Ryan Goepel - Jun 13, 2023 Form 4 Insider Report for Global Crossing Airlines Group Inc. (JETMF)

Role
Chief Financial Officer, Director
Signature
/s/ Martin Schrier as attorney-in-fact for Ryan Goepel
Stock symbol
JETMF
Transactions as of
Jun 13, 2023
Transactions value $
-$12,740
Form type
4
Date filed
6/16/2023, 08:12 PM
Previous filing
Mar 20, 2023
Next filing
Sep 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JETMF Common Stock Options Exercise $0 +125K +7.68% $0.00 1.75M Jun 13, 2023 Direct F1, F2
transaction JETMF Common Stock Disposed to Issuer -$18.4K -18.8K -1.07% $0.98 1.73M Jun 13, 2023 Direct
transaction JETMF Common Stock Award $5.64K +10K +0.58% $0.56 1.74M May 16, 2023 Direct F2

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 71.7K Jun 13, 2023 Common Stock 71.7K $0.25 Direct F3, F4
holding JETMF Restricted Stock Units 0 Jun 13, 2023 Common Stock 325K $0.25 Direct F4
holding JETMF Restricted Stock Units 0 Jun 13, 2023 Common Stock 125K $0.25 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This relates solely to the settlement of previously granted restricted stock units ("RSUs") upon vesting. RSUs convert into common stock on a one-for-one basis.
F2 Shares of common stock were acquired under Global Crossing Airlines' Employee Share Purchase Plan from contributions by the reporting person.
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 RSUs vest on November 23, 2023.