Oliver Reeves - Apr 3, 2024 Form 4 Insider Report for SURF AIR MOBILITY INC. (SRFM)

Role: Chief Financial Officer
Signature: /s/ David Anderman, as attorney-in-fact for Oliver Reeves
Stock symbol: SRFM
Transactions as of: Apr 3, 2024
Transactions value $: $0
Form type: 4
Date filed: 4/5/2024, 09:33 PM
Previous filing: Jan 10, 2024

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
transaction	SRFM	Stock Option (Right to Buy)	Award	$0	+188K		$0.00	188K	Apr 3, 2024	Common Stock	188K	$0.88	Direct	F1
transaction	SRFM	Stock Option (Right to Buy)	Award	$0	+188K		$0.00	188K	Apr 3, 2024	Common Stock	188K	$0.88	Direct	F2
transaction	SRFM	Stock Option (Right to Buy)	Award	$0	+188K		$0.00	188K	Apr 3, 2024	Common Stock	188K	$0.88	Direct	F3
transaction	SRFM	Stock Option (Right to Buy)	Award	$0	+188K		$0.00	188K	Apr 3, 2024	Common Stock	188K	$0.88	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This option represents the right to purchase 187,500 shares of the Issuer's common stock, which vested immediately upon grant.
F2	This option represents the right to purchase 187,500 shares of the Issuer's common stock, which vests on the date that is the earlier of (x) the first anniversary of the grant date and (y) the last trading day where the sale price of the Issuer's common stock equals or exceeds $3.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period following the grant date, subject to the Reporting Person's continued service to the Issuer on such vesting date.
F3	This option represents the right to purchase 187,500 shares of the Issuer's common stock, which vests on the date that is the earlier of (x) the second anniversary of the grant date and (y) the last trading day where the sale price of the Issuer's common stock equals or exceeds $5.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period following the grant date, subject to the Reporting Person's continued service to the Issuer on such vesting date.
F4	This option represents the right to purchase 187,500 shares of the Issuer's common stock, which vests on the date that is the earlier of (x) the third anniversary of the grant date and (y) the last trading day where the sale price of the Issuer's common stock equals or exceeds $7.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period following the grant date, subject to the Reporting Person's continued service to the Issuer on such vesting date.