Airship AI (AISP) CEO-associated entity buys 6,000 public warrants
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Airship AI Holdings, Inc. reported that an entity associated with CEO and Chairman Victor Huang bought 6,000 Public Warrants (AISPW shares) in an open-market purchase at $1.45 per warrant on August 29, 2025. The filing also lists Huang’s direct and indirect holdings in common stock, options, stock appreciation rights, warrants, public warrants, and earnout rights as of that date, many of which were originally received in connection with the company’s December 21, 2023 merger and related earnout and equity award terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 6,000 shares ($8,700)
Net Buy
11 txns
Insider
Huang Victor
Role
CEO and Chairman of the BOD
Bought
6,000 shs ($9K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Public Warrant (AISPW shares) | 6,000 | $1.45 | $9K |
| holding | Options | -- | -- | -- |
| holding | Stock Appreciation Rights | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
| holding | Earnout Rights | -- | -- | -- |
| holding | Options | -- | -- | -- |
| holding | Warrant | -- | -- | -- |
| holding | Public Warrant (AISPW shares) | -- | -- | -- |
| holding | Options | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Public Warrant (AISPW shares) — 6,000 shares (Indirect, See footnote);
Options — 1,749,335 shares (Indirect, See footnote);
Stock Appreciation Rights — 1,758,105 shares (Indirect, See footnote);
Warrants — 1,344,951 shares (Direct);
Earnout Rights — 1,750,094 shares (Indirect, See footnote);
Options — 100,000 shares (Direct);
Warrant — 220,000 shares (Direct);
Public Warrant (AISPW shares) — 84,125 shares (Direct);
Common Stock — 143,849 shares (Direct);
Common Stock — 3,767,718 shares (Indirect, See footnote)
Footnotes (1)
- Represents shares of common stock of the Issuer received on December 21, 2023, as consideration pursuant to that certain Merger Agreement, dated as of June 27, 2023 (as amended on September 22, 2023 and as may be further amended and/or restated from time to time, the "Merger Agreement"), by and among Airship AI Holdings, Inc., a Delaware corporation (the "Issuer") (formerly known as BYTE Acquisition Corp., a Cayman Island exempted company limited by shares, prior to its domestication as a Delaware corporation), BYTE Merger Sub, Inc., a Washington corporation and a direct, wholly-owned subsidiary of the Issuer, and Airship AI, Inc., a Washington company (formerly known as Airship AI Holdings, Inc., "Airship AI"). The Reporting Person received the reported shares in exchange for shares of common stock of Airship AI at the Conversion Ratio, as defined in the Merger Agreement, as of the Effective Time of the Merger. Airship Kirkland Family Limited Partnership is the record holder of the securities reported herein. Victor Huang is the managing partner of Airship Kirkland Family Limited Partnership and as such has voting and dispositive power over these securities. Mr. Huang disclaims beneficial ownership of the securities held by Airship Kirkland Family Limited Partnership, except to the extent of his pecuniary interest therein. Represents options to purchase shares of common stock of the Issuer received on December 21, 2023, pursuant to the Merger Agreement, upon the conversion of options to purchase shares of common stock of Airship AI at the Conversion Ratio, as defined in the Merger Agreement, as of the Effective Time of the Merger. Represents stock appreciation rights denominated in shares of common stock of the Issuer received on December 21, 2023, pursuant to the Merger Agreement, upon the conversion of stock appreciation rights denominated in shares of common stock of Airship AI at the Conversion Ratio, as defined in the Merger Agreement, as of the Effective Time of the Merger. Represents warrants to purchase shares of common stock of the Issuer received by the Reporting Person on December 21, 2023, pursuant to the Merger Agreement, upon the conversion of warrants to purchase shares of common stock of Airship AI at the Conversion Ratio, as defined in the Merger Agreement, as of the Effective Time of the Merger. Pursuant to earnout provisions in the Merger Agreement, the holder of such Earnout Rights is entitled to receive shares of common stock of the Issuer upon the occurrence of certain operating performance and share price performance milestones during the applicable earnout periods set forth in the Merger Agreement. Options vest quarterly over 4 years. Public Warrant (AISPW shares) Exercise Price subject to adjustment and expire five years after the closing of the merger on December 21, 2023, or earlier upon redemption or liquidation.
FAQ
What did Airship AI (AISP) disclose in Victor Huang’s Form 4/A?
Airship AI disclosed that an entity associated with CEO Victor Huang bought 6,000 Public Warrants at $1.45 each on August 29, 2025. The amended filing also updates his direct and indirect holdings in common stock, options, stock appreciation rights, warrants, public warrants, and merger-related earnout rights.
How many Airship AI Public Warrants were acquired in this Form 4/A?
The Form 4/A shows a purchase of 6,000 Public Warrants (AISPW shares) at $1.45 per warrant. This transaction is reported as an open-market purchase and is held indirectly through an entity associated with Victor Huang, who is CEO, Chairman, and a ten percent owner.
How are the warrants and other derivatives held by Victor Huang in Airship AI structured?
The filing lists direct and indirect holdings in options, stock appreciation rights, warrants, public warrants, and earnout rights. Many of these instruments were received on December 21, 2023 under the Merger Agreement and, in some cases, vest quarterly over four years or expire five years after the merger closing.
What does the Form 4/A say about Victor Huang’s indirect ownership in Airship AI?
The filing explains that Airship Kirkland Family Limited Partnership is the record holder for certain securities. Victor Huang is its managing partner with voting and dispositive power but disclaims beneficial ownership except to the extent of his pecuniary interest, so those positions are reported as indirect holdings.
How did Airship AI’s merger affect Victor Huang’s current holdings?
According to the footnotes, Huang’s reported common stock, options, stock appreciation rights, warrants, and some earnout rights were received on December 21, 2023 under the Merger Agreement. They reflect conversions of prior Airship AI instruments into Airship AI Holdings securities at a defined conversion ratio.