Surf Air Director Boosts Ownership with Major RSU Grant Worth Over $100K

Rhea-AI Filing Summary

Surf Air Mobility Director Tyler Painter received significant stock awards on June 26, 2025, strengthening his equity position in the company. The transactions included:

• 62,857 RSUs granted and fully vested immediately at $0 exercise price
• 33,724 RSUs granted with vesting conditions: full vesting occurs at earlier of first anniversary or day before next annual stockholder meeting

Following these transactions, Painter's total beneficial ownership consists of 111,547 shares held directly and 182 shares held indirectly through the Tyler and Sonia Painter 2020 Trust. The RSU grants suggest continued alignment between director compensation and shareholder interests, with a mix of immediate and time-based vesting structures.

Positive

• Director Tyler Painter received 62,857 fully vested RSUs worth approximately $377,142 (at current market price of $6/share), demonstrating significant equity-based compensation and alignment with shareholder interests
• Additional grant of 33,724 RSUs (worth ~$202,344) with 1-year vesting shows continued commitment to long-term director retention and alignment

Negative

• None.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Painter Tyler

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	62,857	$0.00	--
Grant/Award	Common Stock	33,724	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 77,823 shares (Direct); Common Stock — 182 shares (Indirect, By Trust)

Footnotes (1)

1. Represents restricted stock units ("RSUs"). Each RSU represents a contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock. The RSUs were fully vested as of the grant date. Represents RSUs. Each RSU represents a contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock. The RSUs will vest in full on the first to occur of (i) the first anniversary of the date of grant, or (ii) on the day immediately preceding the first annual meeting of stockholders to occur after the date of grant, subject to the Reporting Person's continued service to the Issuer. These shares are held by the Tyler and Sonia Painter 2020 Trust.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

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^*

Painter Tyler

(Last) (First) (Middle)

12111 S. CRENSHAW BLVD.

(Street)

HAWTHORNE CA 90250

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
06/26/2025

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	06/26/2025		A		62,857(1)	A	$0	77,823	D
Common Stock	06/26/2025		A		33,724(2)	A	$0	111,547	D
Common Stock								182	I	By Trust(3)

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 restricted stock units ("RSUs"). Each RSU represents a contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock. The RSUs were fully vested as of the grant date.

2. Represents RSUs. Each RSU represents a contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock. The RSUs will vest in full on the first to occur of (i) the first anniversary of the date of grant, or (ii) on the day immediately preceding the first annual meeting of stockholders to occur after the date of grant, subject to the Reporting Person's continued service to the Issuer.

3. These shares are held by the Tyler and Sonia Painter 2020 Trust.

	/s/ Douglas Sugimoto, as attorney-in-fact for Tyler Painter	06/27/2025
	** 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

How many SRFM shares did Tyler Painter acquire on June 26, 2025?

Tyler Painter acquired a total of 96,581 shares through RSUs on June 26, 2025, consisting of 62,857 fully vested RSUs and 33,724 RSUs that vest either on the first anniversary or before the next annual stockholder meeting.

What is the vesting schedule for Tyler Painter's new SRFM RSU grant?

The 33,724 RSUs will vest in full upon the earlier of: (1) the first anniversary of the grant date, or (2) the day immediately preceding the first annual meeting of stockholders after the grant date, subject to Painter's continued service with SRFM.

What is Tyler Painter's total SRFM stock ownership after the June 26, 2025 transactions?

Following the transactions, Tyler Painter beneficially owns 111,729 SRFM shares in total, consisting of 111,547 shares held directly and 182 shares held indirectly through the Tyler and Sonia Painter 2020 Trust.

What positions does Tyler Painter hold at SRFM?

According to the Form 4 filing, Tyler Painter serves as a Director of SRFM. This is indicated by the 'X' marked in the Director box under the Relationship of Reporting Person(s) to Issuer section.

What was the purchase price of SRFM shares acquired by Tyler Painter?

Tyler Painter received the shares at $0 cost through restricted stock unit (RSU) grants. Both the 62,857 fully vested RSUs and 33,724 unvested RSUs were acquired at no cost to the director.