SCOTT MARK E 4

4 · Airship AI Holdings, Inc. · Filed Mar 6, 2026

AI-generated summary of this filing

Updated Mar 6, 2026

Airship AI (AISP) CFO Mark E. Scott Receives Award

What Happened

Mark E. Scott, Chief Financial Officer of Airship AI Holdings, Inc. (AISP), received a grant/award of 50,000 shares (reported as a derivative award) on March 4, 2026. The award is reported at $0.00 per share because it consists of earnout rights tied to future milestones rather than an immediate cash purchase.

Key Details

Transaction date: 2026-03-04; Form 4 filed: 2026-03-06 (filed within the typical 2-business-day window).
Grant details: 50,000 shares, $0.00 per share (derivative/earnout award).
Shares owned after the transaction: Not disclosed in the provided filing excerpt.
Notable footnotes from the filing:
- F1: The award is an earnout right under the Merger Agreement and vests/settles only if specified operating and share-price performance milestones occur and the reporting person remains in service.
- F2: Some securities noted in the filing are held by entities controlled by the reporting person; he disclaims beneficial ownership except for his pecuniary interest.
- F3: Certain options referenced in the filing vest quarterly over four years (may apply to other grants in the filing).
Transaction code: A = Award/Grant (derivative).

Context

This is a conditional earnout award, not an immediate open-market purchase or sale. The shares will only be issued/realized if performance and price milestones in the merger agreement are met and the CFO remains employed — so it’s contingent, not an immediate transfer of tradable stock.
Such awards are common in post-merger compensation structures; they indicate potential future upside if the company meets targets but do not reflect an immediate personal cash investment by the insider.

Form 4

Period: 2026-03-04

Chief Financial Officer

Transactions

Award
Options
[F3]
2026-03-04+50,000→ 50,000 total
Exercise: $2.72Exp: 2036-03-04→ Common Stock (50,000 underlying)

Holdings

Common Stock
43,952
Earnout Rights
[F1][F2]
(indirect: See footnote)
→ Common Stock (14,650 underlying)
14,650
Options
[F2]
(indirect: See footnote)
Exercise: $1.49From: 2024-03-01Exp: 2034-03-01→ Common Stock (25,000 underlying)
25,000
Options
[F3]
Exercise: $2.86Exp: 2034-08-16→ Common Stock (100,000 underlying)
100,000
Options
[F3]
Exercise: $3.27Exp: 2035-03-04→ Common Stock (30,000 underlying)
30,000
Options
[F3]
Exercise: $4.25Exp: 2035-09-03→ Common Stock (50,000 underlying)
50,000

Footnotes (3)

[F1]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.
[F2]Held by various entities controlled by the Reporting Person. The Reporting Person has voting and dispositive power over the securities held by such entities. The Reporting Person disclaims beneficial ownership of such securities, except to the extent of his pecuniary interest therein.
[F3]Options vest quarterly over 4 years.

Signature

By: /s/ Mark E. Scott|2026-03-06

1 file