Starfighters Space (FJET) director exercises RSUs and reports holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Starfighters Space, Inc. director Sean David Bromley exercised derivative awards to acquire 22,500 shares of common stock, increasing his direct holdings to 86,250 shares. He also reports 489,978 shares held indirectly through 1129925 B.C. Ltd. and 168,750 remaining Restricted Stock Units that vest over time based on service and share-price targets.
Positive
- None.
Negative
- None.
Insider Trade Summary
22,500 shares exercised/converted
Mixed
3 txns
Insider
Bromley Sean David
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 22,500 | $0.00 | -- |
| Exercise | Common Stock | 22,500 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 168,750 shares (Direct, null);
Common Stock — 86,250 shares (Direct, null);
Common Stock — 489,978 shares (Indirect, By 1129925 B.C. Ltd.)
Footnotes (1)
- Each Restricted Stock Unit represents the right to receive, at settlement, one share of common stock. 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: 22,500 shares
Direct common shares after: 86,250 shares
Indirect common shares: 489,978 shares
+4 more
7 metrics
RSUs exercised
22,500 shares
Restricted Stock Units converted into common stock
Direct common shares after
86,250 shares
Direct holdings following exercise on June 5, 2026
Indirect common shares
489,978 shares
Held through 1129925 B.C. Ltd.
RSUs remaining
168,750 units
Restricted Stock Units outstanding after the transaction
High vesting price trigger
$17.95
Closing price required for one vesting tranche over 10 trading days
Other vesting price trigger
$5.38
Closing price threshold for several vesting tranches
Main vesting date
June 16, 2026
50% of RSUs vest on this date
Key Terms
Restricted Stock Units, vesting, closing price, trading days, +1 more
5 terms
Restricted Stock Units financial
"The Restricted Stock Units vest as to 50% on June 16, 2026, 25% either June 16, 2026 or immediately..."
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.
vesting financial
"The Restricted Stock Units vest as to 50% on June 16, 2026, 25% either June 16, 2026 or immediately..."
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..."
trading days financial
"for 10 consecutive trading days starting December 18, 2025..."
Trading days are the specific days when a stock exchange is open and buying and selling of securities can occur, excluding weekends and exchange-declared holidays. Investors use trading days to measure performance, calculate settlement deadlines and time-sensitive events—think of them as the business hours calendar for markets, where returns, volumes and deadlines are counted only on days the market is operating.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
FAQ
What insider transaction did FJET director Sean David Bromley report?
Sean David Bromley exercised derivative awards to acquire 22,500 shares of Starfighters Space common stock. This increased his direct ownership, while no open-market purchases or sales were reported, indicating a compensation-related transaction rather than discretionary trading activity.
What are the terms of Sean David Bromley’s FJET Restricted Stock Units?
Each Restricted Stock Unit represents one Starfighters Space common share upon settlement. The units vest 50% on June 16, 2026, with additional tranches vesting earlier if the closing price exceeds thresholds such as $17.95 or $5.38 for specified trading day periods.
How many Restricted Stock Units does the FJET director have after the transaction?
Following the transaction, Sean David Bromley has 168,750 Restricted Stock Units outstanding. These RSUs convert to common stock on a one-for-one basis as they vest over time, subject to service conditions and certain share-price performance triggers described in the Form 4 footnotes.
Is the indirect ownership in FJET held personally by Sean David Bromley?
The Form 4 shows 489,978 Starfighters Space common shares held indirectly through 1129925 B.C. Ltd. This indicates those shares are owned via that entity rather than directly in his name, while still being attributed to him for reporting purposes under SEC rules.