Eric Brian Robinson - 12 Jan 2024 Form 3 Insider Report for New Horizon Aircraft Ltd. (HOVR)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
3
Accepted by SEC
05 Mar 2024, 10:03:45 UTC
Prior SEC filing
01 Dec 2021
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Eric Brian Robinson

Key filing fact

Eric Brian Robinson filed Form 3 for New Horizon Aircraft Ltd. (HOVR) on 05 Mar 2024.

Key facts

  • This page summarizes Eric Brian Robinson's Form 3 filing for New Horizon Aircraft Ltd. (HOVR).
  • 0 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 05 Mar 2024, 10:03.

Change

  • Previous filing in this sequence was filed on 01 Dec 2021.
  • 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

Official SEC source

Ownership activity is grounded in SEC Form 3 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

HOVR holding

Class A Ordinary Shares

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
23,187
Date
12 Jan 2024
Ownership
Direct
Footnotes
F1
HOVR holding

Class A Ordinary Shares

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
2,317,510
Date
12 Jan 2024
Ownership
Held by Robinson Family Ventures Inc.
Footnotes
F2, F3

Reported derivative securities

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

HOVR holding Derivative

Employee Stock Option (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
12 Jan 2024
Ownership
Direct
Underlying class
Class A Ordinary Shares
Underlying amount
143,213
Exercise price
$0.6797
Footnotes
F4, F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Received in exchange for 27,467 shares of Robinson Aircraft ltd. d/b/a Horizon Air ("Horizon" in connection with the January 12, 2024 amalgamation (the "Amalgamation") of Horizon and Pono Capital Three, Inc. to form New Horizon Aircraft, Ltd.

Footnote F2

Received in exchange for 2,745,326 shares of Horizon in connection with the Amalgamation.

Footnote F3

The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or any other purpose.

Footnote F4

Received in the Amalgamation in exchange for an existing option to acquire 138,600 shares of Horizon for C$0.76 per share. The options were originally issued on August 2, 2022, with a three-year vesting period (33% vesting annually).

Footnote F5

Converted from Canadian exercise price of C$0.91 using an exchange rate of C$1.3387 = US$1.00.

SEC remarks

The Reporting Person was originally included as a named executive officer of the Issuer as of the January 12, 2024 Amalgamation closing date; however, on January 13, 2024, the position was determined not constitute a Section 16 officer position.

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