Surf Air Mobility CEO reports stock grant, tax sale

SURF AIR MOBILITY INC.

Accepted by SEC EDGAR 05/08/2026 - 08:49 PM EDT

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Form Type

Rhea-AI Filing Summary

SURF AIR MOBILITY INC. Chief Executive Officer Deanna Leigh White reported compensation-related stock activity. She was granted 262,102 shares of common stock on May 7, 2026 at $0.00 per share, issued under the 2025 Surf Air Mobility Executive Bonus Program.

On May 8, 2026, she sold 56,884 shares of common stock at an average price of $1.3146 per share to pay tax withholding obligations related to the share issuance. After these transactions, she directly owned 899,130 shares of common stock.

Insider Trade Summary

Net Seller: 56,884 shares

Net Sell 2 txns

Insider White Deanna Leigh

Role Chief Executive Officer

Sold 56,884 shs ($75K)

Share of Position Sold 6.0%

Type	Security	Shares	Price	Value
Sale	Common Stock	56,884	$1.3146	$75K
Grant/Award	Common Stock	262,102	$0.00	$0.00

Holdings After Transaction: Common Stock — 899,130 shares (Direct)

Holdings Before and After: Common Stock, 693,912 to 899,130 shares (Direct)

Other Insiders: 1 other insider reported open-market sales of this stock in the 30 days up to this filing.

Footnotes (2)

F1. Common stock issued pursuant to the 2025 Surf Air Mobility Executive Bonus Program.
F2. Represents shares sold to pay tax withholding obligations in connection with shares of common stock issued to the Reporting Person.

Key Figures

Stock grant: 262,102 shares Sale for taxes: 56,884 shares Average sale price: $1.3146 per share +3 more

6 metrics

Stock grant 262,102 shares Common stock granted May 7, 2026 under 2025 Executive Bonus Program at $0.00

Sale for taxes 56,884 shares Common stock sold May 8, 2026 at $1.3146 per share

Average sale price $1.3146 per share Price for 56,884 common shares sold May 8, 2026

Shares after grant 956,014 shares Total common shares held after May 7, 2026 grant

Shares after sale 899,130 shares Total common shares directly owned after May 8, 2026 sale

Net shares sold 56,884 shares Net disposition related to tax withholding obligations

Key Terms

2025 Surf Air Mobility Executive Bonus Program, open-market sale, tax withholding obligations

3 terms

2025 Surf Air Mobility Executive Bonus Program financial

"Common stock issued pursuant to the 2025 Surf Air Mobility Executive Bonus Program."

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

tax withholding obligations financial

"Represents shares sold to pay tax withholding obligations in connection with shares of common stock issued"

FAQ

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What insider transactions did SRFM’s CEO report in this Form 4?

SURF AIR MOBILITY INC.’s CEO Deanna Leigh White reported a stock grant and a related sale. She received 262,102 common shares as a bonus, then sold 56,884 shares to cover tax withholding obligations tied to that award.

How many SURF AIR MOBILITY (SRFM) shares were granted to the CEO?

The CEO received 262,102 shares of SURF AIR MOBILITY common stock. These shares were issued at $0.00 per share under the 2025 Surf Air Mobility Executive Bonus Program as a compensation award rather than an open-market purchase.

Why did the SRFM CEO sell 56,884 shares of common stock?

Deanna Leigh White sold 56,884 SURF AIR MOBILITY common shares at $1.3146 each to pay tax withholding obligations arising from her stock bonus. The footnote clarifies this was a tax-related sale, not a discretionary open-market liquidation.

What is the 2025 Surf Air Mobility Executive Bonus Program mentioned for SRFM?

The 2025 Surf Air Mobility Executive Bonus Program is the plan under which the CEO’s 262,102-share grant was issued. It functions as an executive compensation program delivering common stock awards instead of cash payments for performance or service.

How many SRFM shares does the CEO hold after these transactions?

Following the reported grant and tax-related sale, CEO Deanna Leigh White directly owns 899,130 shares of SURF AIR MOBILITY common stock. This reflects her position after receiving 262,102 shares and selling 56,884 shares to satisfy associated tax obligations.

Were any derivatives like options or warrants involved in this SRFM Form 4?

No derivative securities are shown in this Form 4. The filing only reports non-derivative common stock transactions: a 262,102-share bonus grant and a 56,884-share sale used to cover tax withholding obligations related to that stock award.

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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^*

White Deanna Leigh

(Last)

(First)

(Middle)

12111 S. CRENSHAW BLVD.

(Street)

HAWTHORNE

CALIFORNIA

90250

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
SURF AIR MOBILITY INC. [ SRFM ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/07/2026

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

X	Form filed by One Reporting Person
	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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/07/2026		A		262,102⁽¹⁾	A	$0	956,014	D
Common Stock	05/08/2026		S		56,884⁽²⁾	D	$1.3146	899,130	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Common stock issued pursuant to the 2025 Surf Air Mobility Executive Bonus Program.

2. Represents shares sold to pay tax withholding obligations in connection with shares of common stock issued to the Reporting Person.

	/s/ Douglas Sugimoto, as attorney-in-fact for Deanna White	05/08/2026
	** 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)

Source: View Original Filing on SEC EDGAR