Bruce L. Hack - 03 Apr 2024 Form 4 Insider Report for SURF AIR MOBILITY INC. (SRFM)

Role
Director
Signature
/s/ David Anderman, as attorney-in-fact for Bruce Hack
Issuer symbol
SRFM
Transactions as of
03 Apr 2024
Net transactions value
$0
Form type
4
Filing time
05 Apr 2024, 21:38:24 UTC
Previous filing
27 Jul 2023
Next filing
27 Jun 2025
SEC
View on sec.gov

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Quoteable Key Fact

"Bruce L. Hack filed Form 4 for SURF AIR MOBILITY INC. (SRFM) on 05 Apr 2024."

Quick Takeaways

  • This page summarizes Bruce L. Hack's Form 4 filing for SURF AIR MOBILITY INC. (SRFM).
  • 5 reported transactions and 4 derivative rows are listed below.
  • Filing timestamp: 05 Apr 2024, 21:38.

What Changed

  • Previous filing in this sequence was filed on 27 Jul 2023.
  • Current net transaction value: $0.

Why This Matters

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Official SEC Source

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SRFM Common Stock Award $0 +91,353 +681% $0.000000 104,762 03 Apr 2024 Direct F1

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 +25,000 $0.000000 25,000 03 Apr 2024 Common Stock 25,000 $0.8800 Direct F2
transaction SRFM Stock Option (Right to Buy) Award $0 +25,000 $0.000000 25,000 03 Apr 2024 Common Stock 25,000 $0.8800 Direct F3
transaction SRFM Stock Option (Right to Buy) Award $0 +25,000 $0.000000 25,000 03 Apr 2024 Common Stock 25,000 $0.8800 Direct F4
transaction SRFM Stock Option (Right to Buy) Award $0 +25,000 $0.000000 25,000 03 Apr 2024 Common Stock 25,000 $0.8800 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units ("RSUs"). Each RSU represents a contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock. The RSUs will vest in full on July 27, 2024, subject to the Reporting Person's continued service to the Issuer.
F2 This option represents the right to purchase 25,000 shares of the Issuer's common stock, which vested immediately upon grant.
F3 This option represents the right to purchase 25,000 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.
F4 This option represents the right to purchase 25,000 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.
F5 This option represents the right to purchase 25,000 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.

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