Mark Heinen - Jun 7, 2024 Form 4 Insider Report for Volato Group, Inc. (SOAR)

Role: Chief Financial Officer
Signature: /s/ Jennifer Liotta, by Power of Attorney
Stock symbol: SOAR
Transactions as of: Jun 7, 2024
Transactions value $: $0
Form type: 4
Date filed: 6/11/2024, 06:48 PM
Previous filing: Jun 10, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SOAR	Common Stock	Award	$0	+139K	+1640.74%	$0.00	148K	Jun 7, 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	SOAR	Performance-Based Restricted Stock Unit	Award	$0	+47.8K		$0.00	47.8K	Jun 7, 2024	Common Stock	47.8K		Direct	F2

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

Explanation of Responses:

Id	Content
F1	The shares represent Restricted Stock Units ("RSUs") granted on June 7, 2024. Each RSU represents a contingent right to receive one share of the Issuer's Common Stock. 123,038 RSU's shall vest 25% of the shares subject to 12 months of continuous employment on the vesting commencement date and 1/48th shall vest subject to continuous employment thereafter. 16,425 RSU's shall vest 25% of the shares subject to 12 months of continuous employment the vesting commencement date and 1/48th shall vest subject to continuous employment thereafter.
F2	Each Performance-Based RSU represents a contingent right to receive one share of SOAR common stock. The performance rights vest upon SOAR's common stock achieving a specified price per share.

Content

The shares represent Restricted Stock Units ("RSUs") granted on June 7, 2024. Each RSU represents a contingent right to receive one share of the Issuer's Common Stock. 123,038 RSU's shall vest 25% of the shares subject to 12 months of continuous employment on the vesting commencement date and 1/48th shall vest subject to continuous employment thereafter. 16,425 RSU's shall vest 25% of the shares subject to 12 months of continuous employment the vesting commencement date and 1/48th shall vest subject to continuous employment thereafter.

Each Performance-Based RSU represents a contingent right to receive one share of SOAR common stock. The performance rights vest upon SOAR's common stock achieving a specified price per share.