Liam Fayed discloses 9.99% Surf Air Mobility (SRFM) stake via LamVen

Rhea-AI Filing Summary

Surf Air Mobility Inc. major shareholder Liam Fayed reports beneficial ownership of 6,663,920 common shares, representing 9.99% of the class. This total includes 306,083 shares held directly and 6,357,837 shares held through affiliated entity LamVen LLC.

LamVen participated in financing transactions that closed on November 12, 2025, acquiring 1,506,024 shares and receiving a 2025 warrant to purchase an additional 1,506,024 shares. The 2025 warrant contains a 9.99% beneficial ownership cap tied to outstanding common stock, limiting further exercises. The filing is based on 63,223,450 shares outstanding as of November 20, 2025 and certifies that the holdings are not for the purpose of influencing control.

Insights

Equity ownership and disclosure analyst

Filing updates a near-10% Surf Air stake with capped warrant rights.

The disclosure shows Liam Fayed and affiliate LamVen LLC holding 6,663,920 Surf Air Mobility common shares, or 9.99% of the class, based on 63,223,450 shares outstanding as of November 20, 2025. LamVen alone accounts for 6,357,837 shares.

Recent financing on November 12, 2025 added 1,506,024 shares to LamVen and a 2025 warrant for another 1,506,024 shares. A key feature is the warrant’s 9.99% beneficial ownership limitation, which restricts exercises once combined holdings would exceed that threshold.

The investors certify a passive intent, stating the securities were not acquired to change or influence control. Actual influence on Surf Air Mobility depends on future exercises under the warrants and any changes in the company’s outstanding share count disclosed in later filings.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

SURF AIR MOBILITY INC.

(Name of Issuer)

Common Stock, Par Value $.0001

(Title of Class of Securities)

868927203

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 868927203

1

Names of Reporting Persons

Liam Fayed

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED KINGDOM

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 306,083.00
6	Shared Voting Power 6,357,837.00
7	Sole Dispositive Power 306,083.00
8	Shared Dispositive Power 6,357,837.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,663,920.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.99 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

CUSIP No. 868927203

1

Names of Reporting Persons

LamVen LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 6,357,837.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 6,357,837.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,357,837.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.53 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: SURF AIR MOBILITY INC.
(b)	Address of issuer's principal executive offices: 12111 S. Crenshaw Blvd., Hawthorne, CA 90250
Item 2.
(a)	Name of person filing: This statement on Schedule 13G/A is being jointly filed by (i) Liam Fayed and (ii) LamVen LLC ("LamVen" and, together with Liam Fayed, the "Reporting Persons"). LamVen LLC is an entity affiliated with Mr. Fayed.
(b)	Address or principal business office or, if none, residence: The address of the Reporting Persons is 53 Greenwich Avenue, Second Floor, Greenwich, CT 06830.
(c)	Citizenship: Mr. Fayed is a citizen of the United Kingdom, and LamVen LLC is incorporated under the laws of Delaware.
(d)	Title of class of securities: Common Stock, Par Value $.0001
(e)	CUSIP No.: 868927203
Item 4.	Ownership
(a)	Amount beneficially owned: The Reporting Persons beneficially own 6,663,920 shares of Common Stock, consisting of (i) 306,083 shares of Common Stock beneficially owned by Liam Fayed and (ii) 6,357,837 shares of Common Stock beneficially owned by LamVen and Liam Fayed as of November 12, 2025. As part of financing transactions that closed on November 12, 2025, LamVen acquired 1,506,024 shares of Common Stock and was issued a warrant (the "2025 Warrant") to purchase an aggregate of 1,506,024 shares of Common Stock. The 2025 Warrant provides that LamVen is prohibited from exercising the warrant for such number of shares of Common Stock as would result in beneficial ownership of Common Stock by LamVen (together with any other persons whose beneficial ownership could be aggregated with LamVen's for the purposes of Section 13(d), which includes Liam Fayed) exceeding 9.99% of all outstanding Common Stock, subject to certain exceptions. LamVen LLC is also entitled to certain customary rights with respect to the registration of 3,389,398 shares of common stock issuable upon exercise of a warrant dated November 14, 2024 (the "2024 Warrant"). The number of shares of Common Stock is reported in this statement with reference to the number of shares of outstanding Common Stock as of November 20, 2025. To the extent the number of shares of outstanding Common Stock increases, the number of shares of Common Stock beneficially owned by the Reporting Person would increase. To the extent the number of shares of outstanding Common Stock decreases, the number of shares of Common Stock beneficially owned by the Reporting Person would decrease.
(b)	Percent of class: The information required by Item 4(b) is set forth in Row 11 of the cover page for each of the Reporting Persons and is incorporated herein by reference. Calculated based on 63,223,450 shares of the Common Stock outstanding as of November 20, 2025, as reported in the Issuer's prospectus, filed with the Securities and Exchange Commission pursuant to Rule 424(b)(5) on November 24, 2025.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: The information required by Item 4(c)(i) is set forth in Row 5 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
	(ii) Shared power to vote or to direct the vote: The information required by Item 4(c)(ii) is set forth in Row 6 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
	(iii) Sole power to dispose or to direct the disposition of: The information required by Item 4(c)(iii) is set forth in Row 7 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
	(iv) Shared power to dispose or to direct the disposition of: The information required by Item 4(c)(iv) is set forth in Row 8 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Liam Fayed

Signature:	/s/ Liam Fayed
Name/Title:	Liam Fayed
Date:	02/17/2026

LamVen LLC

Signature:	/s/ Liam Fayed
Name/Title:	Liam Fayed, President
Date:	02/17/2026

Comments accompanying signature: Exhibit 99.1 Joint Filing Agreement

FAQ

What ownership stake did Liam Fayed report in Surf Air Mobility (SRFM)?

Liam Fayed reported beneficial ownership of 6,663,920 Surf Air Mobility common shares, equal to 9.99% of the class. This includes 306,083 shares held directly and 6,357,837 shares held through affiliated entity LamVen LLC, based on 63,223,450 shares outstanding.

Who is LamVen LLC and how many Surf Air Mobility (SRFM) shares does it hold?

LamVen LLC is an entity affiliated with Liam Fayed and jointly files this ownership report. LamVen beneficially owns 6,357,837 Surf Air Mobility common shares, all with shared voting and dispositive power, representing 9.53% of the outstanding common stock as of November 20, 2025.

What new Surf Air Mobility securities did LamVen acquire in November 2025?

As part of financing transactions that closed November 12, 2025, LamVen acquired 1,506,024 Surf Air Mobility common shares and received a 2025 warrant to purchase an additional 1,506,024 shares. These holdings are included within the reported beneficial ownership subject to the warrant’s ownership limitation.

How is the 9.99% ownership limitation structured for LamVen’s Surf Air warrant?

The 2025 warrant prohibits LamVen from exercising it for any shares that would cause LamVen and any aggregated persons, including Liam Fayed, to own more than 9.99% of Surf Air’s outstanding common stock, effectively capping exercisable warrant shares at that threshold at any time.

On what share count is the Surf Air Mobility (SRFM) ownership percentage calculated?

The reported ownership percentages use 63,223,450 Surf Air Mobility common shares outstanding as of November 20, 2025. That number comes from the company’s prospectus filed with the SEC under Rule 424(b)(5), and it serves as the denominator for the 9.99% and 9.53% calculations.

Does this Surf Air Mobility ownership filing indicate an attempt to gain control?

The reporting persons state the securities were not acquired and are not held to change or influence control of Surf Air Mobility. They certify the holdings are not connected with any transaction aimed at control, other than activities strictly tied to a specific proxy nomination rule.