Volato Group CEO reports RSU-based stock acquisitions in Form 4

Rhea-AI Filing Summary

Volato Group, Inc. (SOAR) reported insider equity activity by its Chief Executive Officer, who is also a director and 10% owner. The filing shows multiple acquisitions of common stock held indirectly through the CEO's spouse, including 2,072 shares at $1.41 on 07/31/2025, 3,641 shares at $1.68 on 09/15/2025, 2,670 shares at $1.68 on 10/03/2025, 5,847 shares at $1.77 on 10/01/2025, and 15,287 shares at $1.67 on 11/01/2025. Following these transactions, 311,684 common shares are beneficially owned indirectly. The company explains that these shares were delivered upon incremental vesting and settlement of restricted stock units granted under its 2023 and 2025 Stock Incentive Plans, with vesting tied to defined performance milestones.

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

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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^*

Liotta Matthew

(Last) (First) (Middle)

C/O VOLATO GROUP, INC.

1954 AIRPORT ROAD, UNIT 124

(Street)

CHAMBLEE GA 30341

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Volato Group, Inc. [ SOAR ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
07/31/2025

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	07/31/2025		A		2,072	A	$1.41	284,239	I	Held by Spouse
Common Stock	09/15/2025		A		3,641	A	$1.68	287,880	I	Held by Spouse
Common Stock	10/03/2025		A		2,670	A	$1.68	290,550	I	Held by Spouse
Common Stock	10/01/2025		A		5,847	A	$1.77	296,397	I	Held by Spouse
Common Stock	11/01/2025		A		15,287	A	$1.67	311,684	I	Held by Spouse

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:

Remarks:

Represents shares delivered to the reporting person upon the incremental vesting and settlement of a restricted stock units issued on 2025/07/31, 2025/10/03, 2025/10/01, and 2025/11/01 under the issuer's 2023 and 2025 Stock Incentive Plans. Vested shares are delivered upon the achievement of defined performance milestones.

	/s/Mark Heinen	11/18/2025
	** 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.
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.

FAQ

What does the latest Form 4 for Volato Group, Inc. (SOAR) report?

The Form 4 reports that the Chief Executive Officer of Volato Group, Inc. (SOAR), who is also a director and 10% owner, acquired additional common shares indirectly through a spouse via the vesting and settlement of restricted stock units under the company’s 2023 and 2025 Stock Incentive Plans.

How many Volato Group (SOAR) shares does the reporting person now beneficially own?

After the reported transactions, the reporting person beneficially owns 311,684 shares of Volato Group common stock indirectly, held by the spouse.

What transactions in Volato Group (SOAR) stock were reported on the Form 4?

The Form 4 lists acquisitions of Volato Group common stock held by the spouse: 2,072 shares at $1.41 on 07/31/2025, 3,641 shares at $1.68 on 09/15/2025, 2,670 shares at $1.68 on 10/03/2025, 5,847 shares at $1.77 on 10/01/2025, and 15,287 shares at $1.67 on 11/01/2025.

Are the Volato Group (SOAR) shares owned directly by the reporting person?

No. The Form 4 states that the reported common shares are held indirectly, described as “Held by Spouse,” meaning they are beneficially owned through the reporting person’s spouse.

How were the reported Volato Group (SOAR) shares obtained?

The filing explains that the shares were delivered upon incremental vesting and settlement of restricted stock units issued under Volato Group’s 2023 and 2025 Stock Incentive Plans, with vested shares delivered upon achieving defined performance milestones.

What is the reporting person’s role at Volato Group, Inc. (SOAR)?

The reporting person is identified as a Director, 10% Owner, and Chief Executive Officer of Volato Group, Inc.