Airship AI Holdings (AISP) discloses director stock sale and options

Rhea-AI Filing Summary

Airship AI Holdings director Louis Lebedin reported insider activity involving both common shares and stock options. The disclosure shows a disposition of 100,000 shares of common stock and updates to his derivative holdings. He now holds options on 200,000 shares at $1.65 per share expiring on 03/03/2029, 50,000 shares at $4.25 per share expiring on 09/03/2035, and a new grant of 61,000 options at $3.28 per share expiring on 12/11/2035. The options are scheduled to vest quarterly over four years under a defined vesting schedule.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Lebedin Louis

(Last) (First) (Middle)

C/O AIRSHIP AI HOLDINGS, INC.

8210 154TH AVE NE

(Street)

REDMOND WA 98052

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Airship AI Holdings, Inc. [ AISP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/11/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock								100,000	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Non-Qualified Stock Option (NQSO)	$1.65							(1)	03/03/2029	Common Stock	200,000		200,000	D
Options	$4.25							(2)	09/03/2035	Common Stock	50,000		50,000	D
Options	$3.28	12/11/2025		A		61,000		(2)	12/11/2035	Common Stock	61,000	$0	61,000	D

Explanation of Responses:

1. The total number of Options granted are subject to a four (4) year vesting period, vesting quarterly. Each vesting year, such Options vest: Twelve Thousand Five Hundred (12,500) on March 31st; Twelve Thousand Five Hundred (12,500) on June 30th; Twelve Thousand Five Hundred (12,500) on September 30th; and in the ensuing year, Twelve Thousand Five Hundred (12,500) on December 31st, (the "Vesting Schedule").

2. Options vest quarterly over 4 years.

	By: /s/ Louis Lebedin	12/11/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Airship AI Holdings (AISP) report for its director?

The company reported that director Louis Lebedin filed an insider transaction showing a disposition of 100,000 shares of common stock and changes to his stock option holdings.

What new stock options did the Airship AI (AISP) director receive?

The filing shows a new grant of 61,000 stock options with an exercise price of $3.28 per share, expiring on 12/11/2035.

What existing stock options does the Airship AI (AISP) director hold after this filing?

After the reported transaction, the director holds options on 200,000 shares at $1.65 per share expiring on 03/03/2029, and options on 50,000 shares at $4.25 per share expiring on 09/03/2035, in addition to the new 61,000 options at $3.28.

How do the Airship AI (AISP) director’s options vest?

According to the disclosure, the total number of options granted are subject to a four-year vesting period, with options vesting quarterly under a specified vesting schedule. Another grant is described as vesting quarterly over 4 years.

When is the earliest reported transaction date in this Airship AI (AISP) insider filing?

The earliest transaction date reported in the insider filing is 12/11/2025.

What is the reporting person’s relationship to Airship AI Holdings (AISP)?

The reporting person, whose signature appears as Louis Lebedin, is identified as a Director of Airship AI Holdings, Inc.