Earnings Feed
Start Free
Global Crossing Airlines Group Inc.·4/A

Apr 14, 11:32 AM ET

Goepel Ryan 4/A

Research Summary

AI-generated summary

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.