Airship AI (AISP) insider filing: holdings, options and warrants disclosed
Rhea-AI Filing Summary
Victor Huang, CEO and Chairman of Airship AI Holdings (AISP), reported an insider purchase and detailed his full ownership and derivative positions. On 08/08/2025 he purchased 26,000 shares at $1.4649. After that transaction he directly holds 160,719 common shares and, through Airship Kirkland Family Limited Partnership (of which he is managing partner), is record holder of 3,393,123 common shares; he disclaims beneficial ownership of the partnership holdings except for any pecuniary interest. The filing lists multiple derivative instruments received as merger consideration on 12/21/2023: options for 1,749,335 shares (exercise $0.12), stock appreciation rights for 1,758,105 shares (denominated $0.12), warrants for 1,344,951 shares (exercise $1.77, direct), earnout rights for 1,750,094 shares, plus additional direct options and warrants (100,000 options at $2.86 and a 220,000-share warrant at $2.36). The Form is filed as an amendment to correct the original Form 4.
Positive
- Insider purchase: Acquisition of 26,000 shares at $1.4649 on 08/08/2025.
- Substantial alignment: Reporting person is CEO and Chairman and maintains direct holdings of 160,719 shares plus indirect record holdings of 3,393,123 shares via Airship Kirkland Family LP.
- Detailed derivative disclosure: Options, SARs, warrants and earnout rights are explicitly listed with amounts and exercise/conversion prices, adding transparency.
Negative
- Amendment filed: This is an Amendment No. 1 to the original Form 4, indicating a prior filing required correction.
- Complex ownership structure: 3,393,123 shares are held in Airship Kirkland Family LP, and the reporting person disclaims beneficial ownership except for pecuniary interest, which complicates clear beneficial-ownership attribution.
- Significant outstanding derivatives: The filing lists derivative instruments underlying approximately 6,922,485 shares in total (options, SARs, warrants and earnout rights), which represent convertible interests in common stock.
Insights
TL;DR: Insider purchase of 26,000 shares; large indirect and derivative positions disclosed, amendment corrects prior reporting.
This Form 4 records a small open-market purchase of 26,000 shares at $1.4649 and shows the reporting person retains both direct and substantial indirect holdings via a family limited partnership. The filing enumerates sizeable derivative instruments—options, SARs, warrants and earnout rights—originally received as merger consideration on 12/21/2023, with exercise/conversion prices disclosed for key instruments. The amendment notes a correction to the prior filing, indicating the ending balance and transaction were updated. For investors, the document clarifies ownership structure and outstanding convertible positions without additional operational or financial data.
TL;DR: CEO is a significant stakeholder through direct, indirect and derivative holdings; disclosure amended for accuracy.
The report confirms Victor Huang's dual role as CEO and managing partner of the record-holding partnership, with a clear disclaimer of beneficial ownership over partnership-held shares except for pecuniary interest. The filing transparently lists the composition and exercise prices of multiple equity-linked instruments and states these were received under the Merger Agreement. The amendment improves the accuracy of insider reporting, which is important for governance and compliance, but the filing itself is a routine disclosure rather than a governance action.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 26,000 | $1.4649 | $38K |
| holding | Options | -- | -- | -- |
| holding | Stock Appreciation Rights | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
| holding | Earnout Rights | -- | -- | -- |
| holding | Options | -- | -- | -- |
| holding | Warrant | -- | -- | -- |
| 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 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.
