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Global Crossing Airlines Group Inc.·4/A

Apr 14, 11:32 AM ET

Goepel Ryan 4/A

4/A · Global Crossing Airlines Group Inc. · Filed Apr 14, 2026

Research Summary

AI-generated summary of this filing

Updated

Global Crossing (JETMF) President & CFO Ryan Goepel Sells Shares

What Happened

  • Ryan Goepel, President and Chief Financial Officer of Global Crossing Airlines Group (ticker: JETMF), had RSUs vest and converted into common stock in Feb–Mar 2026 (total 420,000 shares). Following vesting, he sold 158,929 shares in three sale-to-cover transactions to satisfy tax withholding obligations, generating total proceeds of approximately $73,260.
  • The filings show conversion/vesting entries (derivative conversions with $0 purchase price) on 2026-02-03 (286,666 shares), 2026-03-16 (83,334 shares), and 2026-03-23 (50,000 shares), and corresponding market sales on 2026-02-20 (113,329 shares at $0.48), 2026-03-16 (30,051 shares at $0.40), and 2026-03-23 (15,549 shares at $0.44).

Key Details

  • Transaction dates and sale prices:
    • 2026-02-03: 286,666 RSUs vested/converted to shares (no cash paid).
    • 2026-02-20: sold 113,329 shares at $0.48 — proceeds $54,398.
    • 2026-03-16: 83,334 RSUs vested/converted; sold 30,051 shares at $0.40 — proceeds $12,020.
    • 2026-03-23: 50,000 RSUs vested/converted; sold 15,549 shares at $0.44 — proceeds $6,842.
    • Total vested/converted: 420,000 shares. Total sold: 158,929 shares. Total proceeds ≈ $73,260. Net shares retained from vesting ≈ 261,071.
  • Shares owned following these transactions are not specified in the filing.
  • Footnotes:
    • Sales were sale-to-cover transactions to satisfy tax withholding obligations related to RSU vesting (F2).
    • The share conversions reflect RSU vesting from awards granted Mar 16, 2023 (F5), Mar 20, 2024 (F6), and Feb 3, 2025 (F4) with multi-year service-based vesting schedules.
    • Reporting person holds only common stock (not Class A or B) (F1).
  • Filing status: This is an amended Form 4 filed 2026-04-14 reporting transactions from Feb–Mar 2026. Investors should note the amended filing and any reporting delay.

Context

  • These transactions are routine RSU vestings and sale-to-cover tax withholdings rather than open-market selling for investment reasons; sale-to-cover is a common practice when restricted awards vest.
  • The derivative entries here reflect RSU conversions to common shares (no cash exercise price), not cash-option exercises.

Insider Transaction Report

Form 4/AAmended
Period: 2026-02-03
Global Crossing Airlines Group Inc.JETMF
Goepel Ryan
DirectorSee Remarks
Transactions
  • Exercise/Conversion

    Common Stock

    [F1][F3]
    2026-02-03+286,666→ 1,836,390 total
  • Sale

    Common Stock

    [F1][F2]
    2026-02-20$0.48/sh−113,329$54,398→ 1,723,061 total
  • Exercise/Conversion

    Common Stock

    [F1][F3]
    2026-03-16+83,334→ 1,806,395 total
  • Sale

    Common Stock

    [F1][F2]
    2026-03-16$0.40/sh−30,051$12,020→ 1,776,344 total
  • Exercise/Conversion

    Common Stock

    [F1][F3]
    2026-03-23+50,000→ 1,826,344 total
  • Sale

    Common Stock

    [F1][F2]
    2026-03-23$0.44/sh−15,549$6,842→ 1,810,795 total
  • Exercise/Conversion

    Restricted Stock Units

    [F3][F4]
    2026-02-03−286,666→ 573,334 total
    Exp: 2028-02-03→ Common Stock (286,666 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F3][F5]
    2026-03-16−83,334→ 0 total
    Exp: 2026-03-16→ Common Stock (83,334 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F3][F6]
    2026-03-23−50,000→ 50,000 total
    Exp: 2027-03-20→ Common Stock (50,000 underlying)
Footnotes (6)
  • [F1]Reporting person owns only shares of issuer common stock and does not own any shares of Class A common stock or Class B common stock.
  • [F2]Disposition of shares of common stock resulted from a sale-to-cover transaction solely to satisfy tax withholding obligations in connection with the vesting of the RSUs.
  • [F3]Shares of common stock were acquired upon vesting and therefore conversion of an equal number of RSUs.
  • [F4]Each RSU represents a contingent right to receive one share of the issuer's common stock pursuant to the issuer's Restricted Share Unit Plan. This award of RSUs was granted on February 3, 2025. Shares of common stock subject to this award are subject to service-based vesting conditions and these RSUs vest one-third on each of February 3, 2026, February 3, 2027, and February 3, 2028, subject to continued service through such vesting date.
  • [F5]Each RSU represents a contingent right to receive on share of the issuer's common stock pursuant to the issuer's Restricted Share Unit Plan. This award of RSUs was granted on March 16, 2023. Shares of common stock subject to this award are subject to service-based vesting conditions and these RSUs vest one-third on each of March 16, 2024, March 16, 2025, and March 16, 2026, subject to continued service through such vesting date.
  • [F6]Each RSU represents a contingent right to receive one share of the issuer's common stock pursuant to the issuer's Restricted Share Unit Plan. This award of RSUs was granted on March 20, 2024. Shares of common stock subject to this award are subject to service-based vesting conditions and these RSUs vest one-third on each of March 20, 2025, March 20, 2026, and March 20, 2027, subject to continued service through such vesting date.
Signature
/s/ Ryan Goepel|2026-04-14

Documents

1 file
  • 4
    ownership.xml

    4/A