Jet.AI Inc. 8-K

What Happened
Jet.AI Inc. announced that at its 2025 Annual Meeting of Stockholders on December 19, 2025, holders approved an amendment to the Amended and Restated 2023 Jet.AI Inc. Omnibus Incentive Plan. The board had approved the amendment on November 6, 2025, and the amendment became effective upon stockholder approval. The full amendment is filed as Exhibit 10.1 to the Company’s Form 8-K.

Key Details

• The shares reserved for issuance under the Incentive Plan were increased from 10,933 shares to 775,000 shares.
• The amendment also provides for additional shares to cover all shares issuable upon vesting of certain performance share units previously granted to the executive management team.
• Board approval occurred November 6, 2025; stockholder approval and effectiveness occurred December 19, 2025.
• A summary of the material terms appears in the Company’s definitive proxy statement filed November 25, 2025.

Why It Matters
This change expands the company’s equity compensation capacity so Jet.AI can grant more stock-based awards (including performance share units) to employees and executives. For investors, the amendment may affect potential dilution and future share-based expense disclosures; the Proxy Statement and the filed amendment (Exhibit 10.1) provide the detailed terms and potential share impact.