Reeves Oliver 4

What Happened

• Reeves Oliver, Chief Financial Officer of Surf Air Mobility, received a grant of 150,000 restricted stock units (RSUs) on 2026-04-10. The reported acquisition price is $0.00 (award), so no cash was paid by the insider. The filing was submitted on 2026-04-14.
• Per the award terms, 25% of the RSUs (37,500 shares) were fully vested as of the grant date; the remaining 112,500 RSUs will vest in three equal annual installments of 37,500 shares beginning on the first anniversary of the grant, subject to continued service. Vested shares will be delivered on the dates specified in the award agreement.

Key Details

• Transaction type: Award/Grant (Form 4 code A)
• Transaction date: April 10, 2026; Filing date: April 14, 2026
• Shares granted: 150,000 RSUs; Reported price: $0.00; Reported cash value: $0
• Immediate vesting: 25% = 37,500 shares; Remaining vesting: 3 annual installments of 37,500 shares
• Shares owned following the transaction: Not specified in the provided filing
• Footnote: Vesting and delivery subject to continued service; delivery timing per award agreement

Context

• This was a compensation award (not an open-market purchase or sale). Such RSU grants are common executive compensation and do not, by themselves, indicate a personal purchase/sale decision. The immediate 25% vesting means a meaningful portion became vested at grant; remaining shares vest over time and depend on continued employment.