Global Crossing Airlines insider adds shares, 1.5M warrants disclosed

Q: What insider activity was reported for Global Crossing Airlines (JETMF) on this Form 4?

The Form 4 reports that a director of Global Crossing Airlines Group Inc. completed two transactions coded “M” on 11/07/2025, acquiring a total of 398,020 shares of common stock at $0.711 per share. These transactions reflect the exercise of derivative securities into common stock and update the director’s ownership position.

Q: What derivative securities related to Global Crossing Airlines are reported on this Form 4?

Table II shows acquisitions of Class A Non-Voting Common Stock derivative securities for 709,494 and 392,486 units, each immediately exercisable into an equal number of common shares, and warrants for 965,754 and 534,246 common shares with an exercise price of $1.5 per share and an expiration date of 04/29/2026.

Q: What is the 4.99% beneficial ownership limitation mentioned in the Form 4 for Global Crossing Airlines?

The explanation states that the warrants may not be exercised if, after giving effect to the exercise, the reporting persons would beneficially own more than 4.99% of the issued and outstanding common stock. This limitation caps the exercisable portion of the warrants.

Q: What is the relationship of the reporting person to Global Crossing Airlines Group Inc.?

The reporting person is identified as a Director of Global Crossing Airlines Group Inc., and the Form 4 is filed as a single reporting person filing, not a joint/group filing.

Filing Impact

(Moderate)

Filing Sentiment

(Positive)

Form Type

Rhea-AI Filing Summary

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.

Insider Trade Summary

6 transactions reported

Mixed 6 txns

Insider Jamroz Krzysztof W.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Non-Voting Common Stock	709,494	$0.729	$517K
Grant/Award	Class A Non-Voting Common Stock	392,486	$0.729	$286K
Grant/Award	Warrants	965,754	$0.01	$10K
Grant/Award	Warrants	534,246	$0.01	$5K
Exercise	Common Stock	256,260	$0.711	$182K
Exercise	Common Stock	141,760	$0.711	$101K

Holdings After Transaction: Class A Non-Voting Common Stock — 709,494 shares (Indirect, See Footnote); Warrants — 965,754 shares (Indirect, See Footnote); Common Stock — 1,818,760 shares (Direct)

Footnotes (1)

Reporting Person owns and/or controls LyonIX Aviation, LLC, the entity that holds the common stock and was granted the RSUs. Immediately exercisable and do not expire. Warrants may not be exercised to the extent that, after giving effect to such exercise, the Reporting Persons would beneficially own in excess of 4.99% of the issued and outstanding common stock after such exercise.

Form 4 Insider Transactions: What Each Field Means →

11/18/2025 - 05:11 PM

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^*

Jamroz Krzysztof W.

(Last)

(First)

(Middle)

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

(Street)

MIAMI

33166

(City)

(State)

(Zip)

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
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/07/2025

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

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

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

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	11/07/2025		M		256,260	A	$0.711	1,818,760	D⁽¹⁾
Common Stock	11/07/2025		M		141,760	A	$0.711	1,960,520	D⁽¹⁾

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)
Class A Non-Voting Common Stock	$0	11/07/2025		A		709,494		⁽²⁾	⁽²⁾	Common Stock	709,494	$0.729	709,494	I	See Footnote⁽¹⁾
Class A Non-Voting Common Stock	$0	11/07/2025		A		392,486		⁽²⁾	⁽²⁾	Common Stock	392,486	$0.729	1,101,980	I	See Footnote⁽¹⁾
Warrants	$1.5	11/07/2025		A		965,754		⁽³⁾	04/29/2026	Common Stock	965,754	$0.01	965,754	I	See Footnote⁽¹⁾
Warrants	$1.5	11/07/2025		A		534,246		⁽³⁾	04/29/2026	Common Stock	534,246	$0.01	1,500,000	I	See Footnote⁽¹⁾

Explanation of Responses:

1. Reporting Person owns and/or controls LyonIX Aviation, LLC, the entity that holds the common stock and was granted the RSUs.

2. Immediately exercisable and do not expire.

3. Warrants may not be exercised to the extent that, after giving effect to such exercise, the Reporting Persons would beneficially own in excess of 4.99% of the issued and outstanding common stock after such exercise.

	/s/ Krzysztof W. Jamroz	11/18/2025
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity was reported for Global Crossing Airlines (JETMF) on this Form 4?

The Form 4 reports that a director of Global Crossing Airlines Group Inc. completed two transactions coded “M” on 11/07/2025, acquiring a total of 398,020 shares of common stock at $0.711 per share. These transactions reflect the exercise of derivative securities into common stock and update the director’s ownership position.

How many Global Crossing Airlines common shares does the reporting person now own?

After the reported transactions on 11/07/2025, the reporting person beneficially owns 1,960,520 shares of common stock in direct form, as shown in Table I of the filing.

How are the derivative securities and warrants in Global Crossing Airlines held?

The filing notes that the reporting person owns and/or controls LyonIX Aviation, LLC, which holds the common stock and was granted the RSUs, and that the derivative securities and warrants reported in Table II are held indirectly through this entity.

What is the 4.99% beneficial ownership limitation mentioned in the Form 4 for Global Crossing Airlines?

The explanation states that the warrants may not be exercised if, after giving effect to the exercise, the reporting persons would beneficially own more than 4.99% of the issued and outstanding common stock. This limitation caps the exercisable portion of the warrants.

What is the relationship of the reporting person to Global Crossing Airlines Group Inc.?

The reporting person is identified as a Director of Global Crossing Airlines Group Inc., and the Form 4 is filed as a single reporting person filing, not a joint/group filing.