MacDonald Chad 4

What Happened
Chad MacDonald, Chief Legal Officer of AirJoule Technologies (AIRJ), recorded an exercise/conversion of a derivative on 2026-06-05 that shows 23,125 shares acquired at $0.00 and a simultaneous disposition of 23,125 shares at $0.00. The filing reports no cash paid or received for these transactions (both priced at $0.00), so there was no net cash change.

Key Details

• Transaction date: 2026-06-05; Form 4 filed: 2026-06-09 (Accession 0001193125-26-264534). Filing appears timely.
• Transaction code: M (exercise or conversion of derivative).
• Shares acquired: 23,125 at $0.00; Shares disposed: 23,125 at $0.00. Net share change reported in these lines: zero.
• Shares owned after transaction: not specified in the provided summary of the filing.
• Footnote: F1 — these are restricted stock units (RSUs) that vest in four equal annual installments beginning June 6, 2025; each RSU represents a contingent right to one share of Class A common stock.

Context
The paired acquisition and disposition at $0.00 most commonly reflects RSU vesting with simultaneous share withholding or conversion mechanics rather than an open-market sale—i.e., shares converted from RSUs and an equal number were surrendered/withheld (often for taxes). This should not be read as a cash sale or new purchase of stock; it documents an internal conversion/settlement of previously granted equity.