Global Crossing SEC Filings

Global Crossing Airlines Group Inc. director and officer Ryan Goepel reported open-market sales of common stock totaling 158,929 shares across three transactions on February 20, 2026, March 16, 2026 and March 23, 2026, at prices between $0.40 and $0.48 per share.

Following these sales, he directly holds 1,390,795 shares of common stock. He also holds restricted stock units representing 573,334 underlying shares expiring on February 3, 2028 and 50,000 underlying shares expiring on March 20, 2027, which vest over time based on continued service.

Ryan Goepel filed a Form 144 to sell Common Stock of Global Crossing Airlines.

The filing lists proposed securities related to recent RSU vesting: 83,334 shares vested on 03/16/2026 and 50,000 shares vested on 03/20/2026. The disclosure also reports a prior sale of 113,329 shares on 02/20/2026.

Global Crossing Airlines Group Inc. reported strong fourth quarter and full-year 2025 results, highlighted by its first-ever annual positive operating income and record operating cash flow. Full-year revenue rose to $246.3 million from $223 million, while EBITDA jumped to $20.9 million from $5 million.

EBITDAR increased to $78.3 million from $62 million, and net loss narrowed to $3 million from $11 million, reflecting better aircraft utilization and cost controls. In Q4 2025, revenue edged up to $60.3 million, EBITDA was $5.3 million, and operating cash flow reached $18.6 million. Year-end cash and restricted cash totaled $20.5 million, up from $14.0 million.

Global Crossing Airlines Group Inc. operates a U.S. Part 121 ACMI and charter airline using the Airbus A320 family, serving the U.S., Europe, Canada, the Caribbean, and Central and South America. The company had an aggregate market value of $27,173,759 of non‑affiliate equity as of June 30, 2025.

Shares outstanding totaled 66,351,785 as of March 2, 2026, including common and Class A and B non‑voting stock. The fleet grew to 16 passenger and 4 cargo aircraft at December 31, 2025, with plans to expand passenger aircraft to twenty‑one over the next 12 months.

GlobalX highlights a limited operating history, ongoing net losses, negative operating cash flow, and significant aircraft‑related fixed obligations as key risks, along with heavy regulation, fuel price volatility, seasonality and dependence on the A320 family. A May 2025 cybersecurity incident was contained without operational disruption or material financial impact, and a small legal matter with a former executive was settled for approximately $4,000.

Global Crossing Airlines Group Inc. Executive Chairman Krzysztof W. Jamroz filed a Schedule 13D reporting beneficial ownership of 2,060,520 shares of common stock, representing 5.06% of the outstanding class, held through his wholly owned entity LyonIX Aviation I, LLC.

On November 7, 2025, Lyon acquired 398,020 common shares, warrants to purchase 1,500,000 common shares, and 1,101,980 shares of Class A Non-Voting Common Stock for an aggregate purchase price of $1,100,728.93, funded with Mr. Jamroz’s personal funds. The warrants and Class A Non-Voting shares cannot be exercised or converted if doing so would push his beneficial ownership above 4.99%. Lyon has also been issued 1,499,000 restricted stock units that vest on August 3, 2026.

Galloway Capital Partners, Galloway Capital, LP and Bruce Galloway have disclosed a significant ownership position in Global Crossing Airlines Group Inc. common stock. As of December 9, 2025, they beneficially owned 4,082,000 shares, representing about 6.24% of the company’s outstanding common shares, based on 65,387,229 shares outstanding as of November 5, 2025.

The group acquired its position through open market purchases from August 2024 through December 2025 at an aggregate purchase price of approximately $0.69 per share, using investment capital from the reporting entities and Bruce Galloway. They state the investment is for investment purposes, but also indicate they may buy more or sell shares and intend to engage the board and management on performance, operations, governance, capital allocation and strategy, believing the company’s share price is undervalued and trading at a significant discount.

Global Crossing Airlines Group Inc. reported the results of its 2025 Annual Meeting of Stockholders held in Miami on December 10, 2025. Stockholders elected six directors—Andrew Axelrod, Alan Bird, T. Allan McArtor, Chris Jamroz, Deborah Robinson, and Cordia Harrington—with each nominee receiving around 94%–96% of votes cast, such as 17,600,169 votes for Axelrod, representing 95.86% support, and broker non-votes of 13,142,203 on each director item.

Stockholders also reapproved the company’s Incentive Stock Option Plan, Restricted Share Unit Plan, and Performance Share Unit Plan, each receiving over 93% of votes cast, for example 17,331,695 votes for the Performance Share Unit Plan, or 94.40% support. In addition, 30,907,808 votes, or 98.11% of votes cast, supported the ratification of Rosenberg Rich Baker Berman P.A. as independent registered public accounting firm for the fiscal year ending December 31, 2025.

Global Crossing Airlines Group Inc. director reports equity transactions and updated holdings. On 11/07/2025, the reporting person executed two transactions coded “M,” acquiring a total of 398,020 shares of common stock at a price of $0.711 per share. Following these transactions, the reporting person beneficially owns 1,960,520 shares of common stock in direct form. The filing also reports acquisitions of 709,494 and 392,486 derivative securities tied to Class A Non-Voting Common Stock, immediately exercisable into an equal number of common shares, and warrants for 965,754 and 534,246 common shares with a $1.5 exercise price expiring on 04/29/2026, all held indirectly through LyonIX Aviation, LLC. The warrants include a limitation that they may not be exercised if such exercise would result in beneficial ownership above 4.99% of the outstanding common stock.