Francisco Gonzalez - 17 May 2023 Form 4 Insider Report for Sky Harbour Group Corp (SKYH)

Role: Chief Financial Officer
Signature: /s/ Gerald Adler, Attorney-in-Fact
Issuer symbol: SKYH
Transactions as of: 17 May 2023
Net transactions value: -$1,146,459
Form type: 4
Filing time: 25 Feb 2025, 21:42:14 UTC
Previous filing: 16 Feb 2023
Next filing: 20 Feb 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SKYH	Class A Common Stock	Award	$0	+144,535	+30%	$0.000000	624,535	18 Feb 2025	Direct	F1
transaction	SKYH	Class A Common Stock	Tax liability	$1,146,459	-109,709	-18%	$10.45	514,826	17 May 2023	Direct	F3, F4

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	Non-Qualified Stock Option (Right to Buy)	Award	$0	+222,541		$0.000000	222,541	18 Feb 2025	Class A Common Stock	222,541	$11.07	Direct	F2
holding	SKYH	Non-Qualified Stock Option (Right to Buy)						250,000	17 May 2023	Class A Common Stock	250,000	$11.63	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents restricted stock units ("RSUs") granted under the Sky Harbour Group Corporation 2022 Incentive Award Plan. Each RSU represents the contingent right to receive, in accordance with the terms of the applicable RSU agreement, one share of Class A Common Stock of the Issuer for each vested RSU. The RSUs vest in installments in accordance with the terms of the applicable RSU agreement, provided the reporting person remains in service through the applicable vesting date.
F2	Represents stock options granted under the Sky Harbour Group Corporation 2022 Incentive Award Plan. The stock options vest in installments in accordance with the terms of the applicable stock option agreement, provided the reporting person remains in service through the applicable vesting date.
F3	Reported amount includes 133,714 shares of Class A Common Stock and 381,112 RSUs.
F4	Represents the payment of the reporting person's tax liability by withholding shares in connection with the vesting of an aggregate of 243,423 RSUs, which occurred monthly from May 17, 2023 to February 17, 2025. The value of the vested shares and the shares withheld to satisfy U.S. Federal and state income taxes is calculated based on the weighted-average closing price on the vesting date or next preceding trading date in the case that the vesting date is a non-trading date.