Shahani Sudhin 4

What Happened

• Shahani Sudhin, a director of Surf Air Mobility, reported a gift (transaction code G) of 408,163 common shares on 2026-06-03. The reported price per share was $0.00 and the reported cash value of the transfer is $0. The Form 4 was filed on 2026-06-05.

Key Details

• Transaction date: 2026-06-03; Filing date: 2026-06-05 (filed within two business days).
• Price: $0.00 per share; Total reported cash consideration: $0.
• Shares transferred/disposed: 408,163 (gift to trust).
• Shares owned after the transaction: not specified in the filing.
• Footnote: F1 — transfer by bona fide gift to a trust; no payment or consideration was received by the reporting person.
• No indication of a 10b5-1 plan or tax withholding related to this transfer in the filing.

Context

• Gifts are disposals but do not necessarily signal the insider’s view of the company’s prospects; they often reflect estate planning or family/trust arrangements. Because no cash changed hands, this is not a sale for proceeds and should be interpreted as a transfer for personal/estate purposes, not a market-based liquidity event.