Jonathan Ornstein - Jun 1, 2024 Form 4 Insider Report for MESA AIR GROUP INC (MESA)

Role
CEO
Signature
/s/ Jonathan Ornstein
Stock symbol
MESA
Transactions as of
Jun 1, 2024
Transactions value $
-$60,680
Form type
4
Date filed
6/4/2024, 05:15 PM
Previous filing
Jun 2, 2023
Next filing
Jun 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MESA Common Stock Options Exercise $0 +27.2K +3.58% $0.00 788K Jun 1, 2024 Direct
transaction MESA Common Stock Options Exercise $0 +67.5K +8.56% $0.00 856K Jun 1, 2024 Direct
transaction MESA Common Stock Options Exercise $0 +24.1K +2.82% $0.00 880K Jun 1, 2024 Direct
transaction MESA Common Stock Tax liability -$60.7K -49.7K -5.65% $1.22 830K Jun 1, 2024 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
transaction MESA Restricted Stock Award Options Exercise $0 -27.2K -11.61% $0.00 207K Jun 1, 2024 Common stock 27.2K $0.00 Direct F1
transaction MESA Restricted Stock Award Options Exercise $0 -67.5K -32.54% $0.00 140K Jun 1, 2024 Common stock 67.5K $0.00 Direct F2
transaction MESA Restricted Stock Award Options Exercise $0 -24.1K -17.26% $0.00 116K Jun 1, 2024 Common stock 24.1K $0.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 A restricted stock award of 81,716 shares was granted under the 2018 Equity Incentive Plan on June 1, 2021. This is the final tranche of this award.
F2 A restricted stock award of 202,405 shares was granted under the 2018 Equity Incentive Plan on June 1, 2022. The final tranche of this award will vest 67,469 shares on June 1, 2025.
F3 A restricted stock award of 72,421 shares was granted under the 2018 Equity Incentive Plan on June 1, 2023. Additional tranches of this award will vest as follows: 24,140 shares on June 1, 2025, and 24,141 shares on June 1, 2026.