Starfighters Space (FJET) 10% Owner Richard Svetkoff Sells 1.05M Shares

What Happened
Richard William Svetkoff, a reported 10% owner of Starfighters Space, Inc. (FJET), sold a total of 1,050,821 common shares in a series of open-market dispositions between May 8 and August 4, 2026. The sales generated approximately $7,221,410 in proceeds. Major tranches included 329,100 shares at $6.39 ($2,102,949), 222,956 shares at $8.55 ($1,906,274), and 94,908 shares at $10.24 ($971,858). These were sales (S) reported as conducted through the reporting person’s brokerage account in unsolicited brokers’ transactions and were executed in accordance with Rule 144(f) and (g).

Key Details

• Filing date: August 31, 2026 (Form 4 filed late; reporting person “inadvertently failed to timely file”) — transactionTimeliness = L.
• Transaction dates, share counts, prices and gross proceeds:
  • 2026-05-08: 75,000 @ $5.72 = $429,000
  • 2026-05-11: 100,000 @ $5.46 = $546,000
  • 2026-05-15: 75,000 @ $5.21 = $390,750
  • 2026-05-20: 13,773 @ $5.21 = $71,757
  • 2026-05-21: 59,992 @ $5.15 = $308,959
  • 2026-05-22: 329,100 @ $6.39 = $2,102,949
  • 2026-05-26: 50,000 @ $7.50 = $375,000
  • 2026-06-01: 222,956 @ $8.55 = $1,906,274
  • 2026-06-04: 94,908 @ $10.24 = $971,858
  • 2026-08-04: 30,092 @ $3.95 = $118,863
• Total sold: 1,050,821 shares for ~$7,221,410.
• Shares owned after transaction: Not disclosed in the filing.
• Notable filing notes: Sales were made under Rule 144(f) and (g) and described as unsolicited brokers’ transactions. The Form 4 was filed late and states the lateness was inadvertent.

Context

• These were outright sales by a 10% owner (beneficial owner), not option exercises or awards; Rule 144 reference suggests restricted or control stock sales executed under resale rules.
• Sales by insiders, especially large holders, are factual events — they do not by themselves prove company outlook or insider sentiment. Late filing is an administrative compliance issue investors should note.