Edward J. Wegel - Mar 20, 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 20, 2023
Transactions value $
$777
Form type
4
Date filed
3/31/2023, 12:05 PM
Previous filing
Mar 20, 2023
Next filing
Jun 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JETMF Common Stock Award $777 +736 $1.06 736 Mar 20, 2023 Direct F1
holding JETMF Common Stock 5.32M Mar 20, 2023 Direct
holding JETMF Common Stock 509K Mar 20, 2023 By Spouse
holding JETMF Class B Non-Voting Common Stock 11.9K Mar 20, 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 20, 2023 Common Stock 107K $0.25 Direct F2
holding JETMF Restricted Stock Units 0 Mar 20, 2023 Common Stock 263K Direct F3
holding JETMF Restricted Stock Units 0 Mar 20, 2023 Common Stock 325K Direct F4
* 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 $1.057 to $1.05, 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 All of the options are currently vested and exercisable.
F3 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.
F4 Vest as follows: 125,000 of such RSUs vest on June 23, 2023, 12,500 vest on October 28,2023 and 125,000 vest on June 11,2024.