Surf Air Mobility Inc. SEC Filings

Surf Air Mobility (SRFM) Form 4: Director Shawn Pelsinger reported equity awards on 10/08/2025. Two grants were recorded: 46,667 and 16,685 restricted stock units (RSUs), shown as common stock acquisitions at $0 per unit. Following these transactions, the filing lists 63,352 shares beneficially owned.

Vesting terms: the 46,667 RSUs vest in full on the first anniversary of the grant date, subject to continued service. The 16,685 RSUs vest in full on the first to occur of June 26, 2026 or the day immediately preceding the first annual meeting of stockholders after the grant date, also subject to continued service.

Surf Air Mobility Inc. (SRFM) filed a Form 3 initial statement for a reporting person serving as a Director, stating no securities are beneficially owned.

The date of the event requiring the statement was 10/08/2025. The filing was executed by /s/ Douglas Sugimoto as attorney-in-fact for Shawn Pelsinger, with an accompanying Exhibit 24.1 Power of Attorney, and was signed on 10/20/2025.

Reporting person: Palantir Technologies Inc. filed a Form 4 regarding its holdings in Surf Air Mobility Inc. (SRFM). The filing states that as of September 8, 2025 the issuer had 44,789,644 shares outstanding and, due to an increase in outstanding shares, the reporting person now beneficially owns 4,461,564 shares. Because this holding represents less than 10% of outstanding shares, the reporting person is no longer subject to Section 16 reporting requirements for transactions on or after that date.

Palantir Technologies Inc. reported beneficial ownership of 4,461,564 shares of Surf Air Mobility Inc. common stock, representing 9.9% of the outstanding class as of September 8, 2025. The percentage is calculated using 44,789,644 shares outstanding provided by the issuer. The filing states the shares were not acquired to change or influence control of the issuer and are held with sole voting and dispositive power by Palantir. The statement is signed by an attorney‑in‑fact for Palantir on September 9, 2025.

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.

Schedule 13G/A disclosure on Surf Air Mobility common stock shows two reporting persons—CVI Investments, Inc. (Cayman) and Heights Capital Management, Inc. (Delaware)—reporting no beneficial ownership. Each reporting person states 0 shares and 0% of the class, and Heights is identified as the investment manager to CVI, potentially holding voting and dispositive power over any CVI-owned shares. Both reporting persons disclaim beneficial ownership except for any pecuniary interest. The filing references a Limited Power of Attorney and a Joint Filing Agreement as exhibits (previously filed), clarifying agency and joint-filing arrangements.

Surf Air Mobility Inc. (SRFM) reported lower six-month revenue of $50.9 million versus $63.0 million a year earlier and a net loss of $46.5 million compared with $63.9 million for the same period in 2024, showing narrower but still substantial losses. Operating losses decreased to $34.5 million for the six months ended June 30, 2025 from $59.7 million. Cash, cash equivalents and restricted cash totaled $27.5 million at June 30, 2025, supported by net equity proceeds of $31.4 million during the period. The balance sheet shows total assets of $128.98 million against total liabilities of $244.47 million, producing a shareholders' deficit of $115.48 million. The company disclosed defaults on federal excise taxes ($8.8 million) and property taxes (~$1.8 million), a defaulted SAFE-T note ($0.5 million principal), and a Mandatory Convertible Security outstanding principal of $29.1 million with a fair-value liability of $18.4 million. Management states that these factors raise substantial doubt about the company’s ability to continue as a going concern.