Starfighters founder holds 23.9% stake after sales
Rhea-AI Filing Summary
Starfighters Space, Inc. (FJET) is the subject of a Schedule 13D filed by founder and former CEO Richard William Svetkoff. He reports beneficial ownership of 13,119,179 common shares, representing 23.87% of the 54,996,019 issued and outstanding common shares as of August 24, 2026.
The position stems from a September 9, 2022 Equity Exchange Agreement, under which he exchanged 100% of his equity in Starfighters International, Inc. for 15,000,000 FJET shares, later transferring 830,000 of those shares to his son before SEC reporting status. Since May 2026, he has conducted a series of open-market sales through a broker at prices ranging from about $3.96 to $10.49 per share, as detailed in Schedule A. He reports sole voting and dispositive power over his remaining shares and discloses no additional agreements or arrangements regarding the securities.
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Insights
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Key Figures
Beneficial ownership: 13,119,179 common shares
Ownership percentage: 23.87%
Total issued and outstanding common shares: 54,996,019 shares
+5 more
8 metrics
Beneficial ownership
13,119,179 common shares
Shares beneficially owned by Richard William Svetkoff
Ownership percentage
23.87%
Portion of total issued and outstanding common shares as of August 24, 2026
Total issued and outstanding common shares
54,996,019 shares
Common shares outstanding as of August 24, 2026
Shares received under Equity Exchange Agreement
15,000,000 shares
Shares issued to Svetkoff on September 9, 2022 in exchange for equity in Starfighters International, Inc.
Shares transferred to son
830,000 shares
Portion of original 15,000,000-share issuance transferred to Richard Bruce Svetkoff
Highest reported sale price
$10.4877 per share
Open-market sale on 6/4/26
Lowest reported sale price
$3.9559 per share
Open-market sale on 8/4/26
Shares with sole voting and dispositive power
13,119,179 shares
Sole voting power and sole dispositive power reported
Key Terms
Schedule 13D, beneficially owned, Equity Exchange Agreement, sole voting power, +2 more
6 terms
Schedule 13D regulatory
"If the filing person has previously filed a statement on Schedule 13G..."
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
beneficially owned regulatory
"Number of Shares Beneficially Owned by Each Reporting Person With..."
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Equity Exchange Agreement financial
"The Shares were originally acquired by the Reporting Person pursuant to an Equity Exchange Agreement..."
sole voting power regulatory
"Number of Shares Beneficially Owned by Each Reporting Person With: | 7 | Sole Voting Power 13,119,179.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
sole dispositive power regulatory
"9 | Sole Dispositive Power 13,119,179.00"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
business combination financial
"Item 4. | Purpose of Transaction | Business combination and acquisition."
A business combination happens when two or more companies join together to operate as one, like two friends merging their teams into a single group. This is important because it can change how companies grow, compete, and make money, often making them bigger and more powerful in the market.
FAQ
What percentage of Starfighters Space, Inc. (FJET) does Richard William Svetkoff own?
He holds 23.87% of FJET’s outstanding common stock. This percentage is based on 54,996,019 total issued and outstanding common shares as of August 24, 2026, as reported by the company.
How did Richard William Svetkoff acquire his FJET stake?
His stake was acquired via a September 9, 2022 Equity Exchange Agreement. He transferred 100% of his equity interest in Starfighters International, Inc. to Starfighters Space, Inc. in exchange for 15,000,000 FJET shares.
What roles has Richard William Svetkoff held at Starfighters Space, Inc. (FJET)?
He is identified as the founder and former Chief Executive Officer of Starfighters Space, Inc. This background is disclosed in the identity and background section of the Schedule 13D.
AI-generated analysis. How Rhea-AI works. Not financial advice.
