Global Crossing (JETMF) David Sandberg Files Form 4 Reporting Fund Holdings

What Happened
David Sandberg, the managing member of Red Oak Partners (which manages The Red Oak Fund, LP and The Red Oak Long Fund, LP), filed a Form 4 reporting that those funds directly own securities of Global Crossing Airlines Group Inc. (JETMF). The filing states the Funds are the direct owners and Sandberg disclaims beneficial ownership except to the extent of any pecuniary interest. The report covers activity dated 2026-08-11 and was filed on 2026-09-08.

Key Details

• Transaction/report date: 2026-08-11 (Period of Report) — Form filed 2026-09-08. The filing appears to have been submitted well after the transaction date (likely late relative to the typical 2-business-day Form 4 deadline).
• Reporting person: David Sandberg (controlling/managing member of Red Oak Partners).
• Direct owners listed: The Red Oak Fund, LP and The Red Oak Long Fund, LP (funds managed by Red Oak Partners).
• Beneficial ownership: Each reporting person disclaims beneficial ownership except for any pecuniary interest (Footnote F3).
• Notable footnote: Footnote F4 indicates certain securities are “immediately exercisable and do not expire” (suggesting a derivative/warrant-like instrument), but the provided summary does not list specific share counts, prices, or values.
• No share counts/prices included in the supplied summary — check the full EDGAR filing for exact quantities and transaction codes.

Context
This filing reflects institutional/fund holdings reported via a Form 4 rather than a personal trade by Sandberg. Institutional filings can signal positions taken by a fund manager but do not necessarily reflect the personal trading intent of the named reporting person. Because the filing date is substantially after the reported transaction date, retail investors may want to view the full Form 4 on EDGAR to see exact amounts, transaction codes (P/S/M/etc.), and any explanations for the late filing.