Saker Aviation (SKAS) CEO boosts holdings with option exercises and new grant

Rhea-AI Filing Summary

Saker Aviation Services reported insider activity by a senior leader who is a director, 10% owner, and serves as President and CEO. On 11/30/2025, the insider exercised several stock options, acquiring 3,333 shares of common stock at $2.58 per share in two separate transactions and 3,333 shares at $3.45 per share in two transactions. Following these exercises, the insider beneficially owned 271,028 shares of common stock directly.

On the same date, the insider also received a new stock option grant for 3,333 shares of common stock at an exercise price of $6.8 per share, exercisable beginning 12/01/2026 and expiring on 12/01/2030. The filing notes this option was granted under the company’s 2019 Stock Incentive Plan in a transaction exempt under Rule 16b-3.

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

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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^*

WACHTEL WILLIAM B

(Last) (First) (Middle)

885 2ND AVENUE

(Street)

NEW YORK NY 10017

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Saker Aviation Services, Inc. [ SKAS ]

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

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
11/30/2025

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/30/2025		M		3,333	A	$2.58	261,029	D
Common Stock	11/30/2025		M		3,333	A	$2.58	264,362	D
Common Stock	11/30/2025		M		3,333	A	$3.45	267,695	D
Common Stock	11/30/2025		M		3,333	A	$3.45	271,028	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	$2.58	11/30/2025		M			3,333	12/01/2021	12/01/2025	Common Stock	3,333	$0	0	D
Stock Option (Right to Buy)	$2.58	11/30/2025		M			3,333	12/01/2021	12/01/2025	Common Stock	3,333	$0	0	D
Stock Option (Right to Buy)	$3.45	11/30/2025		M			3,333	12/01/2022	12/01/2026	Common Stock	3,333	$0	0	D
Stock Option (Right to Buy)	$3.45	11/30/2025		M			3,333	12/01/2022	12/01/2026	Common Stock	3,333	$0	0	D
Stock Option (Right to Buy)	$6.8	12/01/2025		A		3,333		12/01/2026	12/01/2030	Common Stock	3,333	$0(1)	3,333	D
Stock Option (Right to Buy)	$5.4							12/01/2023	12/01/2027	Common Stock	3,333		3,333	D
Stock Option (Right to Buy)	$5.4							12/01/2023	12/01/2027	Common Stock	3,333		3,333	D
Stock Option (Right to Buy)	$7.52							12/01/2024	12/01/2028	Common Stock	3,333		3,333	D
Stock Option (Right to Buy)	$7.52							12/01/2024	12/01/2028	Common Stock	3,333		3,333	D
Stock Option (Right to Buy)	$8.13							12/01/2025	12/01/2029	Common Stock	3,333		3,333	D
Stock Option (Right to Buy)	$8.13							12/01/2025	12/01/2029	Common Stock	3,333		3,333	D

Explanation of Responses:

1. This option was granted under the Issuer's 2019 Stock Incentive Plan in a transaction exempt under Rule 16b-3.

	/s/ Mark Raab, Attorney-in-Fact for William B. Wachtel	12/02/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Saker Aviation Services (SKAS) report in this Form 4?

The company reported that a reporting person who is a director, 10% owner, and the President and CEO exercised multiple stock options on 11/30/2025, acquiring several blocks of 3,333 shares of common stock at exercise prices of $2.58 and $3.45 per share.

How many Saker Aviation (SKAS) shares did the insider own after the reported transactions?

After the option exercises on 11/30/2025, the reporting person beneficially owned 271,028 shares of Saker Aviation common stock in direct ownership.

Did the Saker Aviation (SKAS) insider receive any new stock options?

Yes. On 11/30/2025, the insider received a new stock option (right to buy) covering 3,333 shares of common stock with an exercise price of $6.8 per share, exercisable from 12/01/2026 and expiring on 12/01/2030.

Under what plan were the new Saker Aviation (SKAS) options granted?

The filing states that the new option grant was made under Saker Aviation’s 2019 Stock Incentive Plan and that the transaction is exempt under Rule 16b-3.

What roles does the reporting person hold at Saker Aviation Services (SKAS)?

The reporting person is identified as a Director, a 10% Owner, and an Officer of Saker Aviation Services, Inc., serving as President and CEO.

What happened to the exercised Saker Aviation (SKAS) stock options in Table II?

For the stock options with exercise prices of $2.58 and $3.45, the Form 4 shows transaction code M on 11/30/2025, with 3,333 derivative securities disposed of in each case and 0 derivative securities remaining beneficially owned for those specific option grants.