Surf Air CEO awarded 200,000 share units

White Deanna Leigh reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

White Deanna Leigh reported acquisition or exercise transactions in this Form 4 filing.

SURF AIR MOBILITY INC. Chief Executive Officer Deanna Leigh White received a grant of 200,000 shares in the form of restricted stock units as equity compensation. According to the award terms, 25% of the units were fully vested on the grant date and the remaining 75% will vest in three equal annual installments starting on the first anniversary of the grant, contingent on her continued service. Following this award, she directly holds 703,250 shares of the company’s common stock.

Insider Trade Summary

Grant/Award: 200,000 shares

Grant/Award 1 txn

Insider White Deanna Leigh

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	200,000	$0.00	$0.00

Holdings After Transaction: Common Stock — 703,250 shares (Direct)

Footnotes (1)

1. F1. Represents restricted stock units, 25% of which were fully vested as of the grant date and the remaining 75% of which will vest in three equal annual installments beginning on the first anniversary of the date of grant, subject to the Reporting Person's continued service through each applicable vesting date. Vested shares of common stock of the Company will be delivered to the Reporting Person on the date specified in the award agreement.

Key Figures

RSU grant size: 200,000 units Immediate vesting portion: 25% Remaining vesting portion: 75% +3 more

6 metrics

RSU grant size 200,000 units Restricted stock units granted to CEO Deanna Leigh White

Immediate vesting portion 25% Portion of RSUs vested as of the grant date

Remaining vesting portion 75% RSUs vesting in three equal annual installments

Installment count 3 annual installments Unvested RSUs vest annually starting on first anniversary

Shares after transaction 703,250 shares Total common shares directly held after the award

Reported grant price $0.0000 per share Indicates non-cash, compensation-related equity grant

Key Terms

restricted stock units, vest, annual installments, continued service, +1 more

5 terms

restricted stock units financial

"Represents restricted stock units, 25% of which were fully vested as of the grant date"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

vest financial

"the remaining 75% of which will vest in three equal annual installments"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

annual installments financial

"will vest in three equal annual installments beginning on the first anniversary"

continued service financial

"subject to the Reporting Person's continued service through each applicable vesting date"

award agreement financial

"delivered to the Reporting Person on the date specified in the award agreement"

An award agreement is a legal contract that spells out the terms of a pay or equity grant—such as stock options, restricted shares, or cash bonuses—given to an employee, director or consultant. It describes what is being granted, any conditions for keeping it (for example, earning it over time or meeting performance targets), and what happens if the person leaves or breaks rules. Investors care because these agreements affect company costs, potential share dilution and how executives are motivated and rewarded.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What equity award did SURF AIR MOBILITY INC. (SRFM) grant its CEO?

SURF AIR MOBILITY granted CEO Deanna Leigh White 200,000 restricted stock units. These units represent a form of share-based compensation that converts into common stock over time, aligning her interests with shareholders as the award vests and shares are delivered.

How does the vesting schedule work for the SRFM CEO’s 200,000 RSUs?

For this 200,000-unit grant, 25% vested immediately on the grant date. The remaining 75% will vest in three equal annual installments starting on the first anniversary, provided she continues in service on each applicable vesting date.

Is the SRFM CEO’s Form 4 transaction a market purchase or sale?

The Form 4 reports an award acquisition, not a market trade. The 200,000 shares were granted as restricted stock units with a reported price per share of $0.0000, indicating compensation rather than an open‑market purchase or sale.

How many SRFM shares does the CEO hold after this equity grant?

After the restricted stock unit grant, CEO Deanna Leigh White directly holds 703,250 shares of SURF AIR MOBILITY common stock. This figure reflects her ownership position as reported immediately following the reported transaction on the Form 4.

What conditions affect vesting of the SRFM CEO’s restricted stock units?

Vesting of the remaining 75% of the CEO’s restricted stock units is conditioned on her continued service. The units vest in three equal annual installments beginning on the first anniversary, and vested shares are delivered on the date specified in the award agreement.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/14/2026 - 09:01 PM EDT Learn about SEC filing dates

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)
04/10/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/10/2026		A(1)		200,000(1)	A	$0	703,250	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 restricted stock units, 25% of which were fully vested as of the grant date and the remaining 75% of which will vest in three equal annual installments beginning on the first anniversary of the date of grant, subject to the Reporting Person's continued service through each applicable vesting date. Vested shares of common stock of the Company will be delivered to the Reporting Person on the date specified in the award agreement.

	/s/ Douglas Sugimoto, as attorney-in-fact for Deanna White	04/14/2026
	** 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)