Derek Xu - 18 Dec 2025 Form 4 Insider Report for Airship AI Holdings, Inc. (AISP)

Role
Chief Operating Officer, Director, 10%+ Owner
Signature
By: /s/ Derek Xu
Issuer symbol
AISP
Transactions as of
18 Dec 2025
Net transactions value
$0
Form type
4
Filing time
18 Dec 2025, 16:22:02 UTC
Previous filing
06 Oct 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Xu Derek Chief Operating Officer, Director, 10%+ Owner C/O AIRSHIP AI HOLDINGS, INC., 8210 154TH AVE NE, REDMOND By: /s/ Derek Xu 18 Dec 2025 0002004130
This filing has been restated, see here for the amended filing

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AISP Common Stock Gift $0 -2,063,322 -29% $0.000000 5,148,171 18 Dec 2025 See footnote F1, F2
transaction AISP Common Stock Gift $0 +1,031,661 $0.000000 1,031,661 18 Dec 2025 AX Redmond Capital Trust
transaction AISP Common Stock Gift $0 +1,031,661 $0.000000 1,031,661 18 Dec 2025 VX Redmond Capital Trust
holding AISP Common Stock 74,719 18 Dec 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 Warrants 1,344,951 18 Dec 2025 Common Stock 1,344,951 $1.77 Direct F3
holding AISP Earnout Rights 1,406,484 18 Dec 2025 Common Stock 1,406,484 See footnote F2, F4
holding AISP Earnout Rights 224,158 18 Dec 2025 Common Stock 224,158 Direct F4
holding AISP Options 100,000 18 Dec 2025 Common Stock 100,000 $2.86 Direct F5
holding AISP Options 50,000 18 Dec 2025 Common Stock 50,000 $4.25 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of common stock of the Issuer received on December 21, 2023, as consideration 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 shares in exchange for 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 Airship Redmond Family Limited Partnership is the record holder of the securities reported herein. Derek Xu is the managing partner of Airship Redmond Family Limited Partnership and as such has voting and dispositive power over these securities. Mr. Xu disclaims beneficial ownership of the securities held by Airship Redmond Family Limited Partnership, except to the extent of his pecuniary interest therein.
F3 Represents warrants to purchase shares of common stock of the Issuer received by the Reporting Person on December 21, 2023, pursuant to the Merger Agreement, upon the conversion of warrants 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.
F4 Pursuant to earnout provisions in the Merger Agreement, 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.
F5 Options vest quarterly over 4 years.