4//SEC Filing
Liotta Matthew 4
Accession 0001628280-24-027727
CIK 0001853070other
Filed
Jun 10, 8:00 PM ET
Accepted
Jun 11, 6:46 PM ET
Size
11.9 KB
Accession
0001628280-24-027727
Insider Transaction Report
Form 4
Liotta Matthew
DirectorChief Executive Officer10% Owner
Transactions
- Award
Common Stock
2024-06-07+370,302→ 5,167,573 total - Award
Employee Stock Option (right to buy)
2024-06-07+50,000→ 138,140 total(indirect: By Spouse)Exercise: $0.75Exp: 2034-06-07→ Common Stock (50,000 underlying) - Award
Common Stock
2024-06-07+191,124→ 191,124 total(indirect: By Spouse) - Award
Performance-Based Restricted Stock Unit
2024-06-07+183,580→ 183,580 total→ Common Stock (183,580 underlying)
Footnotes (5)
- [F1]The shares represent Restricted Stock Units ("RSUs") granted on June 7, 2024. Each RSU represents a contingent right to receive one share of the Issuer's Common Stock. The RSU shall vest 25% of the shares subject to 12 months of continuous employment on the vesting commencement date and 1/48th shall vest subject to continuous employment thereafter.
- [F2]Mr. Liotta beneficially owns (i) 9,000 shares of Common Stock held individually, (ii) 3,466,153 shares of Common Stock held by Argand Group LLC and (iii) 1,322,118 shares of Common Stock held by PDK Capital, LLC in which Mr. Liotta has sole voting power and shares dispositive power with Ms. Jennifer Liotta.
- [F3]The shares represent RSU's granted on June 7, 2024. Each RSU represents a contingent right to receive one share of the Issuer's Common Stock. 1/48th of the Award shall vest when the executive completes each month of continuous service.
- [F4]Each Performance-Based RSU represents a contingent right to receive one share of SOAR common stock. The performance rights vest upon SOAR's common stock achieving a specified price per share.
- [F5]The stock option vests as to 25% of the shares subject to 12 months of continuous employment on the vesting commencement date and 1/48th shall vest subject to continuous employment thereafter.
Documents
Issuer
Volato Group, Inc.
CIK 0001853070
Entity typeother
Related Parties
1- filerCIK 0002003587
Filing Metadata
- Form type
- 4
- Filed
- Jun 10, 8:00 PM ET
- Accepted
- Jun 11, 6:46 PM ET
- Size
- 11.9 KB