[Form 4] Blade Air Mobility, Inc. Insider Trading Activity

Rhea-AI Filing Summary

CFO William A. Heyburn reported three transactions in Blade Air Mobility (BLDE) stock. On 08/01/2025 he received 139,286 Class A shares after the Compensation Committee certified that 2024 performance targets tied to previously granted PSUs had been achieved. To satisfy related tax obligations, the company withheld 76,177 shares at $3.99.

Following the vesting, Heyburn beneficially owned 1,463,940 shares. On 08/04/2025, acting under a pre-arranged Rule 10b5-1 plan dated 11/25/2024, he sold 46,918 shares at a weighted-average price of $4.94-$4.96, trimming his stake to 1,340,845 shares. The sale represents roughly 3 % of his current holdings and generated about $232k in gross proceeds. Net of all reported moves, Heyburn’s ownership increased by approximately 16 k shares, or +1 %.

No options or other derivative securities were transacted, and no additional insider participants were listed. Overall, the filing reflects routine equity compensation vesting combined with a modest, pre-scheduled liquidity sale, leaving the CFO with a substantial position aligned with shareholders.

Positive

• Performance goals achieved: Vesting of 139,286 PSUs confirms FY-2024 targets were met.
• CFO retains large stake: 1.34 M shares post-transactions aligns management and shareholders.

Negative

• Insider selling: CFO sold 46,918 shares (~3 % of holdings) at ~$4.95, a potential mild bearish sentiment indicator.

Insights

Securities Analyst

TL;DR: Small 10b5-1 sale; net shares up 1 %; neutral signal.

The transactions look routine: performance-based RSUs vested, taxes withheld, then a modest 46.9 k-share sale (<~3 % of holdings) under an established 10b5-1 plan. Net ownership rose, so insider alignment remains strong. The lack of option exercises or aggressive selling suggests no change in management’s outlook. I view the impact on BLDE’s investment thesis as neutral.

Corporate Governance Expert

TL;DR: Compensation metrics met; minor discretionary sale; governance intact.

Certification of PSU performance criteria indicates the board’s targets were met, a positive governance datapoint. Share withholding for taxes is standard. The 10b5-1 sale is transparent and pre-planned, reducing concerns about opportunistic trading. With over 1.34 M shares still held, the CFO maintains material skin-in-the-game. Investor impact: not material.

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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

X

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^*

Heyburn William A.

(Last) (First) (Middle)

C/O BLADE AIR MOBILITY, INC.

31 HUDSON YARDS, 14TH FLOOR

(Street)

NEW YORK NY 10001

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Blade Air Mobility, Inc. [ BLDE ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/01/2025

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
Class A common stock, $0.0001 par value per share	08/01/2025		A		139,286(1)	A	$0	1,463,940	D
Class A common stock, $0.0001 par value per share	08/01/2025		F		76,177(2)	D	$3.99	1,387,763	D
Class A common stock, $0.0001 par value per share	08/04/2025		S(3)		46,918	D	$4.941(4)	1,340,845	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

Explanation of Responses:

1. Represents shares that were acquired upon the certification of the Compensation Committee of the Issuer's Board of Directors of the satisfaction of performance criteria underlying an award of performance-based restricted stock units ("PSUs") granted to the Reporting Person on March 8, 2024.

2. Represents shares withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of PSUs

3. This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 25, 2024.

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.94 to $4.96, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.

Remarks:

	/s/ Melissa M. Tomkiel, as attorney-in-fact for William A. Heyburn	08/05/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many BLDE shares did the CFO acquire on 08/01/2025?

He received 139,286 shares upon certification of PSU performance criteria.

What price was used for the shares withheld for taxes?

The issuer withheld 76,177 shares at $3.99 to cover tax obligations.

How many BLDE shares did the CFO sell and at what price?

He sold 46,918 shares at a weighted-average $4.94–$4.96 on 08/04/2025.

What is the CFO’s current BLDE share ownership after these transactions?

His direct beneficial ownership stands at 1,340,845 Class A shares.

Was the sale conducted under a Rule 10b5-1 trading plan?

Yes. The plan was adopted on 11/25/2024, indicating the sale was pre-scheduled.