Matthew Liotta - 01 Jan 2025 Form 4 Insider Report for Volato Group, Inc. (SOAR)

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: /s/Mark Heinen
Issuer symbol: SOAR
Transactions as of: 01 Jan 2025
Net transactions value: $0
Form type: 4
Filing time: 09 May 2025, 17:10:48 UTC
Previous filing: 12 Dec 2024
Next filing: 18 Nov 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Liotta Matthew	Chief Executive Officer, Director, 10%+ Owner	C/O VOLATO GROUP, INC., 1954 AIRPORT ROAD, UNIT 124, CHAMBLEE	/s/Mark Heinen	08 May 2025	0002003587

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SOAR	Common Stock	Award	$0	+45,000	+0.85%	$0.000000	5,359,474	07 May 2025	Direct	F1
transaction	SOAR	Common Stock	Options Exercise	$0	+2,903	+1%	$0.000000	282,167	25 Feb 2025	Held by Spouse	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	+7,645		$0.000000	7,645	01 Jan 2025	Common Stock	7,645		Held by Spouse	F2, F3
transaction	SOAR	Performance-Based Restricted Stock Unit	Options Exercise	$0	-2,903	-38%	$0.000000	4,742	25 Feb 2025	Common Stock	2,903		Held by Spouse	F2, F3

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

Explanation of Responses:

Id	Content
F1	The shares represent a restricted stock award (RSA) granted under the 2023 Stock Incentive Plan. The RSA vested immediately. The award of the RSA is exempt from Section 16(b) of the Securities Exchange Act of 1934, as amended, pursuant to Rule 16b-3(d)(1) promulgated thereunder.
F2	The late filing is due to an inadvertent administrative error and not any error of the reporting person.
F3	Each Performance-Based RSU represents a contingent right to receive one share of SOAR common stock. The performance rights vest upon Ms. Liotta completing consulting related services.