Surf Air CEO covers taxes with 27,720 share sale

SURF AIR MOBILITY INC.

Rhea-AI Filing Summary

SURF AIR MOBILITY INC. Chief Executive Officer Deanna Leigh White disposed of 27,720 shares of Common Stock in two open-market sales at $1.3055 per share. Footnotes state the shares were sold solely to pay tax withholding obligations related to vesting of performance-based and time-based restricted stock units granted to her.

After these transactions, she directly holds 675,530 Common Stock shares. The filing shows no remaining derivative securities in this report, indicating these were routine tax-related share sales tied to equity compensation vesting rather than discretionary portfolio changes.

Insider Trade Summary

Net Seller: 27,720 shares

Net Sell 2 txns

Insider White Deanna Leigh

Role Chief Executive Officer

Sold 27,720 shs ($36K)

Type	Security	Shares	Price	Value
Sale	Common Stock	13,860	$1.3055	$18K
Sale	Common Stock	13,860	$1.3055	$18K

Holdings After Transaction: Common Stock — 675,530 shares (Direct)

Footnotes (2)

1. F1. Represents shares sold to pay tax withholding obligations in connection with the vesting of shares of performance-based restricted stock units granted to the Reporting Person.
2. F2. Represents shares sold to pay tax withholding obligations in connection with the vesting of shares of restricted stock units granted to the Reporting Person.

Key Figures

Shares sold: 27,720 shares Sale price: $1.3055 per share Shares after transaction: 675,530 shares +1 more

4 metrics

Shares sold 27,720 shares Common Stock sold on 2026-04-16 to cover tax withholding

Sale price $1.3055 per share Average price for Common Stock sales on 2026-04-16

Shares after transaction 675,530 shares CEO’s direct Common Stock holdings following reported sales

Number of sale transactions 2 transactions Two open-market Common Stock sales of 13,860 shares each

Key Terms

open-market sale, performance-based restricted stock units, restricted stock units, tax withholding obligations

4 terms

open-market sale financial

"transaction_action: "open-market sale" for Common Stock"

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.

performance-based restricted stock units financial

"vesting of shares of performance-based restricted stock units granted"

Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.

restricted stock units financial

"vesting of shares of restricted stock units granted to the Reporting Person"

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.

tax withholding obligations financial

"shares sold to pay tax withholding obligations in connection with the vesting"

FAQ

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

What insider transaction did SURF AIR MOBILITY (SRFM) report for its CEO?

SURF AIR MOBILITY reported that CEO Deanna Leigh White sold 27,720 Common Stock shares at $1.3055 per share. The filing explains these sales covered tax withholding obligations from vesting restricted stock unit awards previously granted as compensation.

Why did the SRFM CEO sell 27,720 shares of Surf Air Mobility stock?

The shares were sold to pay tax withholding obligations triggered by vesting equity awards. Footnotes specify the transactions relate to performance-based and time-based restricted stock units granted to the CEO, making them routine tax-driven dispositions rather than discretionary sales.

How many Surf Air Mobility (SRFM) shares does the CEO hold after these Form 4 sales?

After the reported transactions, CEO Deanna Leigh White directly owns 675,530 Common Stock shares. This remaining stake shows she continues to hold a substantial equity position in SURF AIR MOBILITY INC. following the tax-related share sales disclosed in the Form 4.

At what price were the Surf Air Mobility (SRFM) CEO’s shares sold?

Both reported transactions occurred at an average price of $1.3055 per share. The Form 4 lists two separate open-market sales of 13,860 Common Stock shares each, all executed at this same per-share price to satisfy tax withholding obligations.

Were any derivative securities involved in the latest SRFM Form 4 filing?

No derivative securities appear in this Form 4. The filing shows only non-derivative Common Stock sales used for tax withholding, and the derivative summary section is empty, indicating no options or other derivatives were exercised or reported in this transaction set.

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

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Accepted by SEC EDGAR 04/17/2026 - 08:44 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)
04/16/2026

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	04/16/2026		S		13,860(1)	D	$1.3055	689,390	D
Common Stock	04/16/2026		S		13,860(2)	D	$1.3055	675,530	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 shares sold to pay tax withholding obligations in connection with the vesting of shares of performance-based restricted stock units granted to the Reporting Person.

2. Represents shares sold to pay tax withholding obligations in connection with the vesting of shares of restricted stock units granted to the Reporting Person.

	/s/ Douglas Sugimoto, as attorney-in-fact for Deanna White	04/17/2026
	** 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)