Paul M. Allen - 23 Jun 2025 Form 4 Insider Report for Airship AI Holdings, Inc. (AISP)

Role
President
Signature
By: /s/ Paul Allen
Issuer symbol
AISP
Transactions as of
23 Jun 2025
Net transactions value
-$357,595
Form type
4
Filing time
25 Jun 2025, 17:22:59 UTC
Previous filing
05 Mar 2025
Next filing
04 Sep 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Allen Paul M. President C/O AIRSHIP AI HOLDINGS, INC., 8210 154TH AVE NE, REDMOND By: /s/ Paul Allen 24 Jun 2025 0002004278

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AISP Common Stock Sale $357,595 -70,000 -57% $5.11 51,948 23 Jun 2025 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 AISP Options 835,058 23 Jun 2025 Common Stock 100,000 $0.5700 Direct F1
holding AISP Earnout Rights 155,843 23 Jun 2025 Common Stock 51,948 Direct F2
holding AISP Options 150,000 23 Jun 2025 Common Stock 150,000 $2.86 Direct F3
holding AISP Options 100,000 23 Jun 2025 Common Stock 100,000 $3.27 Direct
holding AISP Options 300,000 23 Jun 2025 Common Stock 300,000 $3.27 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents options to purchase shares of common stock of the Issuer received on December 21, 2023 (the "Converted Stock Options"), pursuant to that certain Merger Agreement, dated as of June 27, 2023 (as amended on September 22, 2023 and as may be further amended and/or restated from time to time, the "Merger Agreement"), by and among Airship AI Holdings, Inc., a Delaware corporation (the "Issuer") (formerly known as BYTE Acquisition Corp., a Cayman Island exempted company limited by shares, prior to its domestication as a Delaware corporation), BYTE Merger Sub, Inc., a Washington corporation and a direct, wholly-owned subsidiary of the Issuer, and Airship AI, Inc., a Washington company (formerly known as Airship AI Holdings, Inc., "Airship AI"). The Reporting Person received the reported options upon the conversion of options to purchase shares of common stock of Airship AI at the Conversion Ratio, as defined in the Merger Agreement, as of the Effective Time of the Merger.
F2 Pursuant to earnout provisions in the Merger Agreement and subject to the Reporting Person's continued service to the Issuer and the vesting conditions applicable to the Converted Stock Options, the holder of such Earnout Rights is entitled to receive shares of common stock of the Issuer upon the occurrence of certain operating performance and share price performance milestones during the applicable earnout periods set forth in the Merger Agreement.
F3 Options vest quarterly over 4 years.