Every Form 4 that Jet.AI Inc. (JTAI) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow JTAI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full JTAI filings page.
Jet.AI Inc. reported an insider equity award for its executive chairman, interim CEO and director. The filing shows a new stock option grant covering 1,778 shares of common stock at an exercise price of $24.35 per share. The board approved this option on December 26, 2023, subject to stockholder approval of an amendment to the omnibus incentive plan, which stockholders granted on September 24, 2024.
The option vests in equal monthly installments beginning January 26, 2024 and expires on September 24, 2034. The exercise price, option amount and underlying share count reflect a 1-for-225 reverse stock split of Jet.AI’s common stock that became effective on November 12, 2024. After this transaction, the insider beneficially owns 1,778 stock options directly.
Jet.AI Inc. reported that its chief operating officer and director Patrick McNulty received a stock option grant covering 399 shares of common stock at an exercise price of $24.35 per share.
The option was approved by the board on December 26, 2023, subject to stockholder approval of an amendment to the omnibus incentive plan, which stockholders granted on September 24, 2024.
The option vests in equal monthly installments beginning on January 26, 2024 and expires on September 24, 2034. The exercise price and share amounts reflect a 1-for-225 reverse stock split that became effective on November 12, 2024.
Jet.AI Inc. director and interim CFO George Murnane filed an insider report updating his ownership after a reverse stock split and correcting a prior reporting error.
The report explains that a 1-for-225 reverse split of Jet.AI common stock on November 12, 2024 reduced his 11 shares to less than one whole share, which was cashed out, leaving him with no common shares. It also clarifies that 995,754 option shares had previously been mistakenly counted as common stock in an earlier report.
The filing further discloses a stock option to acquire 267 shares of Jet.AI common stock at an exercise price of $24.35 per share, expiring September 24, 2034. The option was approved by the board on December 26, 2023, subject to stockholder approval of an omnibus incentive plan amendment granted on September 24, 2024, and it vests in equal monthly installments beginning January 26, 2024.