Patrick McNulty - 25 Jul 2024 Form 4 Insider Report for Jet.AI Inc. (JTAI)

Role: Chief Operating Officer
Signature: /s/ Patrick McNulty
Issuer symbol: JTAI
Transactions as of: 25 Jul 2024
Net transactions value: $0
Form type: 4
Filing time: 09 Sep 2024, 20:10:18 UTC
Previous filing: 28 Sep 2023
Next filing: 12 Dec 2025
SEC: View on sec.gov

Key filing fact

Patrick McNulty filed Form 4 for Jet.AI Inc. (JTAI) on 09 Sep 2024.

Key facts

This page summarizes Patrick McNulty's Form 4 filing for Jet.AI Inc. (JTAI).
2 reported transactions and 1 derivative row are listed below.
Filing timestamp: 09 Sep 2024, 20:10.

Change

Previous filing in this sequence was filed on 28 Sep 2023.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Transactions Table

JTAI transaction

Common Stock, par value $0.0001

Purchase

Transaction value
Shares: +7
Change %: +175%
Price
Shares after: 11
Date: 25 Jul 2024
Ownership: Direct
Footnotes: F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

JTAI transaction Derivative

Merger Consideration Warrant (Right to Buy)

Sale

Transaction value
Shares: -6
Change %: -100%
Price
Shares after: 0
Date: 25 Jul 2024
Ownership: Direct
Underlying class: Common Stock, par value $0.0001 per share
Underlying amount
Exercise price
Footnotes: 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 six Merger Consideration Warrants (each, a "Warrant") of Jet.AI Inc. (the "Issuer") in exchange for seven shares of the Issuer's common stock, par value $0.0001 per share (or 1.0133 shares of common stock per Warrant, rounded up to the nearest whole share), pursuant to the terms of the Issuer's exchange offer (the "Exchange Offer").
F2	In the reporting person's last filed Form 4, filed on September 28, 2023, the reporting person mistakenly included 84,552 shares of the Issuer's common stock underlying options held by the reporting person ("Option Shares") in his reported aggregate holdings of common stock in Table I of the Form 4. Excluding such Option Shares, which had been correctly reported as part of the reporting person's Table II holdings of derivative securities in a Form 4 filed on August 23, 2023, the reporting person actually held four shares of common stock at the time his last Form 4 was filed. Adding the seven shares of common stock the reporting person received pursuant to the terms of the Exchange Offer, the reporting person now owns 11 shares of common stock.

Content

The reporting person disposed of six Merger Consideration Warrants (each, a "Warrant") of Jet.AI Inc. (the "Issuer") in exchange for seven shares of the Issuer's common stock, par value $0.0001 per share (or 1.0133 shares of common stock per Warrant, rounded up to the nearest whole share), pursuant to the terms of the Issuer's exchange offer (the "Exchange Offer").

In the reporting person's last filed Form 4, filed on September 28, 2023, the reporting person mistakenly included 84,552 shares of the Issuer's common stock underlying options held by the reporting person ("Option Shares") in his reported aggregate holdings of common stock in Table I of the Form 4. Excluding such Option Shares, which had been correctly reported as part of the reporting person's Table II holdings of derivative securities in a Form 4 filed on August 23, 2023, the reporting person actually held four shares of common stock at the time his last Form 4 was filed. Adding the seven shares of common stock the reporting person received pursuant to the terms of the Exchange Offer, the reporting person now owns 11 shares of common stock.