[Form 4] Surf Air Mobility Inc. Insider Trading Activity

Rhea-AI Filing Summary

John J. D'Agostino, a director of Surf Air Mobility Inc. (SRFM), reported a disposition of common stock on 08/26/2025. The Form 4 shows a transaction coded "G" for 6,022 shares at a price listed as $0, and reports 111,547 shares beneficially owned following the transaction. The filing lists the reporting persons address in Hawthorne, California, and the Form 4 was signed by Douglas Sugimoto as attorney-in-fact on 08/28/2025.

Positive

• Timely disclosure of the insider transaction filed and signed on 08/28/2025.
• Substantial retained ownership after the disposition: 111,547 shares remain beneficially owned.

Negative

• Reduction in direct holdings by 6,022 shares as shown on 08/26/2025.

Insights

Corporate Governance Expert

TL;DR: Director reported a non-cash disposition of 6,022 shares, leaving substantial direct holdings of 111,547 shares.

The filing documents a single non-derivative disposal on 08/26/2025 by director John J. D'Agostino. The transaction is coded "G" with a price of $0, and the director retains 111,547 shares after the reported disposal. This is a routine insider disclosure that provides transparency about a change in beneficial ownership but does not include any additional context about purpose or counterparty.

Securities Analyst

TL;DR: Routine Form 4 disclosure; the disposal reduces direct holdings modestly and was reported promptly by attorney-in-fact.

The Form 4 indicates a disposal of 6,022 common shares on 08/26/2025 and shows the remaining direct beneficial ownership. The filing was executed by an attorney-in-fact and dated 08/28/2025, demonstrating timely compliance with Section 16 reporting. There are no derivative transactions or cash proceeds disclosed in the form.

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
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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^*

D'AGOSTINO JOHN J.

(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)
08/26/2025

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	08/26/2025		G		6,022	D	$0	111,547	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:

	/s/ Douglas Sugimoto, as attorney-in-fact for John D'Agostino	08/28/2025
	** 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

What transaction did John J. D'Agostino report for SRFM?

The Form 4 reports a disposal of 6,022 common shares on 08/26/2025 with transaction code G and a price listed as $0.

How many SRFM shares does the reporting person own after the reported transaction?

The filing reports 111,547 shares beneficially owned following the reported transaction.

Who signed the Form 4 for John J. D'Agostino and when?

The Form 4 is signed by /s/ Douglas Sugimoto, as attorney-in-fact for John D'Agostino and dated 08/28/2025.

What is the reporting person's relationship to Surf Air Mobility (SRFM)?

The Form 4 identifies the reporting person, John J. D'Agostino, as a Director of Surf Air Mobility Inc.