David Anderman - Dec 17, 2024 Form 3 Insider Report for SURF AIR MOBILITY INC. (SRFM)

Role
Director
Signature
/s/ Douglas Sugimoto, as attorney-in-fact for David Anderman
Stock symbol
SRFM
Transactions as of
Dec 17, 2024
Transactions value $
$0
Form type
3
Date filed
12/27/2024, 09:15 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SRFM Common Stock 23.2K Dec 17, 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
holding SRFM Stock Option (right to buy) Dec 17, 2024 Common Stock 1.59K $40.08 Direct F1
holding SRFM Warrant Dec 17, 2024 Common Stock 71.4K $6.17 By Proxima Centauri LLC F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This option represents the right to purchase 1,594 shares of the Issuer's common stock, which vests in 36 monthly installments commencing on December 12, 2022, and ending on November 12, 2025, subject to the Reporting Person's continued service to the Issuer on such vesting date.
F2 This warrant is fully vested with respect to 28,571 shares and the remaining shares underlying the warrant will vest as follows: (i) 14,286 shares on the date that the volume weighted average price of one share of the Issuer's Common Stock for a twenty consecutive trading day period (the "VWAP") equals or exceeds $17.50; (ii) 14,285 shares on the date that the VWAP equals or exceeds $35.00; and (iii) 14,285 shares on the date that the VWAP equals or exceeds $52.50.

Remarks:

Exhibit 24 - Power of Attorney