Saker Aviation insider buys 12,700 shares at $5.52

The managed-account owners retain voting responsibility for their shares, while a ten-percent owner disclaims beneficial ownership except for his pecuniary interest.

Rhea-AI Filing Summary

Saker Aviation Services, Inc. (SKAS) reported an indirect purchase of 12,700 common shares at $5.52 per share on October 20, 2026. Indirect holdings after the purchase were 185,503 shares: 131,370 shares owned by Cedar Creek Partners LLC and 54,133 shares held by managed accounts of Eriksen Capital Management LLC. A separate direct holding of 9,678 common shares is listed. The managed-account owners vote those shares; Howard Timothy Eriksen disclaims beneficial ownership except to the extent of his pecuniary interest. No Rule 10b5-1 plan is reported for the purchase.

Insider Trade Summary

Net Buyer: 12,700 shares

Net Buy 2 txns

Insider Eriksen Howard Timothy, ERIKSEN CAPITAL MANAGEMENT LLC, CEDAR CREEK PARTNERS LLC

Role 10% Owner | 10% Owner | 10% Owner

Bought 12,700 shs ($70K)

Type	Security	Shares	Price	Value
Purchase	Common stock F1, F2	12,700	$5.52	$70K
holding	Common stock	--	--	--

Holdings After Transaction: Common stock — 185,503 shares (Indirect, See footnote); Common stock — 9,678 shares (Direct)

Footnotes (2)

1. F1. Represents 131,370 shares owned by Cedar Creek Partners LLC, an investment partnership, for which Eriksen Capital Management LLC ("ECM") is Managing Member, and 54,133 shares owned by managed accounts of ECM. The respective owners of the managed accounts are responsible to vote the shares. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
2. F2. This Form 4 is filed jointly by ECM, Cedar Creek Partners LLC, and Mr. Eriksen. By virtue of ECM's Investment Advisory Agreement with the clients of ECM, Mr. Eriksen may be deemed to beneficially own the shares owned by Cedar Creek Partners and the managed accounts.

Key Figures

Common shares purchased: 12,700 shares Purchase price: $5.52 per share Indirect holdings after transaction: 185,503 shares +3 more

6 metrics

Common shares purchased 12,700 shares Indirect purchase on October 20, 2026

Purchase price $5.52 per share Purchase on October 20, 2026

Indirect holdings after transaction 185,503 shares Reported following the purchase

Cedar Creek Partners LLC shares 131,370 shares Shares owned by the investment partnership

Managed-account shares 54,133 shares Shares held by managed accounts of Eriksen Capital Management LLC

Direct holding 9,678 shares Common shares listed as held directly

Key Terms

Investment Advisory Agreement, pecuniary interest, beneficially own, Managing Member

4 terms

Investment Advisory Agreement financial

"ECM's Investment Advisory Agreement with the clients of ECM"

A written contract between an investor and a professional who manages or gives ongoing advice about the investor’s money, spelling out the services provided, fees charged, how decisions are made, who holds the assets, and how either side can end the relationship. It matters to investors because it sets expectations, protects rights, clarifies costs that affect returns, and reveals any potential conflicts of interest—like a roadmap and fee schedule for a paid service.

pecuniary interest financial

"except to the extent of his pecuniary interest therein"

beneficially own financial

"may be deemed to beneficially own the shares"

Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

Managing Member financial

"ECM is Managing Member"

A managing member is an owner of a limited liability company (LLC) who also has the authority and responsibility to run the company’s day-to-day operations and make business decisions on behalf of the LLC. For investors, this matters because the managing member holds the key decision-making power and accountability—like a team captain who both owns part of the team and calls the plays—which affects strategy, risk, and how quickly the company can act.

FAQ

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

How many SKAS shares were purchased, and at what price?

A reported indirect purchase involved 12,700 common shares at $5.52 per share on October 20, 2026. No Rule 10b5-1 plan is reported for the purchase.

How were the 185,503 indirectly held SKAS shares owned?

The reported indirect holdings comprised 131,370 shares owned by Cedar Creek Partners LLC and 54,133 shares held by managed accounts of Eriksen Capital Management LLC. The managed-account owners are responsible for voting those shares. Howard Timothy Eriksen disclaims beneficial ownership except to the extent of his pecuniary interest.

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

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 10/21/2026 - 10:59 AM EDT Accepted by SEC EDGAR 10/21/2026 - 10:58 AM EDT Learn about SEC filing dates

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^*

Eriksen Howard Timothy

(Last) (First) (Middle)

8695 GLENDALE RD

(Street)

CUSTER WASHINGTON 98240

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/20/2026

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

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

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

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	10/20/2026		P		12,700	A	$5.52	185,503	I(1)	See footnote(2)
Common stock								9,678	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

1. Name and Address of Reporting Person^*

Eriksen Howard Timothy

(Last) (First) (Middle)

8695 GLENDALE RD

(Street)

CUSTER WASHINGTON 98240

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

ERIKSEN CAPITAL MANAGEMENT LLC

(Last) (First) (Middle)

8695 GLENDALE RD

(Street)

CUSTER WASHINGTON 98240

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

CEDAR CREEK PARTNERS LLC

(Last) (First) (Middle)

8695 GLENDALE RD

(Street)

CUSTER WASHINGTON 98240

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

Explanation of Responses:

1. Represents 131,370 shares owned by Cedar Creek Partners LLC, an investment partnership, for which Eriksen Capital Management LLC ("ECM") is Managing Member, and 54,133 shares owned by managed accounts of ECM. The respective owners of the managed accounts are responsible to vote the shares. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

2. This Form 4 is filed jointly by ECM, Cedar Creek Partners LLC, and Mr. Eriksen. By virtue of ECM's Investment Advisory Agreement with the clients of ECM, Mr. Eriksen may be deemed to beneficially own the shares owned by Cedar Creek Partners and the managed accounts.

	/s/ Tim Eriksen	10/21/2026
	/s/ Tim Eriksen on behalf of Eriksen Capital Management LLC	10/21/2026
	/s/ Tim Eriksen on behalf of Cedar Creek Partners LLC	10/21/2026
	** 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)