FlyExclusive (FLYX) COO Guina Michael Receives 800,000-Share Option Award

What Happened

• Guina Michael, Chief Operating Officer of FlyExclusive (FLYX), was granted a derivative award of 800,000 shares (stock option) on September 25, 2026. The reported per-share price is $0.00 in the filing; this transaction is recorded as an award/grant (derivative), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-25; Filing date: 2026-09-29 (filed within the two-business-day reporting window).
• Transaction type/code: A (award/grant) — derivative security (stock option).
• Shares/units granted: 800,000 options; reported price: $0.00 in the filing.
• Vesting (Footnote F1): The 2026 option grant vests over three years in three equal annual installments on each anniversary of the grant.
• Additional footnotes in the filing (F2, F3) describe prior option grants from 2025 and 2024 with similar three-year annual vesting schedules.
• Shares owned after the transaction: not specified in the filing.

Context

• This was an option grant (future equity subject to vesting), not an exercise or immediate sale — it does not represent current stock sold or bought on the market. Options typically convert to common shares only after vesting and, if exercised, after any required payment of an exercise price. The filing does not indicate a cashless exercise or sale of underlying shares.