[Form 4] Airship AI Holdings, Inc. Insider Trading Activity
Rhea-AI Filing Summary
Airship AI Holdings insider Derek Xu, the company’s Chief Operating Officer, director and 10% owner, reported changes in his holdings as of 12/18/2025. The filing shows indirect beneficial ownership of 5,148,171 shares of common stock through Airship Redmond Family Limited Partnership as described in footnote (2), and 1,031,661 shares each held by AX Redmond Capital Trust and VX Redmond Capital Trust.
Xu also reports derivative positions, including 1,344,951 warrants with a $1.77 exercise price expiring on 05/08/2027, and earnout rights tied to up to 1,406,484 and 224,158 shares of common stock, which become issuable only if operating and share price milestones in the merger agreement are met. In addition, he holds stock options for 100,000 shares at $2.86 expiring on 08/16/2034 and 50,000 shares at $4.25 expiring on 09/03/2035, which vest quarterly over four years.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 2,063,322 | $0.00 | -- |
| Gift | Common Stock | 1,031,661 | $0.00 | -- |
| Gift | Common Stock | 1,031,661 | $0.00 | -- |
| holding | Warrants | -- | -- | -- |
| holding | Earnout Rights | -- | -- | -- |
| holding | Earnout Rights | -- | -- | -- |
| holding | Options | -- | -- | -- |
| holding | Options | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
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 Redmond Family Limited Partnership is the record holder of the securities reported herein. Derek Xu is the managing partner of Airship Redmond Family Limited Partnership and as such has voting and dispositive power over these securities. Mr. Xu disclaims beneficial ownership of the securities held by Airship Redmond Family Limited Partnership, except to the extent of his pecuniary interest therein. 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.
