Thomas James Segrave Jr. - 18 Feb 2026 Form 4 Insider Report for FLYEXCLUSIVE INC. (FLYX)

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: /s/ Donald R. Reynolds, Attorney-in-Fact for Thomas James Segrave, Jr.
Issuer symbol: FLYX
Transactions as of: 18 Feb 2026
Net transactions value: $0
Form type: 4
Filing time: 20 Feb 2026, 16:13:22 UTC
Previous filing: 12 Dec 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Segrave Thomas James Jr.	Chief Executive Officer, Director, 10%+ Owner	C/O FLYEXCLUSIVE INC., 2860 JETPORT ROAD, KINSTON	/s/ Donald R. Reynolds, Attorney-in-Fact for Thomas James Segrave, Jr.	20 Feb 2026	0002002475

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FLYX	Class A Common Stock	Conversion of derivative security	$0	+10,000,000		$0.000000	10,000,000	18 Feb 2026	Direct	F1, F2
transaction	FLYX	Class B Common Stock	Conversion of derivative security	$0	-10,000,000	-17%	$0.000000	47,530,000	18 Feb 2026	Direct	F1, F2
holding	FLYX	Class B Common Stock						600,000	18 Feb 2026	By UTMA on behalf of minor child	F3
holding	FLYX	Class B Common Stock						600,000	18 Feb 2026	By UTMA on behalf of minor child	F3
holding	FLYX	Class B Common Stock						600,000	18 Feb 2026	By UTMA on behalf of minor child	F3
holding	FLYX	Class B Common Stock						600,000	18 Feb 2026	By UTMA on behalf of minor child	F3

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	FLYX	Common Units	Conversion of derivative security	$0	-10,000,000	-17%	$0.000000	47,530,000	18 Feb 2026	Class A Common Stock	10,000,000		Direct	F1, F2
holding	FLYX	Common Units						600,000	18 Feb 2026	Class A Common Stock	600,000		By UTMA on behalf of minor child	F1, F2, F3
holding	FLYX	Common Units						600,000	18 Feb 2026	Class A Common Stock	600,000		By UTMA on behalf of minor child	F1, F2, F3
holding	FLYX	Common Units						600,000	18 Feb 2026	Class A Common Stock	600,000		By UTMA on behalf of minor child	F1, F2, F3
holding	FLYX	Common Units						600,000	18 Feb 2026	Class A Common Stock	600,000		By UTMA on behalf of minor child	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 EQ Acquisition Corp. and LGM Enterprise, LLC ("LGM") on December 27, 2023, each existing common unit previously issued by LGM was reclassified and reissued into new Common Units on a one-for-one basis, together with an equivalent number of Class B Common Stock of the Issuer. Each Common Unit, together with a corresponding share of Class B Common Stock, is redeemable on a one-for-one basis for a share of Class A Common Stock pursuant to the Issuer's organizational documents and exchange agreement.
F2	The reported transaction represents an administrative conversion effected through the redemption of Common Units and corresponding cancellation of Class B Common Stock in exchange for Class A Common Stock. No shares were sold in connection with this transaction, and the Reporting Person did not receive any cash proceeds. The Reporting Person's aggregate economic and beneficial ownership, voting power, and percentage ownership of the Issuer remain unchanged following the transaction, except for the change in share class designation. No shares were sold or are intended to be sold in connection with this transaction. The conversion was undertaken for long-term structural and administrative planning purposes and was not effected pursuant to any plan or arrangement to dispose of shares.
F3	These securities are held for the Reporting Person's child through a custodial account established pursuant to the Uniform Transfer to Minor Act for which the Reporting Person is custodian. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, if any, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.