Starfighters Space (FJET) CFO gets 37,500 shares via RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Starfighters Space, Inc. Chief Financial Officer Whitney David Kirk exercised restricted stock units into 37,500 shares of common stock on March 12, 2026. This was a derivative exercise at a stated price of $0.00 per share, reflecting stock-based compensation rather than an open-market trade.
Following the transactions, he directly held 37,500 shares of common stock and 675,000 restricted stock units. The RSUs vest over time and are also tied to share price hurdles of $17.95 and $5.38 over various 10-day trading windows starting in late 2025 and through mid-2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
37,500 shares exercised/converted
Mixed
2 txns
Insider
Whitney David Kirk
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 37,500 | $0.00 | -- |
| Exercise | Common Stock | 37,500 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 675,000 shares (Direct);
Common Stock — 37,500 shares (Direct)
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.
FAQ
What did FJET CFO Whitney Kirk report in this Form 4?
Whitney David Kirk reported exercising restricted stock units into 37,500 shares of common stock. This is a stock-based compensation event, not an open-market trade, and reflects the settlement of previously granted equity awards.
What are the vesting conditions on the CFO’s remaining FJET RSUs?
The remaining RSUs vest 50% on June 16, 2026, with additional tranches vesting earlier if the stock closes above $17.95 or above $5.38 for specified 10-day trading periods starting between December 2025 and May 2026.
How many restricted stock units does the FJET CFO hold after this transaction?
After the transaction, the CFO held 675,000 restricted stock units. These units can settle into an equal number of common shares as they vest over time and meet the stated stock price performance triggers.
Is the FJET CFO’s transaction an open-market buy or sale?
No. The filing shows a derivative exercise/conversion of restricted stock units, not an open-market buy or sale. The CFO received shares at a stated price of $0.00 per share as part of an equity compensation arrangement.