Nick Wellmon - Jan 25, 2022 Form 4 Insider Report for Sky Harbour Group Corp (SKYH)

Role
Director, 10%+ Owner
Signature
/s/ Gerald Adler, Attorney-in-Fact
Stock symbol
SKYH
Transactions as of
Jan 25, 2022
Transactions value $
$0
Form type
4
Date filed
1/27/2022, 05:58 PM
Next filing
Dec 27, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SKYH Class B Common Stock Award +11.6M 11.6M Jan 25, 2022 By Due West Partners LLC F1, F2

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 SKYH Common Units Award +11.6M 11.6M Jan 25, 2022 Class A Common Stock 11.6M By Due West Partners LLC F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In connection with the closing of the business combination between Yellowstone Acquisition Company and Sky Harbour LLC ("Sky") on January 25, 2022, certain existing equity interests previously issued by Sky were reclassified and reissued by Sky into new Common Units. In addition, each equityholder of Common Units received an equivalent number of Class B Common Stock of the Issuer. Holders of Class B Common Stock are entitled to voting rights but have no economic rights.
F2 The securities reported herein are held by Due West Partners LLC ("Due West"). The Reporting Person is the Founder and Managing Partner of Due West, and as such has voting and investment discretion with respect to the securities held by Due West and may be deemed to have beneficial ownership of the securities held directly by Due West. The inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose. The Reporting Person disclaims beneficial ownership except to the extent of his pecuniary interest.
F3 Subject to the terms of the Third Amended and Restated Operating Agreement of Sky, the Common Units of Sky may be tendered for redemption by the Reporting Person for shares of the Issuer's Class A Common Stock on a one-to-one basis. The Common Units do not expire.