Airship AI CEO Victor Huang reports holdings
Airship AI Holdings, Inc. director and CEO Victor Huang reported his current equity stake in the company.
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Form Type
4
Rhea-AI Filing Summary
Airship AI Holdings, Inc. director and CEO Victor Huang reported his current equity stake in the company. He directly holds 4,032,207 shares of common stock and a range of equity-linked awards, including public warrants, options, stock appreciation rights, additional warrants and earnout rights, many of which were received under a prior merger agreement.
Insider Trade Summary
9 transactions reported
Mixed
9 txns
Insider
Huang Victor
Role
CEO and Chairman of the BOD
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Options | -- | -- | -- |
| holding | Stock Appreciation Rights | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
| holding | Earnout Rights | -- | -- | -- |
| holding | Options | -- | -- | -- |
| holding | Warrant | -- | -- | -- |
| holding | Options | -- | -- | -- |
| holding | Public Warrant (AISPW shares) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Options — 1,899,335 contracts (Direct);
Stock Appreciation Rights — 1,758,105 contracts (Direct);
Warrants — 1,344,951 contracts (Direct);
Earnout Rights — 1,374,252 contracts (Direct);
Warrant — 220,000 contracts (Direct);
Public Warrant (AISPW shares) — 126,125 contracts (Direct);
Common Stock — 4,032,207 shares (Direct)
Footnotes (7)
- F1. Includes 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.
- F2. 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.
- F3. 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.
- F4. 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.
- F5. 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.
- F6. Options vest quarterly over 4 years.
- F7. 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. AISPW shares have various dates exercisable based on various purchase dates.
Key Figures
Direct common stock holdings: 4,032,207 shares
Public warrant underlying shares: 126,125 shares
Options at $4.25: 50,000 underlying shares
+5 more
8 metrics
Direct common stock holdings
4,032,207 shares
Total common shares held directly after reported date
Public warrant underlying shares
126,125 shares
Public Warrant (AISPW) underlying common stock at $4.50 exercise
Options at $4.25
50,000 underlying shares
Options to purchase common stock at $4.25 exercise price
Warrant at $2.36
220,000 underlying shares
Warrant to purchase common stock at $2.36 exercise price
Options at $2.86
100,000 underlying shares
Options to purchase common stock at $2.86 exercise price
Earnout rights
1,374,252 underlying shares
Earnout rights for common stock upon performance milestones
Warrants at $1.77
1,344,951 underlying shares
Warrants exercisable at $1.77 for common stock
Stock appreciation rights
1,758,105 underlying shares
Stock appreciation rights denominated in common stock at $0.12
Key Terms
Merger Agreement, Earnout Rights, Stock Appreciation Rights, Public Warrant (AISPW shares), +1 more
5 terms
Merger Agreement financial
"pursuant to that certain Merger Agreement, dated as of June 27, 2023"
A merger agreement is a binding contract that lays out the exact terms for two companies to combine, including the price, what each side will deliver, and the conditions that must be met before the deal is completed. Investors care because it sets the timetable, payouts and risks — like a blueprint or prenup that shows whether the deal is likely to close, how ownership will change, and what could cancel or alter the payout they expect.
Earnout Rights financial
"Pursuant to earnout provisions in the Merger Agreement, the holder of such Earnout Rights is entitled"
Stock Appreciation Rights financial
"Represents stock appreciation rights denominated in shares of common stock of the Issuer"
Stock appreciation rights (SARs) are a form of employee compensation that give the holder the right to receive the increase in a company's stock price over a set baseline, paid in cash or shares, without having to buy the stock. For investors, SARs matter because they can create future cash outflows or share dilution and signal how a company rewards and motivates executives — similar to giving a bonus tied directly to how well the company’s stock performs.
Conversion Ratio financial
"at the Conversion Ratio, as defined in the Merger Agreement, as of the Effective Time"
The conversion ratio is the number of common shares an investor receives when a convertible security (like a bond or preferred share) or an exchangeable instrument is turned into ordinary stock. It matters because it tells investors how much ownership or dilution will occur — similar to knowing how many slices you get when you trade in a coupon — and directly affects the value you get from the convertible and the company’s future share count.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Airship AI (AISP) CEO Victor Huang report in this Form 4?
Victor Huang reported his current holdings in Airship AI. He directly holds common stock plus multiple derivative awards, including options, warrants, stock appreciation rights and earnout rights linked to the company’s common shares, many received under a prior merger agreement.
What derivative securities linked to AISP common stock does Victor Huang hold?
Victor Huang holds several derivative securities tied to Airship AI common stock, including public warrants, private warrants, multiple option grants, stock appreciation rights and earnout rights. Together, these instruments represent rights over several million underlying common shares at various exercise prices and expirations.
Were Victor Huang’s Airship AI holdings received in connection with a merger?
Many of Victor Huang’s holdings were received on December 21, 2023, under a Merger Agreement. In that transaction, his prior Airship AI equity awards converted into Airship AI Holdings common stock, options, warrants, stock appreciation rights and earnout rights at a defined conversion ratio.
What are the key exercise prices on Victor Huang’s Airship AI derivative awards?
Victor Huang’s awards include public warrants with a $4.50 exercise price, other warrants at $2.36, and options with exercise prices such as $4.25, $2.86 and $0.12 per share. Some stock appreciation rights are also denominated at $0.12 per share.
AI-generated analysis. How Rhea-AI works. Not financial advice.
