Ma Yanda 4

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.