Represents warrants to purchase shares of common stock of the Issuer received by the Reporting Person on December 21, 2023, pursuant to the Merger Agreement, upon the conversion of warrants 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.
- [F6]Pursuant to earnout provisions in the Merger Agreement, 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.
- [F7]Options vest quarterly over 4 years.
- [F8]Public Warrant (AISPW shares) Exercise Price subject to adjustment and expire five years after the closing of the merger on December 21, 2023, or earlier upon redemption or liquidation.
Documents
Issuer
Airship AI Holdings, Inc.
CIK 0001842566
Entity typeother
Related Parties
1- filerCIK 0002004301
Filing Metadata
- Form type
- 4
- Filed
- Nov 19, 7:00 PM ET
- Accepted
- Nov 20, 5:10 PM ET
- Size
- 21.5 KB