Reeves Oliver 4

What Happened

• Oliver Reeves, Chief Financial Officer of Surf Air Mobility (SRFM), was granted 239,439 shares as an award and subsequently sold 76,569 shares.
• Grant: 239,439 shares issued on 2026-05-07 at $0.00 per share (Common stock issued pursuant to the 2025 Surf Air Mobility Executive Bonus Program) — acquisition value recorded as $0.
• Sale: 76,569 shares sold on 2026-05-08 in an open market or private sale at $1.31 per share, totaling $100,642. Footnote indicates the sale was to pay tax withholding obligations related to the issued shares.

Key Details

• Transaction dates: Award granted 2026-05-07; shares sold 2026-05-08.
• Prices and totals: Award priced $0.00 (grant); sale at $1.31/share for ~$100,642.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnotes: F1 = shares issued under the 2025 Executive Bonus Program; F2 = shares sold to satisfy tax withholding.
• Filing: Form 4 filed 2026-05-08 covering the 2026-05-07/05-08 transactions; filing appears timely (not marked late).

Context

• The large award is part of an executive bonus program (not an open-market purchase) and therefore represents compensation rather than a direct buy signal.
• The disposal was to meet tax-withholding obligations from the grant (a routine administrative sale), which is common when restricted stock or bonus shares are issued.