GEORGE MURNANE - 24 Sep 2024 Form 4 Insider Report for Jet.AI Inc. (JTAI)

Signature
/s/ George Murnane
Issuer symbol
JTAI
Transactions as of
24 Sep 2024
Transactions value $
$0
Form type
4
Filing time
12 Dec 2025, 14:32:23 UTC
Previous filing
20 Aug 2024
Next filing
30 Sep 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
MURNANE GEORGE III Interim CFO, Director 10845 GRIFFITH PEAK DRIVE, SUITE 200, LAS VEGAS /s/ George Murnane 12 Dec 2025 0001060584

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding JTAI Common Stock, par value $0.0001 per share 0 24 Sep 2024 Direct F1, F2

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 Stock Option (Right to Buy) Award $0 +267 $0.00 267 24 Sep 2024 Common Stock, par value $0.0001 per share 267 $24.35 Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In the reporting person's last-filed Form 4, filed on August 20, 2024, 995,754 shares of common stock, par value $0.0001 per share ("Common Stock"), of Jet.AI Inc. (the "Issuer") underlying options held by the reporting person ("Option Shares") were mistakenly included in the reporting person's 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 11 shares of Common Stock following the transactions reported in his last-filed Form 4.
F2 On November 12, 2024, the Issuer effected a 1-for-225 reverse stock split of its Common Stock (the "Reverse Split"). The 11 shares of Common Stock previously held by the reporting person were converted into less than one whole share as a result of the Reverse Split. In accordance with the terms of the Reverse Split, the Issuer cashed out fractional shares, resulting in the reporting person holding no shares of Common Stock following the Reverse Split.
F3 The exercise price, number of derivative securities, and number of underlying shares of Common Stock reported for this option reflect the Issuer's 1-for-225 Reverse Split of its Common Stock.
F4 At the recommendation of the Issuer's Compensation Committee, the Issuer's Board of Directors approved this option grant on December 26, 2023, subject to stockholder approval of an amendment to the omnibus incentive plan under which the option was granted. The Issuer's stockholders approved such amendment on September 24, 2024.
F5 This option vests monthly in equal installments beginning on January 26, 2024.