MICHAEL D. WINSTON - 10 Aug 2023 Form 4 Insider Report for Jet.AI Inc. (JTAI)

Role: EXEC. CHAIRMAN & INTERIM CEO, Director, 10%+ Owner
Signature: /S/ MICHAEL D. WINSTON
Issuer symbol: JTAI
Transactions as of: 10 Aug 2023
Net transactions value: $0
Form type: 4
Filing time: 23 Aug 2023, 10:51:20 UTC
Next filing: 19 Aug 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	JTAI	COMMON STOCK, PAR VALUE $0.0001 PER SHARE	Award		+2,561,651			2,561,651	10 Aug 2023	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	JTAI	MERGER CONSIDERATION WARRANT (RIGHT TO BUY)	Award		+4,076,288			4,076,288	10 Aug 2023	COMMON STOCK, PAR VALUE $0.0001 PER SHARE	4,076,288	$15.00	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.