Deanna Leigh White - May 15, 2024 Form 3 Insider Report for SURF AIR MOBILITY INC. (SRFM)

Role
Exhibit 24 - Power of Attorney Chief Operating Officer and Interim Chief Executive Officer
Signature
/s/ David Anderman, as attorney-in-fact for Deanna Leigh White
Stock symbol
SRFM
Transactions as of
May 15, 2024
Transactions value $
$0
Form type
3
Date filed
5/16/2024, 06:43 PM
Previous filing
Jul 25, 2023

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 SRFM Stock Option (right to buy) May 15, 2024 Common Stock 293K $0.53 Direct F1
holding SRFM Stock Option (right to buy) May 15, 2024 Common Stock 293K $5.73 Direct F2
holding SRFM Stock Option (right to buy) May 15, 2024 Common Stock 275K $0.88 Direct F3
holding SRFM Stock Option (right to buy) May 15, 2024 Common Stock 275K $0.88 Direct F4
holding SRFM Stock Option (right to buy) May 15, 2024 Common Stock 275K $0.88 Direct F5
holding SRFM Stock Option (right to buy) May 15, 2024 Common Stock 275K $0.88 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This option is fully vested and exercisable.
F2 This option represents the right to purchase 293,476 shares of the Issuer's common stock, which vests in 36 monthly installments commencing on February 1, 2022, and ending on January 1, 2025, subject to the Reporting Person's continued service to the Issuer on such vesting date.
F3 This option represents the right to purchase 275,000 shares of the Issuer's common stock, which vested immediately upon grant.
F4 This option represents the right to purchase 275,000 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.
F5 This option represents the right to purchase 275,000 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 $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.
F6 This option represents the right to purchase 275,000 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 $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.

Remarks:

Exhibit 24 - Power of Attorney Chief Operating Officer and Interim Chief Executive Officer