George Murnane III - 24 Sep 2024 Form 4 Insider Report for Jet.AI Inc. (JTAI)

Reporting relationship: Interim CFO, Director
Issuer ticker: JTAI
Reported as of: 24 Sep 2024
Net transaction value: $0
SEC form: 4
Accepted by SEC: 12 Dec 2025, 14:32:23 UTC
Prior SEC filing: 20 Aug 2024
Next SEC filing: 30 Sep 2025
Source filing: View source filing
Reporting owner signature: /s/ George Murnane

Key filing fact

George Murnane III filed Form 4 for Jet.AI Inc. (JTAI) on 12 Dec 2025.

Key facts

This page summarizes George Murnane III's Form 4 filing for Jet.AI Inc. (JTAI).
1 reported transaction and 1 derivative row are listed below.
Accepted by SEC: 12 Dec 2025, 14:32.

Change

Previous filing in this sequence was filed on 20 Aug 2024.
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

Reporting Owners (1)

CIK 0001060584 Primary reporting owner

MURNANE GEORGE III

Relationship: Interim CFO, Director
Address: 10845 GRIFFITH PEAK DRIVE, SUITE 200, LAS VEGAS
Signature: /s/ George Murnane
Signature date: 12 Dec 2025

Reported non-derivative transactions

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

JTAI holding

Common Stock, par value $0.0001 per share

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 0
Date: 24 Sep 2024
Ownership: Direct
Footnotes: F1, F2

Reported derivative securities

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

JTAI transaction Derivative

Stock Option (Right to Buy)

Award

Transaction value: $0
Shares: +267
Change %
Price: $0.000000
Shares after: 267
Date: 24 Sep 2024
Ownership: Direct
Underlying class: Common Stock, par value $0.0001 per share
Underlying amount: 267
Exercise price: $24.35
Footnotes: F3, 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

In the reporting person's last-filed Form 4, filed on August 20, 2024, 995,754 shares of common stock, par value $0.0001 per share ("Common Stock"), of Jet.AI Inc. (the "Issuer") underlying options held by the reporting person ("Option Shares") were mistakenly included in the reporting person's reported aggregate holdings of Common Stock in Table I of the Form 4. Excluding such Option Shares, which had been correctly reported as part of the reporting person's Table II holdings of derivative securities in a Form 4 filed on August 23, 2023, the reporting person actually held 11 shares of Common Stock following the transactions reported in his last-filed Form 4.

Footnote F2

On November 12, 2024, the Issuer effected a 1-for-225 reverse stock split of its Common Stock (the "Reverse Split"). The 11 shares of Common Stock previously held by the reporting person were converted into less than one whole share as a result of the Reverse Split. In accordance with the terms of the Reverse Split, the Issuer cashed out fractional shares, resulting in the reporting person holding no shares of Common Stock following the Reverse Split.

Footnote F3

The exercise price, number of derivative securities, and number of underlying shares of Common Stock reported for this option reflect the Issuer's 1-for-225 Reverse Split of its Common Stock.

Footnote F4

At the recommendation of the Issuer's Compensation Committee, the Issuer's Board of Directors approved this option grant on December 26, 2023, subject to stockholder approval of an amendment to the omnibus incentive plan under which the option was granted. The Issuer's stockholders approved such amendment on September 24, 2024.

Footnote F5

This option vests monthly in equal installments beginning on January 26, 2024.