[Form 4] Airship AI Holdings, Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Airship AI Holdings, Inc. (AISP) CEO and Chairman Victor Huang, who is also a director and 10% owner, reported open-market purchases of the company’s common stock. On 11/21/2025, he bought 5,000 shares at $3.0259 per share and another 5,000 shares at $3.0199 per share. After these transactions, he directly holds 204,849 common shares.
Huang also has significant indirect ownership through Airship Kirkland Family Limited Partnership, which holds 3,767,718 common shares. In addition, he has multiple derivative awards tied to Airship AI stock, including options, stock appreciation rights, warrants, and earnout rights that were largely granted or converted in connection with the company’s merger completed on December 21, 2023.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 10,000 shares ($30,229)
Net Buy
12 txns
Insider
Huang Victor
Role
CEO and Chairman of the BOD
Bought
10,000 shs ($30K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 5,000 | $3.0259 | $15K |
| Purchase | Common Stock | 5,000 | $3.0199 | $15K |
| holding | Options | -- | -- | -- |
| holding | Stock Appreciation Rights | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
| holding | Earnout Rights | -- | -- | -- |
| holding | Options | -- | -- | -- |
| holding | Warrant | -- | -- | -- |
| holding | Public Warrant (AISPW shares) | -- | -- | -- |
| holding | Options | -- | -- | -- |
| holding | Public Warrant (AISPW shares) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 199,849 shares (Direct);
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) — 85,125 shares (Direct);
Public Warrant (AISPW shares) — 6,000 shares (Indirect, See footnote);
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.
