Starfighters CFO exercises 37,500 RSUs into stock
Starfighters Space, Inc. Chief Financial Officer Whitney David Kirk exercised previously granted Restricted Stock Units into 37,500 shares of common stock at an exercise price of $0.00 per share.
Rhea-AI Filing Summary
Starfighters Space, Inc. Chief Financial Officer Whitney David Kirk exercised previously granted Restricted Stock Units into 37,500 shares of common stock at an exercise price of $0.00 per share. Following this transaction, he directly holds 75,000 shares of common stock.
The filing also shows 637,500 Restricted Stock Units outstanding after the transaction, each RSU representing the right to receive one share of common stock at settlement. These RSUs vest on a schedule that runs through June 16, 2026, with portions eligible to vest earlier if the stock’s closing price exceeds $17.95 or $5.38 for specified trading periods starting in December 2025 and in several monthly windows during 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
37,500 shares exercised/converted
Exercise
2 txns
Insider
Whitney David Kirk
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 37,500 | $0.00 | $0.00 |
| Exercise | Common Stock | 37,500 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 637,500 contracts (Direct);
Common Stock — 75,000 shares (Direct)
Footnotes (2)
- F1. Each Restricted Stock Unit represents the right to receive, at settlement, one share of common stock.
- F2. The Restricted Stock Units vest as to 50% on June 16, 2026, 25% either June 16, 2026 or immediately if closing price is greater than $17.95 for 10 consecutive trading days starting December 18, 2025, 5% either June 16, 2026 or immediately if closing price is greater than $5.38 on any day, 5% either on June 16, 2026 or immediately if closing price is greater than $5.38 for 10 consecutive trading days starting Feb. 16, 2026, 5% either on June 16, 2026 or immediately if closing price is greater than $5.38 for 10 consecutive trading days starting March 18, 2026, 5% either on June 16, 2026 or immediately if closing price is greater than $5.38 for 10 consecutive trading days starting April 17, 2026, and 5% either on June 16, 2026 or immediately if closing price is greater than $5.38 for 10 consecutive trading days starting May 17, 2026.
Key Figures
RSUs exercised: 37,500 shares
Exercise price: $0.00 per share
Common stock held after: 75,000 shares
+4 more
7 metrics
RSUs exercised
37,500 shares
Restricted Stock Units converted to common stock on April 2, 2026
Exercise price
$0.00 per share
Price for RSU conversion into common stock
Common stock held after
75,000 shares
Direct ownership following the reported transaction
RSUs outstanding after
637,500 units
Restricted Stock Units remaining after the exercise
High-price vesting trigger
$17.95 closing price
Requires 10 consecutive trading days starting December 18, 2025
Other price trigger
$5.38 closing price
Single-day and 10-day consecutive thresholds in 2026 windows
Main vesting date
June 16, 2026
Base vesting date for remaining RSU tranches
Key Terms
Restricted Stock Units, derivative security, vesting, closing price, +1 more
5 terms
Restricted Stock Units financial
"Each Restricted Stock Unit represents the right to receive, at settlement, one share of common stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
vesting financial
"The Restricted Stock Units vest as to 50% on June 16, 2026, 25% either June 16, 2026 or immediately if closing price is greater than $17.95 for 10 consecutive trading days..."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
closing price financial
"immediately if closing price is greater than $17.95 for 10 consecutive trading days starting December 18, 2025"
consecutive trading days financial
"for 10 consecutive trading days starting Feb. 16, 2026"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did FJET’s CFO report on this Form 4?
The CFO exercised Restricted Stock Units into 37,500 shares of common stock at an exercise price of $0.00. This derivative exercise increased his direct common stock holdings and reflects routine equity compensation rather than an open-market purchase or sale.
What are the key terms of the CFO’s Restricted Stock Units at FJET?
Each Restricted Stock Unit gives the right to receive one share of Starfighters Space common stock at settlement. The RSUs vest partly on June 16, 2026 and partly earlier if the stock trades above $17.95 or $5.38 for specified consecutive trading-day periods.
Is the FJET CFO’s Form 4 transaction an open-market stock purchase or sale?
No. The Form 4 reports an exercise or conversion of Restricted Stock Units into 37,500 common shares at $0.00 per share. It does not show any open-market buying or selling activity; it reflects equity compensation vesting and settlement instead.
AI-generated analysis. How Rhea-AI works. Not financial advice.
