Airship AI CTO granted 400,000 stock options
Airship AI Holdings, Inc. Chief Technology Officer Ma Yanda received a grant of 400,000 stock options for common stock at an exercise price of $2.49 per share.
Rhea-AI Filing Summary
Airship AI Holdings, Inc. Chief Technology Officer Ma Yanda received a grant of 400,000 stock options for common stock at an exercise price of $2.49 per share. These options expire on April 20, 2036 and vest quarterly over four years, providing compensation tied to future company performance.
Following the reported positions, Ma Yanda directly holds 270,000 shares of common stock. He also holds additional equity-linked interests, including options over 50,000 shares at a $4.25 exercise price, 75,000 shares at a $2.86 exercise price, 277,698 shares at a $0.12 exercise price, and earnout rights over 132,950 shares subject to operating and share price milestones.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 400,000 shares
Grant/Award
6 txns
Insider
Ma Yanda
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Options | 400,000 | $0.00 | $0.00 |
| holding | Options | -- | -- | -- |
| holding | Earnout Rights | -- | -- | -- |
| holding | Options | -- | -- | -- |
| holding | Options | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Options — 802,698 contracts for 402,698 underlying shares (Direct);
Earnout Rights — 132,950 contracts (Direct);
Common Stock — 270,000 shares (Direct)
Footnotes (3)
- F1. Represents options to purchase shares of common stock of the Issuer received on December 21, 2023, 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 options 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.
- F2. Pursuant to earnout provisions in the Merger Agreement and subject to the Reporting Person's continued service to the Issuer, 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.
- F3. Options vest quarterly over 4 years.
Key Figures
New option grant: 400,000 options
Direct common stock holdings: 270,000 shares
Options at $4.25: 50,000 underlying shares
+3 more
6 metrics
New option grant
400,000 options
Exercise price $2.49; expiration April 20, 2036; quarterly vesting over 4 years
Direct common stock holdings
270,000 shares
Common Stock held directly following reported positions
Options at $4.25
50,000 underlying shares
Options with $4.25 exercise price expiring September 3, 2035
Options at $2.86
75,000 underlying shares
Options with $2.86 exercise price expiring August 16, 2034
Options at $0.12
277,698 underlying shares
Options with $0.12 exercise price expiring January 16, 2033
Earnout rights
132,950 underlying shares
Earnout Rights tied to performance and share price milestones
Key Terms
Earnout Rights, Merger Agreement, Conversion Ratio, exercise price
4 terms
Earnout Rights financial
"Pursuant to earnout provisions in the Merger Agreement and subject to the Reporting Person's continued service to the Issuer, the holder of such Earnout Rights is entitled to receive shares..."
Merger Agreement financial
"Represents options to purchase shares of common stock of the Issuer received on December 21, 2023, 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.
Conversion Ratio financial
"The Reporting Person received the reported options upon the conversion of options to purchase shares of common stock of Airship AI at the Conversion Ratio, as defined in the Merger Agreement..."
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.
exercise price financial
"Earnout Rights and options are tied to specific operating milestones, share price performance, or a stated exercise price for underlying common stock."
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Airship AI (AISP) disclose about CTO Ma Yanda’s latest equity grant?
Airship AI disclosed that CTO Ma Yanda received 400,000 stock options for common stock at an exercise price of $2.49 per share. These options expire on April 20, 2036 and vest quarterly over four years as part of his equity-based compensation package.
What other stock options does Airship AI (AISP) CTO Ma Yanda hold besides the new grant?
Besides the new 400,000 options at a $2.49 exercise price, Ma Yanda holds options over 50,000 shares at $4.25, 75,000 shares at $2.86, and 277,698 shares at $0.12. Each option block has its own expiration date and provides potential future share acquisition.
What are the earnout rights held by Airship AI (AISP) CTO Ma Yanda?
Ma Yanda holds earnout rights over 132,950 underlying shares of Airship AI common stock. Under the merger agreement, these earnout rights may deliver shares if specific operating performance and share price milestones are achieved while he continues service with the company.
How long is the vesting schedule for the new Airship AI (AISP) option grant to Ma Yanda?
The new 400,000 stock options granted to Ma Yanda vest quarterly over four years. This schedule gradually delivers option vesting in equal quarterly installments, aligning his long-term incentives with the company’s performance across the multi-year vesting period.
AI-generated analysis. How Rhea-AI works. Not financial advice.
