Surf Air Mobility (SRFM) CFO Reeves Oliver Sells Shares

What Happened Reeves Oliver, Chief Financial Officer of Surf Air Mobility (SRFM), reported two sales on 2026-04-16. Each sale was 14,437 shares at $1.31 per share for proceeds of $18,848, totaling 28,874 shares and roughly $37,696. The filing indicates these shares were sold to satisfy tax-withholding obligations connected to the vesting of performance-based and time-based restricted stock units.

Key Details

• Transaction date: 2026-04-16; Filing date (Form 4): 2026-04-17 (appears timely).
• Sales: two dispositions of 14,437 shares each at $1.31 per share; proceeds ~$18,848 each, ~$37,696 total.
• Transaction type: Reported as Sales (S) — open market or private sale.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Footnotes: F1 = sale to pay tax withholding for performance-based RSU vesting; F2 = sale to pay tax withholding for restricted stock unit vesting.

Context These sales were reported as tax-withholding transactions tied to RSU vesting rather than discretionary open-market divestitures. Such sell-to-cover transactions are common when restricted shares vest and do not necessarily signal management sentiment about the company's stock.