Palantir Acquires 1M+ Shares of Surf Air Mobility in Strategic Investment

Q: How was the price of $2.07 per share determined for SRFM's share issuance to Palantir?

The share price was determined as the lower of: (1) the 5-day volume weighted average trading price ending on the last completed trading day prior to issuance, or (2) the closing price on the last completed trading day before issuance.

Palantir Technologies, a 10% owner of Surf Air Mobility (SRFM), has acquired 1,040,557 shares of common stock on June 18, 2025, at a price of $2.07 per share.

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Palantir Technologies, a 10% owner of Surf Air Mobility (SRFM), has acquired 1,040,557 shares of common stock on June 18, 2025, at a price of $2.07 per share. Following this transaction, Palantir's total beneficial ownership increased to 4,461,564 shares held directly.

The shares were received as consideration under a commercial arrangement between Palantir and Surf Air Mobility, where Palantir provided ordinary course services in exchange for either stock or cash. The share price was determined using the lower of:

5-day volume weighted average trading price before issuance
Closing price on the last completed trading day before issuance

This Form 4 filing was signed by Scott S. Hsu under power of attorney on June 23, 2025, reporting the transaction in compliance with SEC regulations for insider trading disclosure.

Positive

Palantir Technologies Inc., a 10% owner, increased its position by acquiring 1,040,557 shares at $2.07 per share, representing a significant investment of approximately $2.15 million
The shares were acquired as consideration for providing services, indicating a strategic business relationship between Palantir and Surf Air Mobility

Negative

None.

Insider Trade Summary

Net Buyer: 1,040,557 shares

Net Buy 1 txn

Insider Palantir Technologies Inc.

Role 10% Owner

Bought 1,040,557 shs ($2.15M)

Type	Security	Shares	Price	Value
Purchase	Common Stock	1,040,557	$2.07	$2.15M

Holdings After Transaction: Common Stock — 4,461,564 shares (Direct)

Footnotes (1)

F1. The Reporting Person received the shares as consideration under a commercial arrangement with the Issuer, pursuant to which the Reporting Person was entitled to receive shares of the Issuer's common stock or cash in exchange for the Reporting Person providing certain ordinary course services to the Issuer. In determining the number of shares that the Reporting Person was entitled to under such arrangement, the shares were valued at the lower of (i) the 5-day volume weighted average trading price ending on the last completed trading day prior to the issuance and (ii) the closing price on the last completed trading day prior to the issuance.

FAQ

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

How many shares of SRFM did Palantir Technologies acquire on June 18, 2025?

Palantir Technologies acquired 1,040,557 shares of SRFM common stock on June 18, 2025 at a price of $2.07 per share.

What is Palantir's total ownership position in SRFM after the June 2025 transaction?

Following the reported transaction, Palantir Technologies directly owned 4,461,564 shares of SRFM common stock, maintaining their position as a 10% owner of the company.

Why did Palantir receive SRFM shares in June 2025?

Palantir received the SRFM shares as compensation under a commercial arrangement where they were entitled to receive either shares or cash in exchange for providing ordinary course services to Surf Air Mobility.

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

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Accepted by SEC EDGAR 06/23/2025 - 09:19 PM

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^*

Palantir Technologies Inc.

(Last)

(First)

(Middle)

1200 17TH STREET, FLOOR 15

(Street)

DENVER

80202

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
06/18/2025

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)
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	06/18/2025		P⁽¹⁾		1,040,557	A	$2.07⁽¹⁾	4,461,564	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. The Reporting Person received the shares as consideration under a commercial arrangement with the Issuer, pursuant to which the Reporting Person was entitled to receive shares of the Issuer's common stock or cash in exchange for the Reporting Person providing certain ordinary course services to the Issuer. In determining the number of shares that the Reporting Person was entitled to under such arrangement, the shares were valued at the lower of (i) the 5-day volume weighted average trading price ending on the last completed trading day prior to the issuance and (ii) the closing price on the last completed trading day prior to the issuance.

Remarks:

	/s/ Scott S. Hsu, under power of attorney	06/23/2025
	** 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.

Source: View Original Filing on SEC EDGAR