Huang Victor 4
4 · Airship AI Holdings, Inc. · Filed Jun 4, 2026
Research Summary
AI-generated summary of this filing
Airship AI (AISP) 10% Owner Victor Huang Gifts 200,000 Shares
What Happened
Victor Huang, reported as a 10% owner of Airship AI Holdings, Inc. (AISP), disposed of 200,000 shares on June 3, 2026 by gifting them (transaction code: G). The shares were transferred with no cash consideration (price reported $0). The Form 4 was filed on June 4, 2026.
Key Details
- Transaction date: 2026-06-03; Form 4 filed: 2026-06-04 (filed one day after the transaction; within the usual 2-business-day Form 4 window).
- Transaction type: Gift (G); shares disposed: 200,000; consideration: $0.
- Footnote of note: F1 indicates the reported shares were originally received in connection with the December 21, 2023 merger that converted Airship AI pre-merger securities into Issuer common stock (per the Merger Agreement).
- Remarks: Filing states the shares were transferred to another party as a gift.
- Post-transaction beneficial ownership: Not specified in the summary provided.
Context
- Gifts are not purchases and generally do not signal the donor’s view of the company’s near-term prospects; they commonly reflect personal, estate planning, or charitable decisions.
- As a 10% owner, Huang is a significant shareholder (not necessarily an executive); insider gift transactions by large holders should be interpreted differently than open-market buys/sells by officers or directors.
- Other footnotes in the filing (F2–F7) describe converted options, SARs, warrants, earnout rights, and vesting schedules from the merger, but they do not change that this specific transaction was a gift of existing common shares.
Insider Transaction Report
Form 4
Huang Victor
DirectorCEO and Chairman of the BOD10% Owner
Transactions
- Gift
Common Stock
[F1]2026-06-03−200,000→ 3,832,207 total
Holdings
- 1,374,252
Earnout Rights
[F5]→ Common Stock (1,374,252 underlying) - 1,749,335
Options
[F2]Exercise: $0.12From: 2023-12-21Exp: 2033-03-31→ Common Stock (1,749,335 underlying) - 1,758,105
Stock Appreciation Rights
[F3]Exercise: $0.12From: 2023-12-21Exp: 2033-03-31→ Common Stock (1,758,105 underlying) - 1,344,951
Warrants
[F4]Exercise: $1.77From: 2023-12-21Exp: 2028-05-08→ Common Stock (1,344,951 underlying) - 100,000
Options
[F6]Exercise: $2.86Exp: 2034-08-16→ Common Stock (100,000 underlying) - 220,000
Warrant
Exercise: $2.36From: 2024-09-27Exp: 2029-09-27→ Common Stock (220,000 underlying) - 50,000
Options
[F6]Exercise: $4.25Exp: 2035-09-03→ Common Stock (50,000 underlying) - 126,125
Public Warrant (AISPW shares)
[F7]Exercise: $4.50Exp: 2028-12-21→ Common Stock (126,125 underlying)
Footnotes (7)
- [F1]Includes 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]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.
- [F3]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.
- [F4]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.
- [F5]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.
- [F6]Options vest quarterly over 4 years.
- [F7]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. AISPW shares have various dates exercisable based on various purchase dates.
Signature
By: /s/ Victor Huang|2026-06-03