Michael Lotz - 01 Jun 2024 Form 4 Insider Report for MESA AIR GROUP INC (MESA)

Role
President & Chief Officer
Signature
/s/ Michael Lotz
Issuer symbol
MESA
Transactions as of
01 Jun 2024
Net transactions value
-$47,925
Form type
4
Filing time
04 Jun 2024, 17:15:11 UTC
Previous filing
02 Jun 2023
Next filing
16 Jul 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MESA Common Stock Options Exercise $0 +21,573 +5.6% $0.000000 403,764 01 Jun 2024 Direct
transaction MESA Common Stock Options Exercise $0 +53,435 +13% $0.000000 457,199 01 Jun 2024 Direct
transaction MESA Common Stock Options Exercise $0 +18,859 +4.1% $0.000000 476,058 01 Jun 2024 Direct
transaction MESA Common Stock Tax liability $47,925 -39,283 -8.3% $1.22 436,775 01 Jun 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 -21,573 -12% $0.000000 163,449 01 Jun 2024 Common stock 21,573 $0.000000 Direct F1
transaction MESA Restricted Stock Award Options Exercise $0 -53,435 -33% $0.000000 110,014 01 Jun 2024 Common stock 53,435 $0.000000 Direct F2
transaction MESA Restricted Stock Award Options Exercise $0 -18,859 -17% $0.000000 91,155 01 Jun 2024 Common stock 18,859 $0.000000 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 64,719 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 160,305 shares was granted under the 2018 Equity Incentive Plan on June 1, 2022. The final tranche of this award will vest 53,435 shares on June 1, 2025.
F3 A restricted stock award of 56,579 shares was granted under the 2018 Equity Incentive Plan on June 1, 2023. Additional tranches of this award will vest as follows: 18,860 shares on June 1, 2025 and 18,860 on June 1, 2026.