Welcome to our dedicated page for Airship AI Holdings SEC filings (Ticker: AISP), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Airship AI Holdings, Inc. filings document operating results and material events for an AI-driven video, sensor, and data management surveillance company. Current reports furnish quarterly financial and operational releases, including revenue, gross margin, cash flow, backlog, pipeline, warrant-liability and earnout-liability disclosures.
The filing record also covers governance and capital structure. Proxy materials and annual meeting reports document director elections, auditor ratification, shareholder voting, and board committee charters. Other 8-K disclosures describe warrant exercise inducement agreements, private-placement warrants, registered share issuance under Form S-3, and Nasdaq-listed common stock and warrants.
Airship AI Holdings, Inc. director Louis Lebedin reported his current equity position without recording any new purchases or sales. He directly holds 100,000 shares of Common Stock. He also has stock options over 61,000 shares at an exercise price of $3.28 expiring in 2035, options over 50,000 shares at $4.25 expiring in 2035, and a non-qualified stock option over 200,000 shares at $1.65 expiring in 2034. Footnotes state that these options vest quarterly over four years under a specified vesting schedule, meaning the director’s ownership can increase over time as additional tranches vest.
Airship AI Holdings CEO Victor Huang bought 40,000 common shares of AISP at an average price of $2.2422 in an open-market transaction, increasing his direct holdings to 4,012,567 shares. This purchase modestly raises his equity stake as CEO, chairman and 10% owner.
He also continues to hold a large package of equity-linked awards, including options, stock appreciation rights, warrants, public warrants and earnout rights over various amounts of common stock, with exercise prices ranging from $0.12 to $4.50 per share and expirations between 2027 and 2035.
Airship AI Holdings, Inc. Chief Financial Officer Mark E. Scott reported an award of options for 50,000 shares on March 4, 2026. The options carry a stated exercise price of $0.0000 per share and, according to a footnote, vest quarterly over four years.
Following this grant, Scott directly holds various option positions, including blocks of 100,000, 50,000, and 30,000 options, as well as 43,952 shares of common stock. He also has indirect interests in 14,650 earnout rights and 25,000 options through entities he controls, where he has voting and dispositive power but disclaims beneficial ownership beyond his pecuniary interest. The earnout rights may convert into common stock if specified operating and share price milestones in a merger agreement are achieved while he continues serving the company.
Airship AI Holdings, Inc. President Paul M. Allen reported an award of 59,000 options to purchase common stock on March 4, 2026 at an exercise price of $0.00 per share. These options vest quarterly over 4 years. After this grant, he directly holds 835,058 options, 151,948 shares of common stock, and 155,843 earnout rights that may convert into shares if specified operating and share price performance milestones in the merger agreement are met.
Airship AI Holdings reported strong fourth quarter 2025 growth but weaker full-year sales. Q4 net revenues were $6.5 million, up 102% from the prior-year quarter, with gross profit of $3.3 million and a gross margin of 51.2%, helped by higher-margin branded hardware and software.
The company recorded an operating loss of $612,000 in Q4 as it increased stock-based compensation and spending on sales and marketing. Other income of $23.6 million, mainly from gains on earnout and warrant liabilities, contributed to full-year 2025 net income of $29.3 million, or $0.90 per basic share, compared with a large loss in 2024.
For 2025, net revenues were $15.3 million, down from $23.1 million a year earlier, and operating loss widened to $7.2 million. Year-end cash was $11.8 million with accounts receivable of $6.5 million. Backlog was $3.3 million, and the validated sales pipeline was about $173 million, including new awards such as a $1.9 million DHS contract and a $2.8 million commercial contract.
Airship AI Holdings, Inc. received an amended Schedule 13G/A from Highbridge Capital Management, LLC, which reports beneficial ownership of 1,708,795 shares of common stock issuable upon exercise of warrants. This position represents 4.8% of the common stock class, based on 34,175,563 shares outstanding as of November 14, 2025.
Highbridge, a Delaware investment adviser to certain funds and accounts, reports sole voting and dispositive power over these warrant shares. The Highbridge Funds have the right to receive dividends or sale proceeds from the reported shares. The filing states the securities are held in the ordinary course of business and not for the purpose of influencing control of Airship AI.
Airship AI Holdings, Inc. provides AI-driven edge data management for government and commercial customers, structuring video and sensor data in real time through its Outpost AI, Acropolis and Airship Command platforms. The company focuses on law enforcement, defense, intelligence and large commercial deployments, often under multi‑year contracts that bundle hardware, software and services.
As of June 30, 2025, non‑affiliate equity market value was $68,575,909, and as of February 13, 2026, common shares outstanding were 34,372,162. Results are highly concentrated: in 2025, four customers generated 87% of revenue, while 2024 relied on a single customer for 57%. Backlog was $3.3 million with a validated pipeline of $173.4 million across federal and commercial opportunities.
Airship reported 2025 net income of $29.3 million, driven largely by non‑cash fair value gains on warrant and earnout liabilities, but still had an accumulated deficit of $45.6 million and acknowledges a need for additional capital to fund growth. The company highlights awards including $1.9 million from the Department of Homeland Security and $2.8 million from a large commercial customer, while cautioning about risks such as a nascent edge‑AI market, intense competition, supply‑chain exposure, heavy customer concentration, cybersecurity threats, reliance on trade secrets instead of patents, and the possibility that it may not achieve or sustain profitability.
Airship AI Holdings, Inc. insider Victor Huang, the company’s CEO, Chairman and a director and 10% owner, filed an amended Form 4 to update his holdings. The filing reports that on December 15, 2025, he acquired 20,000 Public Warrants (AISPW), each for common stock, at a price of $0.923 per warrant. These public warrants have an exercise price of $4.50 per share and currently expire on December 21, 2028, subject to adjustment and possible earlier redemption or liquidation.
After the reported transactions, Huang beneficially owns 3,972,567 shares of common stock, along with a large package of derivative securities, including options, stock appreciation rights, warrants, earnout rights and public warrants. The amendment states it is filed to report and consolidate all prior direct and indirect holdings as direct holdings.
Airship AI Holdings, Inc. insider updates ownership details in an amended Form 4. A director, chief operating officer and 10% owner reported a transaction dated 12/18/2025 in which 2,063,322 shares of common stock were disposed of with a transaction code "G" at a reported price of $0. Following this change, the insider reports 5,222,920 shares of common stock beneficially owned directly.
The filing also lists several derivative positions. These include warrants with an exercise price of $1.77 for 1,344,951 underlying common shares expiring on 05/08/2027, earnout rights for up to 1,630,642 common shares tied to operating and share price milestones in a prior merger agreement, and options to purchase 100,000 and 50,000 shares at exercise prices of $2.86 and $4.25 expiring on 08/16/2034 and 09/03/2035, with options vesting quarterly over four years. The amendment states it is filed to consolidate all prior direct and indirect holdings into direct holdings.