Shahani Sudhin 4
4 · SURF AIR MOBILITY INC. · Filed Jul 27, 2023
Insider Transaction Report
Form 4
Shahani Sudhin
Director
Transactions
- Award
Common Stock
2023-07-25+1,260,000→ 4,765,354 total
Footnotes (1)
- [F1]Represents performance-based restricted stock units ("PRSUs"). Each PRSU represents a contingent right to receive, upon vesting of the PRSU, one share of the Issuer's common stock. These PRSUs will vest only if (i) the per-share closing price of the Issuer's common stock over a period of ten consecutive trading days within a five-year performance period is greater than 200% of the per-share price of the Issuer's common stock in the first trade that occurs after July 25, 2023, and (ii) the Reporting Person's employment with the Issuer or one of its subsidiaries continues through the date such stock price goal is achieved, subject to certain exceptions.