FJET CFO exercises 75,000 RSUs into shares
Starfighters Space, Inc. Chief Financial Officer Whitney David Kirk acquired 75,000 shares of common stock through the exercise of Restricted Stock Units (RSUs).
Rhea-AI Filing Summary
Starfighters Space, Inc. Chief Financial Officer Whitney David Kirk acquired 75,000 shares of common stock through the exercise of Restricted Stock Units (RSUs). After the transaction, he directly holds 150,000 common shares and 562,500 RSUs, each RSU representing the right to receive one share at settlement. The RSUs vest 50% on June 16, 2026, with the remaining portions tied to stock price targets of $17.95 and $5.38 over specified trading-day windows beginning in late 2025 and into 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
75,000 shares exercised/converted
Exercise
2 txns
Insider
Whitney David Kirk
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 75,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 75,000 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 562,500 contracts (Direct);
Common Stock — 150,000 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
Shares acquired via RSU exercise: 75,000 shares
Common shares after transaction: 150,000 shares
RSUs outstanding after transaction: 562,500 RSUs
+3 more
6 metrics
Shares acquired via RSU exercise
75,000 shares
Common Stock acquired on June 5, 2026
Common shares after transaction
150,000 shares
Direct holdings following exercise
RSUs outstanding after transaction
562,500 RSUs
Direct RSU holdings following transaction
High price vesting trigger
$17.95
Closing price condition for 25% RSU vesting
Other price vesting trigger
$5.38
Closing price condition for multiple 5% RSU tranches
Main vesting date
June 16, 2026
50% of RSUs vest on this date
Key Terms
Restricted Stock Unit, vest, closing price, derivative security
4 terms
Restricted Stock Unit financial
"Each Restricted Stock Unit represents the right to receive, at settlement, one share of common stock."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
vest 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..."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
closing price financial
"25% either June 16, 2026 or immediately if closing price is greater than $17.95 for 10 consecutive trading days..."
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.
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?
FJET’s Chief Financial Officer Whitney David Kirk acquired 75,000 common shares by exercising Restricted Stock Units. This increased his direct holdings to 150,000 common shares, alongside a substantial RSU position that may convert into additional shares as vesting conditions are met.
What are the key terms of the FJET CFO’s Restricted Stock Units?
Each Restricted Stock Unit represents the right to receive one share of FJET common stock at settlement. The RSUs vest based on time and stock price performance, with specific tranches tied to future trading prices of $17.95 and $5.38 over defined consecutive trading-day windows.
When do the Starfighters Space (FJET) RSUs held by the CFO vest?
The RSUs vest 50% on June 16, 2026, with remaining portions eligible to vest earlier or on that date. Earlier vesting depends on FJET’s closing price exceeding $17.95 or $5.38 for specified consecutive trading days beginning December 18, 2025 and in early-to-mid 2026.
Are the FJET CFO’s RSUs purely time-based or also performance-based?
The RSUs are both time-based and performance-based. Half vest on June 16, 2026 based solely on time, while multiple smaller tranches can vest earlier if Starfighters Space’s stock price exceeds $17.95 or $5.38 for certain consecutive trading-day periods defined in the award.
AI-generated analysis. How Rhea-AI works. Not financial advice.
