Ma Yanda 4
4 · Airship AI Holdings, Inc. · Filed May 4, 2026
Research Summary
AI-generated summary of this filing
Airship AI (AISP) CTO Ma Yanda Receives 400,000 Option Award
What Happened Ma Yanda, Chief Technology Officer of Airship AI Holdings, Inc. (AISP), was reported on Form 4 to have acquired 400,000 derivative securities (options/award) on 04/20/2026 at an exercise price of $0.00. The filing indicates these are options converted from prior Airship AI options under the companies' Merger Agreement (originally received Dec 21, 2023). This was an award/derivative transaction (code A), not an open‑market buy or sale.
Key Details
- Transaction date and price: 04/20/2026, 400,000 options at $0.00 (derivative award).
- Vesting: Options vest quarterly over four years (footnote F3).
- Origin: Options were received upon conversion under the Merger Agreement (footnote F1).
- Earnout: Holder may be entitled to additional shares under earnout performance milestones (footnote F2).
- Expiration: Filing notes option expiration date extended to 01/16/2033.
- Shares owned after transaction: Not specified in this Form 4.
- Filing timeliness: Transaction dated 04/20/2026 was filed on 05/04/2026 — appears later than the typical 2-business‑day Form 4 deadline.
Context These are derivative option awards converted from preexisting Airship AI awards tied to the merger, with standard multi‑year vesting and potential additional earnout shares based on performance. Because this was an award/conversion (no cash purchase or sale), it doesn’t indicate immediate buying or selling activity by the insider. The extension of the exercise/expiration date gives more time to exercise these options if vested.
Insider Transaction Report
- Award
Options
[F3]2026-04-20+400,000→ 400,000 totalExercise: $2.49Exp: 2036-04-20→ Common Stock (400,000 underlying)
- 270,000
Common Stock
- 277,698
Options
[F1]Exercise: $0.12From: 2023-12-21Exp: 2033-01-16→ Common Stock (277,698 underlying) - 132,950
Earnout Rights
[F2]→ Common Stock (132,950 underlying) - 75,000
Options
[F3]Exercise: $2.86Exp: 2034-08-16→ Common Stock (75,000 underlying) - 50,000
Options
[F3]Exercise: $4.25Exp: 2035-09-03→ Common Stock (50,000 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.