Red Oak Partners, LLC - 20 Feb 2025 Form 4 Insider Report for Global Crossing Airlines Group Inc. (JETMF)

Role
10%+ Owner
Signature
David Sandberg
Issuer symbol
JETMF
Transactions as of
20 Feb 2025
Net transactions value
+$5,534,074
Form type
4
Filing time
24 Feb 2025, 17:37:56 UTC
Previous filing
23 Dec 2024
Next filing
07 Apr 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JETMF Common Stock Purchase $376,366 +516,277 +10% $0.7290 5,529,498 20 Feb 2025 By The Red Oak Fund, LP directly F1, F3
transaction JETMF Common Stock Purchase $206,834 +283,723 +11% $0.7290 2,896,169 20 Feb 2025 By The Red Oak Long Fund, L.P. directly F2, 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 JETMF Class B Non-Voting Common Stock Purchase $550,477 +787,521 +7246% $0.6990 798,389 20 Feb 2025 Common Stock 787,521 $0.000000 By The Red Oak Fund, LP directly F1, F3, F5
transaction JETMF Class B Non-Voting Common Stock Purchase $288,323 +412,479 +7324% $0.6990 418,111 20 Feb 2025 Common Stock 412,479 $0.000000 By The Red Oak Long Fund, L.P. directly F2, F3, F5
transaction JETMF Class A Non-Voting Common Stock Purchase $2,649,287 +3,634,139 $0.7290 3,634,139 20 Feb 2025 Common Stock 3,634,139 $0.000000 By The Red Oak Fund, LP directly F1, F3, F5
transaction JETMF Class A Non-Voting Common Stock Purchase $1,387,414 +1,903,174 $0.7290 1,903,174 20 Feb 2025 Common Stock 1,903,174 $0.000000 By The Red Oak Long Fund, L.P. directly F2, F3, F5
transaction JETMF Warrants Purchase $49,467 +4,946,739 $0.0100 4,946,739 20 Feb 2025 Common Stock 4,946,739 $1.50 By The Red Oak Fund, LP directly F1, F3, F4
transaction JETMF Warrants Purchase $25,906 +2,590,574 $0.0100 2,590,574 20 Feb 2025 Common Stock 2,590,574 $1.50 By The Red Oak Long Fund, L.P. directly F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Red Oak Partners, LLC ("ROP") serves as the general partner of The Red Oak Fund, LP, a Delaware limited partnership (the "Fund"), the direct owner of the subject securities. David Sandberg is the managing member of ROP and the Fund's portfolio manager.
F2 ROP serves as the general partner of The Red Oak Long Fund, LP, a Delaware limited partnership (the "Long Fund"), the direct owner of the subject securities. David Sandberg is the managing member of ROP and the Long Fund's portfolio manager.
F3 Each Reporting Person disclaims beneficial ownership of all securities reported herein, except to the extent of their pecuniary interest therein, if any, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the shares for purposes of Section 16 of the Securities and Exchange Act of 1934 or for any other purpose.
F4 Warrants may not be exercised to the extent that, after giving effect to such exercise, the Reporting Persons would beneficially own in excess of 4.99% of the issued and outstanding common stock after such exercise.
F5 Immediately exercisable and do not expire.