Airship AI (NASDAQ: AISP) CEO adds 40,000 shares in open-market buy
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 40,000 shares ($89,688)
Net Buy
9 txns
Insider
Huang Victor
Role
CEO and Chairman of the BOD
Bought
40,000 shs ($90K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 40,000 | $2.2422 | $90K |
| holding | Options | -- | -- | -- |
| holding | Stock Appreciation Rights | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
| holding | Earnout Rights | -- | -- | -- |
| holding | Options | -- | -- | -- |
| holding | Warrant | -- | -- | -- |
| holding | Options | -- | -- | -- |
| holding | Public Warrant (AISPW shares) | -- | -- | -- |
Holdings After Transaction:
Common Stock — 4,012,567 shares (Direct);
Options — 1,749,335 shares (Direct);
Stock Appreciation Rights — 1,758,105 shares (Direct);
Warrants — 1,344,951 shares (Direct);
Earnout Rights — 1,750,094 shares (Direct);
Warrant — 220,000 shares (Direct);
Public Warrant (AISPW shares) — 126,125 shares (Direct)
Footnotes (1)
- 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. 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. AISPW shares have various dates exercisable based on various purchase dates.
FAQ
What did Airship AI (AISP) CEO Victor Huang do in this Form 4 filing?
Victor Huang reported buying 40,000 shares of Airship AI common stock at $2.2422 per share in an open-market transaction. After this purchase, his direct ownership rose to 4,012,567 common shares, reinforcing his role as a major insider shareholder.
Were there any insider sales of Airship AI (AISP) stock in this Form 4?
No insider sales were reported. The Form 4 shows a net-buy pattern, with one open-market purchase of 40,000 common shares and no reported sales. Additional entries describe existing derivative and earnout holdings rather than new selling transactions.