[Form 4] flyExclusive, Inc. Insider Trading Activity
Rhea-AI Filing Summary
Gregg Hymowitz and EG Sponsor LLC reported purchases of issuer warrants in August 2025, increasing their indirect beneficial ownership of flyExclusive, Inc. The reporting persons purchased 11,005 warrants on 08/18/2025, 8,211 warrants on 08/19/2025 (weighted average purchase price for those 8,211 warrants between $0.123 and $0.130), and 336,628 warrants on 08/20/2025 (weighted average purchase price for those 336,628 warrants between $0.130 and $0.150). Each reported warrant is exercisable into Class A common stock and the transactions were purchases coded "P". Following the 08/20/2025 transactions, the number of Class A shares underlying the reported derivative securities held indirectly totaled 4,689,177. The warrants expire on December 27, 2028 as described in the S-1.
Positive
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Negative
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Insights
TL;DR: Insider purchases of warrants increased indirect exposure to 4.69M Class A shares, with warrants expiring 12/27/2028.
These filings document multiple open-market purchases of warrants by the reporting persons across three days in August 2025. The filings show weighted average prices for the August 19 and August 20 tranches and indicate the purchases were coded as acquisitions (Transaction Code P). Ownership is reported as indirect through EG Sponsor LLC with a detailed ownership chain in the footnotes. The warrants convert into Class A common stock and carry an expiration date of December 27, 2028, per the registrant's S-1 disclosure.
TL;DR: Director and 10% owner disclosed material warrant purchases and clarified the indirect ownership structure.
The Form 4 identifies Gregg Hymowitz as a director and 10% owner and discloses that EG Sponsor LLC holds the recorded securities. The footnotes trace voting and investment discretion through multiple affiliated entities and note an affiliate of GMF Capital holds ~50% membership interest in EG Sponsor. The filing includes undertakings to provide detailed price-by-price purchase information upon request, which enhances disclosure transparency.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Warrant (Right to Buy) | 336,628 | $0.1497 | $50K |
| Purchase | Warrant (Right to Buy) | 8,211 | $0.1295 | $1K |
| Purchase | Warrant (Right to Buy) | 11,005 | $0.12 | $1K |
Footnotes (1)
- The warrants will expire on December 27, 2028, 5 years after the completion of the registrant's initial business combination or earlier upon redemption or liquidation, as described in the S-1. Reflects the weighted average price of 8,211 warrants of the Issuer purchased by the Reporting Person in multiple transactions on August 19, 2025 with purchase prices ranging from $0.123 to $0.130 per warrant, inclusive. The Reporting Person hereby undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of warrants purchased at each separate price. Reflects the weighted average price of 336,628 warrants of the Issuer purchased by the Reporting Person in multiple transactions on August 20, 2025 with purchase prices ranging from $0.130 to $0.150 per warrant, inclusive. The Reporting Person hereby undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of warrants purchased at each separate price. Held by EG Sponsor. EnTrust Global Partners Offshore LP is the managing member of EG Sponsor and as such has voting and investment discretion with respect to the securities held of record by the Sponsor and may be deemed to have shared beneficial ownership (along with EnTrust Global Group LLC, EnTrust Global LLC, GH EP Holdings LLC and EG Sponsor) of the securities held directly by EG Sponsor. Gregg Hymowitz is the managing member of GH EP Holdings, LLC, which is the managing member of EnTrust Global LLC, which is the managing member of EnTrust Global Group LLC, which serves as the general partner of EnTrust Global Partners Offshore LP, and as a result, may be deemed to have shared beneficial ownership of the securities held directly by EG Sponsor. (Continued from footnote 4) An affiliate of GMF Capital has an approximately 50% membership interest in EG Sponsor. Each such person disclaims any beneficial ownership of such securities except the reported shares other than to the extent of its or his pecuniary interest therein.
