Edward J. Wegel - Jun 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
Jun 13, 2023
Transactions value $
-$18,375
Form type
4
Date filed
6/16/2023, 09:19 PM
Previous filing
Mar 31, 2023
Next filing
Dec 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JETMF Common Stock Options Exercise $0 +125K +2.35% $0.00 5.43M Jun 13, 2023 Direct F1
transaction JETMF Common Stock Disposed to Issuer -$18.4K -18.8K -0.35% $0.98 5.42M Jun 13, 2023 Direct
holding JETMF Common Stock 509K Jun 13, 2023 By Spouse
holding JETMF Class B Non-Voting Common Stock 11.9K Jun 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 Jun 13, 2023 Common Stock 107K $0.25 Direct F2
holding JETMF Restricted Stock Units 0 Jun 13, 2023 Common Stock 263K Direct F3
holding JETMF Restricted Stock Units 0 Jun 13, 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 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 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 These RSUs vest on November 23, 2023.