Edward J. Wegel - Mar 13, 2023 Form 4 Insider Report for Global Crossing Airlines Group Inc. (JETMF)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Martin Schrier as attorney-in-fact for Edward J. Wegel
Stock symbol
JETMF
Transactions as of
Mar 13, 2023
Transactions value $
$16,782
Form type
4
Date filed
3/20/2023, 06:28 PM
Previous filing
Nov 23, 2022
Next filing
Mar 31, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JETMF Common Stock Award $3.53K +3.5K $1.01 3.5K Mar 13, 2023 Direct F1
transaction JETMF Common Stock Award $13.3K +12.5K $1.06 12.5K Mar 20, 2023 Direct F2
holding JETMF Common Stock 5.32M Mar 13, 2023 Direct
holding JETMF Common Stock 509K Mar 13, 2023 By Spouse
holding JETMF Class B Non-Voting Common Stock 11.9K Mar 13, 2023 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding JETMF Options to Purchase Common Stock 107K Mar 13, 2023 Common Stock 107K $0.25 Direct F3
holding JETMF Restricted Stock Units 0 Mar 13, 2023 Common Stock 263K Direct F2, F4
holding JETMF Restricted Stock Units 0 Mar 13, 2023 Common Stock 325K Direct F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $1.0039 to $1.01, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
F2 The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $1.05 to $1.0644, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
F3 All of the options are currently vested and exercisable.
F4 Each restricted stock unit ("RSU") represents a contingent right to receive one share of the issuer common stock pursuant to the issuer's Restricted Share Unit Plan. This award of RSUs was granted on March 16, 2023. Shares of common stock subject to this award are subject to service-based vesting conditions and vest in equal annual installments on each of March 16, 2024, March 16, 2025 and March 16, 2026, subject to continued service through such vesting date.
F5 Vest as follows: 250,000 of such RSUs vest on June 23, 2023 and the remainder will vest on November 23, 2023.