SURF AIR CFO granted 150,000 restricted stock units
Reeves Oliver reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
Reeves Oliver reported acquisition or exercise transactions in this Form 4 filing.
SURF AIR MOBILITY INC. Chief Financial Officer Oliver Reeves reported an award of 150,000 shares of Common Stock in the form of restricted stock units at no cash cost. According to the terms, 25% of the units were fully vested on the grant date, and the remaining 75% will vest in three equal annual installments beginning on the first anniversary of the grant, subject to his continued service. Following this compensation grant, he directly holds 318,438 shares.
Insider Trade Summary
Grant/Award: 150,000 shares
Grant/Award
1 txn
Insider
Reeves Oliver
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 150,000 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 318,438 shares (Direct)
Footnotes (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: 150,000 shares
Grant price: $0.00 per share
Immediate vesting portion: 25%
+2 more
5 metrics
RSU grant size
150,000 shares
Restricted stock unit award to CFO on grant date
Grant price
$0.00 per share
Reported transaction price for RSU award
Immediate vesting portion
25%
Portion of RSUs vested as of grant date
Remaining vesting portion
75%
RSUs vesting in three equal annual installments
Post-award holdings
318,438 shares
Total Common Stock held directly after transaction
Key Terms
restricted stock units, vest, award agreement
3 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.
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 insider transaction did SURF AIR MOBILITY (SRFM) report for CFO Oliver Reeves?
SURF AIR MOBILITY reported that CFO Oliver Reeves received a grant of 150,000 restricted stock units of Common Stock. The award was reported at a price of $0.00 per share as part of his compensation package, not an open-market purchase or sale.
How do the 150,000 restricted stock units for SRFM’s CFO vest?
The 150,000 restricted stock units vest over time. Footnotes state 25% were fully vested on the grant date, while the remaining 75% vest in three equal annual installments starting on the first anniversary, assuming Reeves continues in service through each vesting date.
Did the SRFM CFO pay cash for the 150,000 restricted stock units granted?
No, the Form 4 lists the transaction price as $0.00 per share for the 150,000 restricted stock units. This indicates a compensation-related equity award rather than a cash purchase in the open market, aligning with typical executive incentive structures.
What are CFO Oliver Reeves’ holdings in SURF AIR MOBILITY after this award?
After this restricted stock unit grant, CFO Oliver Reeves is shown as directly holding 318,438 shares of Common Stock. This post-transaction figure reflects his beneficial ownership reported in the filing and provides context for the size of the new equity award.
What conditions apply to vesting of SRFM CFO’s restricted stock units?
The award vests based on continued service. Footnotes explain that the remaining 75% of the restricted stock units vest in three equal annual installments only if Reeves continues serving through each vesting date, with delivery timing specified in the award agreement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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