Were any of Ryan Goepel’s Global Crossing Airlines (JETBF) share sales for tax withholding purposes?

Yes. A footnote states that a disposition of common shares resulted from a sale-to-cover transaction used solely to satisfy tax withholding obligations tied to RSU vesting, indicating part of the sales were mechanistic rather than discretionary selling.

Global Crossing director exercises RSUs, sells shares

Global Crossing Airlines Group Inc. director and officer Ryan Goepel reported multiple transactions in company stock.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

4/A

Rhea-AI Filing Summary

Global Crossing Airlines Group Inc. director and officer Ryan Goepel reported multiple transactions in company stock. He exercised derivative awards to acquire 420,000 shares of common stock at an exercise price of $0.00 per share through vesting of restricted stock units. On the same general timeline, he sold 158,929 common shares, including 113,329 shares at $0.48 per share, 30,051 shares at $0.40 per share, and 15,549 shares at $0.44 per share, with at least part of the disposition described as a sale-to-cover for tax withholding on RSU vesting. After these transactions, he directly owned 1,810,795 common shares.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 9 txns

Insider Goepel Ryan

Role See Remarks

Sold 158,929 shs ($73K)

Approx. gross sale proceeds $73K

Approx. exercise cost $0.00

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	50,000	$0.00	$0.00
Exercise	Common Stock	50,000	$0.00	$0.00
Sale	Common Stock	15,549	$0.44	$7K
Exercise	Restricted Stock Units	83,334	$0.00	$0.00
Exercise	Common Stock	83,334	$0.00	$0.00
Sale	Common Stock	30,051	$0.40	$12K
Sale	Common Stock	113,329	$0.48	$54K
Exercise	Restricted Stock Units	286,666	$0.00	$0.00
Exercise	Common Stock	286,666	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 623,334 contracts (Direct); Common Stock — 1,810,795 shares (Direct)

Footnotes (6)

F1. Reporting person owns only shares of issuer common stock and does not own any shares of Class A common stock or Class B common stock.
F2. Disposition of shares of common stock resulted from a sale-to-cover transaction solely to satisfy tax withholding obligations in connection with the vesting of the RSUs.
F3. Shares of common stock were acquired upon vesting and therefore conversion of an equal number of RSUs.
F4. Each RSU represents a contingent right to receive one share of the issuer's common stock pursuant to the issuer's Restricted Share Unit Plan. This award of RSUs was granted on February 3, 2025. Shares of common stock subject to this award are subject to service-based vesting conditions and these RSUs vest one-third on each of February 3, 2026, February 3, 2027, and February 3, 2028, subject to continued service through such vesting date.
F5. Each RSU represents a contingent right to receive on share of the issuer's common stock pursuant to the issuer's Restricted Share Unit Plan. This award of RSUs was granted on March 16, 2023. Shares of common stock subject to this award are subject to service-based vesting conditions and these RSUs vest one-third on each of March 16, 2024, March 16, 2025, and March 16, 2026, subject to continued service through such vesting date.
F6. Each RSU represents a contingent right to receive one share of the issuer's common stock pursuant to the issuer's Restricted Share Unit Plan. This award of RSUs was granted on March 20, 2024. Shares of common stock subject to this award are subject to service-based vesting conditions and these RSUs vest one-third on each of March 20, 2025, March 20, 2026, and March 20, 2027, subject to continued service through such vesting date.

Key Figures

RSU exercises: 420,000 shares Shares sold total: 158,929 shares Sale at $0.48: 113,329 shares +3 more

6 metrics

RSU exercises 420,000 shares Common shares acquired via RSU vesting at $0.00 exercise price

Shares sold total 158,929 shares Aggregate insider sales across three transactions

Sale at $0.48 113,329 shares Common shares sold at $0.48 per share on February 20, 2026

Sale at $0.40 30,051 shares Common shares sold at $0.40 per share on March 16, 2026

Sale at $0.44 15,549 shares Common shares sold at $0.44 per share on March 23, 2026

Post-transaction holdings 1,810,795 shares Common shares directly owned after the latest transactions

Key Terms

Restricted Stock Units, sale-to-cover, Restricted Share Unit Plan, service-based vesting conditions

4 terms

Restricted Stock Units financial

"The filing reports multiple transactions involving Restricted Stock Units converting into common stock."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

sale-to-cover financial

"Disposition of shares of common stock resulted from a sale-to-cover transaction solely to satisfy tax withholding obligations."

service-based vesting conditions financial

"Shares of common stock subject to this award are subject to service-based vesting conditions and vest one-third annually."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Ryan Goepel report for Global Crossing Airlines (JETBF)?

Ryan Goepel reported exercising restricted stock units to acquire 420,000 Global Crossing Airlines common shares at $0.00 and selling 158,929 shares at prices between $0.40 and $0.48 per share, reflecting both equity compensation activity and share dispositions.

How many Global Crossing Airlines (JETBF) shares does Ryan Goepel hold after these Form 4/A transactions?

After the reported exercises and sales, Ryan Goepel directly holds 1,810,795 shares of Global Crossing Airlines common stock. This figure reflects his position following multiple RSU vesting events and related common share sales disclosed in the Form 4/A filing.

What prices were the Global Crossing Airlines (JETBF) insider sales executed at?

The reported insider sales were executed at $0.48, $0.40 and $0.44 per share. Specifically, 113,329 shares sold at $0.48, 30,051 shares at $0.40, and 15,549 shares at $0.44, according to the Form 4/A transaction details.

What restricted stock unit activity did Global Crossing Airlines (JETBF) disclose for Ryan Goepel?

The filing shows RSU vesting that converted into 420,000 common shares at a $0.00 exercise price. These RSUs were granted under the company’s Restricted Share Unit Plan and vest in service-based annual tranches over multi-year schedules described in the footnotes.

How many Global Crossing Airlines (JETBF) shares did Ryan Goepel sell in the latest Form 4/A?

Across three reported sale transactions, Goepel disposed of 158,929 common shares. These include 113,329 shares on February 20, 2026, 30,051 shares on March 16, 2026, and 15,549 shares on March 23, 2026, as disclosed in the filing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 04/14/2026 - 11:32 AM EDT

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Goepel Ryan

(Last)

(First)

(Middle)

4200 NW 36TH ST, BLDG. 5A 4TH FLOOR

(Street)

MIAMI

FLORIDA

33166

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Global Crossing Airlines Group Inc. [ JETMF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	See Remarks

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
02/03/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)
03/27/2026

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock⁽¹⁾	02/03/2026		M		286,666	A	⁽³⁾	1,836,390	D
Common Stock⁽¹⁾	02/20/2026		S⁽²⁾		113,329	D	$0.48	1,723,061	D
Common Stock⁽¹⁾	03/16/2026		M		83,334	A	⁽³⁾	1,806,395	D
Common Stock⁽¹⁾	03/16/2026		S⁽²⁾		30,051	D	$0.4	1,776,344	D
Common Stock⁽¹⁾	03/23/2026		M		50,000	A	⁽³⁾	1,826,344	D
Common Stock⁽¹⁾	03/23/2026		S⁽²⁾		15,549	D	$0.44	1,810,795	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽³⁾	02/03/2026		M			286,666	⁽⁴⁾	02/03/2028	Common Stock	286,666	$0	573,334	D
Restricted Stock Units	⁽³⁾	03/16/2026		M			83,334	⁽⁵⁾	03/16/2026	Common Stock	83,334	$0	0	D
Restricted Stock Units	⁽³⁾	03/23/2026		M			50,000	⁽⁶⁾	03/20/2027	Common Stock	50,000	$0	50,000	D

Explanation of Responses:

1. Reporting person owns only shares of issuer common stock and does not own any shares of Class A common stock or Class B common stock.

2. Disposition of shares of common stock resulted from a sale-to-cover transaction solely to satisfy tax withholding obligations in connection with the vesting of the RSUs.

3. Shares of common stock were acquired upon vesting and therefore conversion of an equal number of RSUs.

4. Each RSU represents a contingent right to receive one share of the issuer's common stock pursuant to the issuer's Restricted Share Unit Plan. This award of RSUs was granted on February 3, 2025. Shares of common stock subject to this award are subject to service-based vesting conditions and these RSUs vest one-third on each of February 3, 2026, February 3, 2027, and February 3, 2028, subject to continued service through such vesting date.

5. Each RSU represents a contingent right to receive on share of the issuer's common stock pursuant to the issuer's Restricted Share Unit Plan. This award of RSUs was granted on March 16, 2023. Shares of common stock subject to this award are subject to service-based vesting conditions and these RSUs vest one-third on each of March 16, 2024, March 16, 2025, and March 16, 2026, subject to continued service through such vesting date.

6. Each RSU represents a contingent right to receive one share of the issuer's common stock pursuant to the issuer's Restricted Share Unit Plan. This award of RSUs was granted on March 20, 2024. Shares of common stock subject to this award are subject to service-based vesting conditions and these RSUs vest one-third on each of March 20, 2025, March 20, 2026, and March 20, 2027, subject to continued service through such vesting date.

Remarks:

President and Chief Financial Officer

	/s/ Ryan Goepel	04/14/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR