Andrew Axelrod - 21 Dec 2023 Form 4 Insider Report for Global Crossing Airlines Group Inc. (JETMF)

Reporting relationship: Director, 10%+ Owner
Issuer ticker: JETMF
Reported as of: 21 Dec 2023
Net transaction value: $0
SEC form: 4
Accepted by SEC: 26 Dec 2023, 17:10:13 UTC
Prior SEC filing: 31 Aug 2023
Source filing: View source filing
Reporting owner signature: /s/ Andrew Axelrod

Key filing fact

Andrew Axelrod filed Form 4 for Global Crossing Airlines Group Inc. (JETMF) on 26 Dec 2023.

Key facts

This page summarizes Andrew Axelrod's Form 4 filing for Global Crossing Airlines Group Inc. (JETMF).
2 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 26 Dec 2023, 17:10.

Change

Previous filing in this sequence was filed on 31 Aug 2023.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

JETMF transaction Derivative

Warrants to purchase Common Stock

Disposed to Issuer

Transaction value: $0
Shares: -1,233,285
Change %: -25%
Price: $0.000000
Shares after: 3,766,715
Date: 21 Dec 2023
Ownership: See footnote
Underlying class: Common Stock
Underlying amount: 1,233,285
Exercise price: $1.00
Footnotes: F1, F2

JETMF transaction Derivative

Warrants to purchase Common Stock

Award

Transaction value: $0
Shares: +1,428,736
Change %: +38%
Price: $0.000000
Shares after: 5,195,451
Date: 21 Dec 2023
Ownership: See footnote
Underlying class: Common Stock
Underlying amount: 1,428,736
Exercise price: $1.00
Footnotes: F1, F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

Each of the Reporting Persons disclaims beneficial ownership of these securities except to the extent of his or its pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.

Footnote F2

Andrew Axelrod serves as the sole member of Axar GP, LLC, a Delaware limited liability company (the "GP"), which is the general partner of Axar Capital Management L.P., a Delaware limited partnership, that serves as the investment manager (the "Investment Manager") to certain funds and/or managed accounts (collectively, the "Axar Vehicles"), with respect to these warrants (and any common stock received upon exercise thereof) held by the Axar Vehicles.

SEC remarks

Because Mr. Axelrod serves on the board of directors of the Issuer as a representative of the Reporting Persons, each of the Investment Manager and the GP may be deemed a director of the Issuer by deputization of Mr. Axelrod.