Jet.AI Authorizes $5.0 Million Share Repurchase Program

Rhea-AI Summary

Jet.AI (Nasdaq: JTAI) announced that its Board authorized a $5.0 million share repurchase program on March 17, 2026. The program permits purchases through open-market, negotiated transactions, 10b5-1 plans, accelerated repurchases, or combinations, and may be modified or suspended at the company's discretion.

The company said repurchases will be considered when market price meaningfully understates intrinsic value and when buybacks compete favorably with other capital uses, while preserving financial flexibility for projects and opportunities.

Positive

• Board-authorized $5.0M buyback program
• Repurchases may improve per-share economics if executed
• Use of 10b5-1 plans and varied methods provides execution flexibility

Negative

• Program does not commit to repurchase any minimum shares
• Buybacks may reduce cash available for other investments such as projects

Key Figures

Share repurchase authorization: $5.0 million Milestone completed: Milestone 3

2 metrics

Share repurchase authorization $5.0 million Maximum aggregate amount for common stock buybacks under new program

Milestone completed Milestone 3 Completion of remaining Midwestern project objectives referenced as prior-day event

Market Reality Check

Price: $0.0951 Vol: Volume 7,972,703 is below...

low vol

$0.0951 Last Close

Volume Volume 7,972,703 is below 20-day average 19,303,512 (relative volume 0.41x). low

Technical Price $0.0951 is well below 200-day MA $2.22 and 98.5% under the 52-week high.

Peers on Argus

Before this buyback news, JTAI was down 1.55% with peers mixed: MASK -5.28%, RYD...

1 Up 2 Down

Before this buyback news, JTAI was down 1.55% with peers mixed: MASK -5.28%, RYDE -4.14% (both down), while ORKT rose 6.72%. This points to broader sector volatility rather than a purely idiosyncratic move.

Historical Context

5 past events · Latest: Mar 16 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Mar 16	Data center milestone	Positive	-0.5%	Completion of Milestone 3 for Midwestern and Maritime hyperscale campuses.
Mar 09	Full-year results	Positive	-5.8%	Reported 2025 net income, stronger cash, no debt and access to shelf.
Feb 13	Rights plan adoption	Negative	-25.4%	Adopted limited-duration stockholder rights plan with 10% ownership trigger.
Feb 12	Merger amendment	Positive	-0.3%	Removed $50M financing condition and confirmed sufficient working capital.
Feb 02	Shareholder letter	Positive	+28.0%	Outlined data center plans, aviation unit sale, and AIIA sponsor stake value.

Pattern Detected

Recent fundamentally positive or strategic updates often saw negative or muted next-day reactions, with only the shareholder letter showing a strong positive move.

Recent Company History

This announcement fits into a busy period for Jet.AI. In early February 2026, the company updated its capital structure alongside the flyExclusive merger and later adopted a limited-duration rights plan. The 2026 shareholder letter highlighted data center development and balance sheet metrics, followed by full-year 2025 financials showing a swing to profitability and higher cash. Yesterday’s Milestone 3 completion advanced the Canadian hyperscale data center projects. Today’s $5.0 million repurchase authorization adds another capital allocation signal against that backdrop of strategic pivot and activist scrutiny.

Regulatory & Risk Context

Active S-3 Shelf · $250 million

Shelf Active

Active S-3 Shelf Registration 2026-01-28

$250 million registered capacity

An effective S-3 mixed shelf filed on 2026-01-28 allows Jet.AI to issue up to $250 million of various securities over time, with proceeds earmarked for AI data center projects, related infrastructure activities, operations, and potential acquisitions. Usage_count is 0, indicating no takedowns from this shelf have been executed yet.

Market Pulse Summary

This announcement introduces a $5.0 million share repurchase program at a time when Jet.AI trades ab...

Analysis

This announcement introduces a $5.0 million share repurchase program at a time when Jet.AI trades about 98.5% below its 52-week high and has an effective $250 million shelf to fund capital-intensive AI data center projects. Recent filings highlight a strategic pivot away from aviation, ongoing merger activity, and activist scrutiny of dilution and governance. Investors may watch actual buyback execution, future use of the shelf, progress on hyperscale milestones, and any further responses to stockholder concerns.

Key Terms

share repurchase program, rule 10b5-1, block trades, accelerated share repurchase, +1 more

5 terms

share repurchase program financial

"has approved a share repurchase program authorizing the Company to repurchase up to $5.0 million"

A share repurchase program is when a company buys back its own shares from the marketplace. This reduces the total number of shares available, which can increase the value of each remaining share and signal confidence in the company's prospects. For investors, it often suggests that the company believes its stock is undervalued or that it has extra cash to return to shareholders.

rule 10b5-1 regulatory

"subject to market conditions, pursuant to Rule 10b5-1 of the Securities Exchange Act of 1934"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

block trades financial

"which may include open market purchases, privately negotiated transactions, block trades, accelerated"

A block trade is a single, large buy or sell of shares or bonds arranged privately between big traders rather than piecemeal on the public market. Think of it like buying a whole shipment at once instead of many small shopping trips; it lets large holders move big positions with less immediate disruption but can signal strong buying or selling pressure and cause price swings once the trade is known, so investors watch block trades for clues about market sentiment and liquidity.

accelerated share repurchase financial

"block trades, accelerated share repurchase transactions, purchases through 10b5-1 trading plans"

An accelerated share repurchase is a deal where a company hires a bank to buy back a large block of its own stock immediately on the open market, with the bank later settling the exact number of shares over time. For investors it matters because the immediate reduction in shares outstanding can raise per‑share earnings and often supports the stock price, but it also uses company cash or borrowing and can change liquidity and future growth funding.

10b5-1 trading plans regulatory

"accelerated share repurchase transactions, purchases through 10b5-1 trading plans, or by any combination"

A 10b5-1 trading plan is a written, pre-set schedule that lets company insiders automatically buy or sell stock at specified times or prices, similar to setting up automatic bill payments. It matters to investors because it lowers the chance that executives are trading based on secret information and provides a clear record of planned trades, helping markets judge whether insider sales reflect business fundamentals or personal needs.

AI-generated analysis. Not financial advice.

Las Vegas, NV, March 17, 2026 (GLOBE NEWSWIRE) -- Jet.AI Inc. ("Jet.AI" or the "Company") (Nasdaq: JTAI), an emerging provider of high-performance GPU infrastructure and AI cloud services, announced today that its Board of Directors has approved a share repurchase program authorizing the Company to repurchase up to $5.0 million of its common stock.

“With the Midwestern project now supported by a clear natural gas power supply pathway and the completion of all remaining Milestone 3 objectives announced yesterday, we have authorized a $5 million share repurchase program,” said Mike Winston, Founder and Executive Chairman of Jet.AI. “This decision reflects our commitment to disciplined, flexible capital allocation. Repurchases will be considered when we believe the market price meaningfully understates intrinsic value and when buybacks compete favorably relative to other uses of capital. When executed thoughtfully, buybacks allow continuing shareholders to increase their ownership in the Company’s underlying assets, improve per-share economics over time, and signal management’s confidence in the long-term value of the business, while still preserving the financial flexibility needed to pursue attractive opportunities as they arise.”

Under the stock repurchase program, the Company may buy back its common stock from time to time, in amounts, at prices, and at such times as the Company deems appropriate, subject to market conditions, pursuant to Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, and federal and state laws governing such transactions, through a variety of methods, which may include open market purchases, privately negotiated transactions, block trades, accelerated share repurchase transactions, purchases through 10b5-1 trading plans, or by any combination of such methods. The repurchase program does not oblige the Company to acquire any specific number of shares and may be modified, discontinued, or suspended at any time.

About Jet.AI
Jet.AI Inc. is a technology-driven company focused on deploying artificial intelligence tools and infrastructure to enhance decision-making, efficiency, and performance across complex systems. The Company is listed on the Capital Market of the Nasdaq Stock Market LLC under the ticker symbol "JTAI".

Forward-Looking Statements
This press release contains certain statements that may be deemed to be "forward-looking statements" within the meaning of the federal securities laws, including the safe harbor provisions under the Private Securities Litigation Reform Act of 1995, with respect to the products and services offered by Jet.AI and the markets in which it operates, Jet.AI's projected future results, and Jet.AI’s perception of market conditions. Statements that are not historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements relate to future events or our future performance or future financial condition. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about our Company, our industry, our beliefs and our assumptions. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions or the negative of these terms or other similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties that could cause the actual results to differ materially from the expected results. As a result, caution must be exercised in relying on forward-looking statements, which speak only as of the date they were made. Factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements can be found in the Company's most recent Annual Report on Form 10-K and subsequent reports filed with the Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Readers are cautioned not to put undue reliance on forward-looking statements, and Jet.AI assumes no obligation and does not intend to update or revise these forward-looking statements, whether because of new information, future events, or otherwise, except as provided by law.

Jet.AI Investor Relations:
Gateway Group, Inc.
949-574-3860
Jet.AI@gateway-grp.com

FAQ

What did Jet.AI (JTAI) authorize on March 17, 2026 regarding share repurchases?

Jet.AI authorized a $5.0 million share repurchase program effective March 17, 2026. According to the company, the Board approved repurchases up to $5.0 million, with purchases allowed via open-market, negotiated transactions, 10b5-1 plans, block trades, or accelerated repurchase methods.

How will Jet.AI execute the JTAI buyback program and what methods are allowed?

Jet.AI may repurchase shares via open-market, negotiated trades, block trades, 10b5-1 plans, or accelerated repurchases. According to the company, the program allows a combination of these methods subject to market conditions and applicable federal and state laws.

Does the JTAI repurchase program require Jet.AI to buy a minimum number of shares?

No — the program does not obligate Jet.AI to acquire a specific number of shares. According to the company, repurchases are discretionary and may be modified, discontinued, or suspended at any time based on market conditions and capital needs.

What rationale did Jet.AI give for authorizing the $5.0 million buyback (JTAI)?

Jet.AI said the buyback reflects disciplined, flexible capital allocation and confidence in long-term value. According to the company, repurchases will be considered when market price understates intrinsic value and when buybacks compete favorably with alternate uses of capital.

How might the JTAI buyback affect existing Jet.AI shareholders?

If executed, repurchases could increase existing shareholders' ownership percentage and improve per-share economics over time. According to the company, thoughtful buybacks are intended to boost per-share metrics while preserving flexibility for projects and growth opportunities.