[Form 4] Skywest Inc Insider Trading Activity

Rhea-AI Filing Summary

reAlpha Tech Corp. (AIRE) filed a Form 4 disclosing that CFO Piyush Phadke received two equity grants on 07/30/2025 totaling 266,118 restricted stock units (RSUs).

• 110,607 RSUs were issued under the 2025 Short-Term Incentive Plan for achieving Q2-25 performance goals.
• 155,511 RSUs were granted as regular executive compensation under the 2022 Equity Incentive Plan.

Each RSU equals one common share; 50% vest 12 months from grant, the remaining 50% vest quarterly over the following year. All awards were priced at $0 and will be forfeited if service ends before vesting. After the grants, Phadke’s direct beneficial ownership increased to 431,194 shares.

The transactions align management incentives with shareholders but represent routine, non-cash compensation rather than an open-market purchase, so near-term market impact is expected to be minimal.

Positive

• 266,118 new RSUs increase the CFO’s ownership to 431,194 shares, improving management–shareholder alignment.

Negative

• Awards are non-cash and subject to forfeiture; therefore they lack the commitment signal of an open-market insider purchase.

Insights

Corporate Governance Analyst

TL;DR: Routine RSU grants raise CFO stake; alignment positive, but no fresh capital committed—overall neutral impact.

The filing shows standard incentive-based compensation: 266,118 RSUs that will vest over two years, contingent on continued service. Beneficial ownership rises to 431,194 shares, modest for a micro-cap but helpful for aligning interests. Because the awards carry no cash cost and are subject to forfeiture, they do not signal the conviction that open-market buying would. Investors should view this as ordinary-course governance activity rather than a catalyst. Impact on valuation or liquidity is negligible.

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^*

SIMMONS ROBERT J

(Last) (First) (Middle)

444 S RIVER ROAD

(Street)

ST. GEORGE UT 84790

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SKYWEST INC [ SKYW ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
07/30/2025

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	07/30/2025		S		8,384	D	$117.0982(1)	122,819	D
Common Stock	07/30/2025		S		8,802	D	$117.7988(2)	114,017	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

Explanation of Responses:

1. Represents the weighted average sale price for the entire number of shares sold. The actual sale prices range between $116.585 and $117.58. Detailed information on the exact number of shares sold at each sale price can be obtained from the issuer upon request.

2. Represents the weighted average sale price for the entire number of shares sold. The actual sale prices range between $117.615 and $118.14. Detailed information on the exact number of shares sold at each sale price can be obtained from the issuer upon request.

	/s/ Robert J. Simmons	08/01/2025
	** 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.
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FAQ

How many shares does AIRE's CFO now own?

Following the 07/30/2025 grants, the CFO beneficially owns 431,194 common shares.

What was the size of the RSU grant disclosed in AIRE's Form 4?

The filing lists 266,118 RSUs issued in two tranches: 110,607 and 155,511 units.

When will the newly granted RSUs vest?

50% vest 12 months from 07/30/2025; the remaining 50% vest in four equal quarterly installments thereafter.

Did the CFO pay anything for the RSUs?

No. The RSUs were granted at a price of $0 as part of incentive and compensation plans.

Are the RSUs performance-based?

110,607 RSUs are tied to Q2-25 performance metrics; the remaining 155,511 RSUs are time-based compensation.