Red Oak Partners, LLC 4

4 · Global Crossing Airlines Group Inc. · Filed Apr 7, 2025

Form 4

Period: 2025-03-20

10% Owner

Transactions

Conversion
Common Stock
2025-03-20+412,479→ 3,308,648 total(indirect: By The Red Oak Long Fund, L.P. directly)
Conversion
Class B Non-Voting Common Stock
2025-03-20−787,521→ 10,868 total(indirect: By The Red Oak Fund, LP directly)
Exercise: $0.00→ Common Stock (787,521 underlying)
Conversion
Common Stock
2025-03-20+787,521→ 6,317,019 total(indirect: By The Red Oak Fund, LP directly)
Conversion
Class B Non-Voting Common Stock
2025-03-20−412,479→ 5,632 total(indirect: By The Red Oak Long Fund, L.P. directly)
Exercise: $0.00→ Common Stock (412,479 underlying)

Holdings

Class A Non-Voting Common Stock
(indirect: By The Red Oak Long Fund, L.P. directly)
Exercise: $0.00→ Common Stock (1,903,174 underlying)
1,903,174
Warrants
(indirect: By The Red Oak Fund, LP directly)
Exercise: $1.50Exp: 2025-02-20→ Common Stock (4,946,739 underlying)
4,946,739
Class A Non-Voting Common Stock
(indirect: By The Red Oak Fund, LP directly)
Exercise: $0.00→ Common Stock (3,634,139 underlying)
3,634,139
Warrants
(indirect: By The Red Oak Long Fund, L.P. directly)
Exercise: $1.50Exp: 2025-02-20→ Common Stock (2,590,574 underlying)
2,590,574

Footnotes (6)

[F1]Red Oak Partners, LLC ("ROP") serves as the general partner of The Red Oak Fund, LP, a Delaware limited partnership (the "Fund"), the direct owner of the subject securities. David Sandberg is the managing member of ROP and the Fund's portfolio manager.
[F2]Each Reporting Person disclaims beneficial ownership of all securities reported herein, except to the extent of their pecuniary interest therein, if any, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the shares for purposes of Section 16 of the Securities and Exchange Act of 1934 or for any other purpose.
[F3]ROP serves as the general partner of The Red Oak Long Fund, LP, a Delaware limited partnership (the "Long Fund"), the direct owner of the subject securities. David Sandberg is the managing member of ROP and the Long Fund's portfolio manager.
[F4]Warrants may not be exercised to the extent that, after giving effect to such exercise, the Reporting Persons would beneficially own in excess of 4.99% of the issued and outstanding common stock after such exercise.
[F5]Immediately exercisable and do not expire.
[F6]Shares acquired via conversion of Class B Non-Voting Common Stock into Common Stock.

Documents

1 file