MICHAEL D. WINSTON - 25 Jul 2024 Form 4 Insider Report for Jet.AI Inc. (JTAI)

Role: Exec. Chairman; Interim CEO, Director, 10%+ Owner
Signature: /s/ Michael D. Winston
Issuer symbol: JTAI
Transactions as of: 25 Jul 2024
Net transactions value: $0
Form type: 4
Filing time: 19 Aug 2024, 16:15:05 UTC
Previous filing: 21 Aug 2023
Next filing: 12 Dec 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	JTAI	Common Stock, par value $0.0001	Purchase		+4,130,503	+161%		6,692,154	25 Jul 2024	Direct	F1

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	JTAI	Merger Consideration Warrant (Right to Buy)	Sale		-4,076,288	-100%		0	25 Jul 2024	Common Stock, par value $0.0001 per share			Direct	F1

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

Explanation of Responses:

Id	Content
F1	The reporting person disposed of 4,076,288 Merger Consideration Warrants (each, a "Warrant") in exchange for 4,130,503 shares of common stock, par value $0.0001 per share (or 1.0133 shares of common stock per Warrant), of Jet.AI Inc.(the "Issuer") pursuant to the terms of the Issuer's exchange offer.