AIR Global officer reports 124,274 share holding
AIR Global PLC officer George Shane Stanley filed an initial ownership report showing direct holdings of 124,274 Ordinary Shares.
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Rhea-AI Filing Summary
AIR Global PLC officer George Shane Stanley filed an initial ownership report showing direct holdings of 124,274 Ordinary Shares. This amount includes 1,771 Earnout Shares that vest only if AIR Global PLC’s share price reaches or exceeds $12.50 for 20 trading days within a 30-day period or upon specified early release events. Any Earnout Shares not vested by May 14, 2031 will be forfeited. The total also includes 67,730 Ordinary Shares underlying awards granted under the company’s incentive and compensation arrangements, which vest according to their award terms.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Ordinary Shares | -- | -- | -- |
Footnotes (2)
- F1. Includes 1,771 Ordinary Shares subject to earnout conditions ("Earnout Shares"). The Earnout Shares will vest upon the earlier to occur of: (i) the closing price of the AIR Global PLC ordinary shares is at or above $12.50 for 20 trading days over a consecutive 30-day period during the Earnout Period, and (ii) certain early release events, including an AIR Global PLC merger, consolidation or reorganization in which the AIR Global PLC ordinary shares are converted or exchanged for the right to receive cash or registered publicly listed securities equal to or exceeding $12.50 per ordinary share. Any Earnout Shares that have not vested by May 14, 2031 will be forfeited.
- F2. Also includes 67,730 ordinary shares underlying awards pursuant to the Issuer's incentive and compensation arrangements, which shares vest in accordance with the terms of the underlying awards.
Key Figures
Key Terms
Earnout Period financial
incentive and compensation arrangements financial
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