Nicholas James Cooper - 07 Jun 2024 Form 4 Insider Report for Volato Group, Inc. (SOAR)

Role: Chief Commercial Officer, Director, 10%+ Owner
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, 18:50:27 UTC
Previous filing: 11 Dec 2023
Next filing: 31 Dec 2024
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	+346,412	+10%	$0.000000	3,812,565	07 Jun 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	SOAR	Performance-Based Restricted Stock Unit	Award	$0	+22,560		$0.000000	22,560	07 Jun 2024	Common Stock	22,560		Direct	F3

* 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	Mr. Cooper beneficially owns 3,466,153 shares of Common Stock held by Hoop Capital LLC in which Mr. Cooper holds sole voting and investment power.
F3	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.