Sky Harbour Group Corporation develops, leases and manages private aircraft hangar "Home Base Operator" campuses across the U.S., targeting airports with high business-jet traffic and severe hangar shortages. The company operates 61 hangars with about 1,023,634 rentable square feet and 78.1% occupancy as of December 31, 2025.
Sky Harbour holds long-term ground leases at more than 20 airports and is building a large development pipeline of 74 additional hangars totaling roughly 2.7 million rentable square feet, with estimated construction costs of $690.0–$761.4 million. Revenue is driven mainly by long-term leases to 85 diversified tenants, supported by 112 employees, but the business faces significant risks from high secured debt, refinancing needs for its bonds and loans, competition from FBOs and other hangar operators, construction cost inflation and delays, tenant and ground-lease renewal risk, regulatory and environmental compliance obligations, climate and catastrophe exposure, cybersecurity threats, and the constraints of operating under airport-controlled ground leases.
Sky Harbour Group Corp Chief Financial Officer Francisco Gonzalez reported new equity awards and updated holdings. On February 18, 2026, he received 340,807 non‑qualified stock options with an exercise price of $0.0000 per share and 203,390 shares of Class A common stock, both as grants/awards. These awards were granted under the 2022 Incentive Award Plan and vest in installments as long as he remains in service through each vesting date. Following the latest grant, his directly held Class A common stock position is shown as 724,908 shares, and a footnote states this includes 199,559 shares and 510,029 restricted stock units, which each convert into one share upon vesting. The filing also references a prior tax‑withholding disposition of 15,320 shares on May 17, 2023 related to RSU vesting.
Sky Harbour Group Corp Chief Executive Officer Tal Keinan reported new equity awards and a prior tax-related share withholding. On February 18, 2026, he was granted 358,744 non-qualified stock options at an exercise price of $0.0000 and 225,989 shares of Class A Common Stock as a grant or award acquisition.
Footnotes state these awards were granted under the 2022 Incentive Award Plan, with stock options and restricted stock units vesting in installments if he remains in service through each vesting date. A separate May 17, 2025 entry shows a tax-withholding disposition of 6,445 Class A shares tied to vesting of 12,500 RSUs, with the withheld shares used to satisfy tax liabilities.
Sky Harbour Group Corp reported that Chief Accounting Officer Michael Weber Schmitt received equity awards as part of his compensation. On February 18, 2026, he was granted 62,780 non-qualified stock options and 33,898 shares of Class A common stock in the form of restricted stock units under the 2022 Incentive Award Plan, all at a reported price of $0.00 per share and subject to vesting conditions tied to continued service. The filing also shows a prior disposition of 3,011 Class A shares on May 17, 2025, representing shares withheld to cover tax obligations arising from RSU vesting rather than an open-market sale.
Adler Gerald reported acquisition or exercise transactions in this Form 4 filing.
Sky Harbour Group Corp reported that its GC & Corporate Secretary, Gerald Adler, received a grant of 2,825 restricted stock units (RSUs) tied to Class A Common Stock. Each RSU represents the right to receive one share upon vesting, subject to continued service. Following this award, Adler holds 25,220 RSUs in total, which will vest in installments according to the applicable RSU agreement.
Nancoo Alethia reported acquisition or exercise transactions in this Form 4 filing.
Sky Harbour Group Corp director Alethia Nancoo received a grant of 7,910 restricted stock units (RSUs) of Class A Common Stock at no cash cost, under the company’s 2022 Incentive Award Plan. Each RSU can settle into one share as it vests over time, subject to continued service.
She also reports 1,000 shares of Class A Common Stock held directly and 568 shares held indirectly through her spouse, for which she disclaims beneficial ownership except to the extent of her pecuniary interest. This filing reflects updated equity-based compensation and ownership details.
Sky Harbour Group Corp reported that director Nick Wellmon received a grant of 7,910 restricted stock units, each tied to one share of Class A common stock upon vesting. These RSUs vest in installments if he remains in service through each vesting date.
After this award, Wellmon holds a total of 42,233 RSUs, reflecting his direct equity-based stake in the company that will convert into Class A common shares only as the awards vest.
Leiponis Lysa reported acquisition or exercise transactions in this Form 4 filing.
Sky Harbour Group Corp director Lysa Leiponis received a grant of 7,910 restricted stock units (RSUs) of Class A common stock on February 18, 2026 under the company’s 2022 Incentive Award Plan. The award was recorded at a price of $0.00 per share, reflecting a stock-based compensation grant rather than an open‑market purchase.
Each RSU represents the right to receive one share of Class A common stock as the units vest under the related RSU agreement, provided she remains in service through the vesting dates. After this grant, her reported holdings include 42,233 RSUs of Sky Harbour Group Corp.
Sky Harbour Group Corporation completed a $150 million financing through tax-exempt revenue bonds issued for its subsidiary Sky Harbour Capital III LLC. The Series 2026 Bonds carry a 6.000% interest rate, paid semi-annually, with a mandatory tender on January 1, 2031 and final maturity on July 1, 2060.
The bonds are secured by a loan to the subsidiary and residual cash flows from certain projects, and are structurally subordinate to existing 2021 revenue bonds and a term loan facility of up to $200 million. Proceeds will help finance or refinance construction and improvements of aircraft storage facilities, fund a debt service reserve, pay capitalized interest through January 1, 2029, and cover issuance costs.
Sky Harbour Group Corporation issued 40,000 shares of its Class A common stock in a registered direct offering to Yorkville, tied to a previously issued non-convertible, unsecured promissory note with a principal amount of $10 million.
The shares were issued under an effective Form S-3 shelf registration statement and related prospectus, with a prospectus supplement filed on February 3, 2026. A legal opinion from Morrison & Foerster LLP on the validity of the shares was filed as an exhibit.