Keith Rabin - 07 Jun 2024 Form 4 Insider Report for Volato Group, Inc. (SOAR)

Role
President
Signature
/s/ Jennifer Liotta, by Power of Attorney
Issuer symbol
SOAR
Transactions as of
07 Jun 2024
Net transactions value
$0
Form type
4
Filing time
11 Jun 2024, 18:48:54 UTC
Previous filing
11 Dec 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SOAR Common Stock Award $0 +26,877 $0.000000 26,877 07 Jun 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 +55,000 $0.000000 55,000 07 Jun 2024 Common Stock 55,000 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. The RSU 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.
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.