Ran David - Aug 10, 2023 Form 4 Insider Report for Jet.AI Inc. (JTAI)

Role: Director
Signature: /S/ RAN DAVID
Stock symbol: JTAI
Transactions as of: Aug 10, 2023
Transactions value $: $0
Form type: 4
Date filed: 8/23/2023, 12:09 PM

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Shares	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	JTAI	STOCK OPTION (RIGHT TO BUY)	Award	+18K	18K	Aug 10, 2023	COMMON STOCK, PAR VALUE $0.0001 PER SHARE	18K	$4.17	Direct	F1
transaction	JTAI	STOCK OPTION (RIGHT TO BUY)	Award	+54K	54K	Aug 10, 2023	COMMON STOCK, PAR VALUE $0.0001 PER SHARE	54K	$4.17	Direct	F1
transaction	JTAI	STOCK OPTION (RIGHT TO BUY)	Award	+72K	72K	Aug 10, 2023	COMMON STOCK, PAR VALUE $0.0001 PER SHARE	72K	$4.17	Direct	F1
transaction	JTAI	STOCK OPTION (RIGHT TO BUY)	Award	+30.9K	30.9K	Aug 10, 2023	COMMON STOCK, PAR VALUE $0.0001 PER SHARE	30.9K	$10.42	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Received in connection with Oxbridge Acquisition Corp.'s business combination transaction with Jet Token Inc. in accordance with the terms of the Business Combination Agreement and Plan of Reorganization, dated February 24, 2023, as amended by Amendment No. 1 to the Business Combination Agreement, dated May 11, 2023, by and among Oxbridge Acquisition Corp., OXAC Merger Sub I, Inc., Summerlin Aviation LLC, and Jet Token Inc.

Content

Received in connection with Oxbridge Acquisition Corp.'s business combination transaction with Jet Token Inc. in accordance with the terms of the Business Combination Agreement and Plan of Reorganization, dated February 24, 2023, as amended by Amendment No. 1 to the Business Combination Agreement, dated May 11, 2023, by and among Oxbridge Acquisition Corp., OXAC Merger Sub I, Inc., Summerlin Aviation LLC, and Jet Token Inc.