Reeves Oliver 4
4 · SURF AIR MOBILITY INC. · Filed Apr 17, 2026
Research Summary
AI-generated summary of this filing
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.
Insider Transaction Report
- Sale
Common Stock
[F1]2026-04-16$1.31/sh−14,437$18,848→ 304,001 total - Sale
Common Stock
[F2]2026-04-16$1.31/sh−14,437$18,848→ 289,564 total
Footnotes (2)
- [F1]Represents shares sold to pay tax withholding obligations in connection with the vesting of shares of performance-based restricted stock units granted to the Reporting Person.
- [F2]Represents shares sold to pay tax withholding obligations in connection with the vesting of shares of restricted stock units granted to the Reporting Person.