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

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.