Surf Air Mobility: Park Lane reports 9.99% common stock position

Rhea-AI Filing Summary

Park Lane Investments, LLC reported beneficial ownership of 6,368,044 shares of Surf Air Mobility Inc. common stock, representing 9.99% of the outstanding class. This stake reflects financing transactions that closed on November 12, 2025, when Park Lane acquired 3,531,024 shares and received a warrant to purchase an additional 1,506,024 shares. The warrant includes a 9.99% ownership cap, limiting how many warrant shares can be exercised at any time. The reported ownership percentage is based on 62,593,428 Surf Air Mobility shares outstanding as of November 12, 2025, plus 1,150,757 warrant shares that were then exercisable.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

SURF AIR MOBILITY INC.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

868927203

(CUSIP Number)

11/12/2025

(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

Park Lane Investments, 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 6,368,044.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 6,368,044.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,368,044.00

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)

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: Park Lane Investments, LLC
(b)	Address or principal business office or, if none, residence: 53 Greenwich Avenue, Second Floor, Greenwich, CT 06830
(c)	Citizenship: Delaware
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 868927203
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 6,368,044 The Reporting Person beneficially owns 6,368,044 shares of Common Stock. As part of financing transactions that closed on November 12, 2025, the Reporting Person acquired 3,531,024 shares of Common Stock and was issued a warrant (the "Warrant") to purchase an aggregate of 1,506,024 shares of Common Stock. The Warrant provides that the Reporting Person is prohibited from exercising the Warrant for such number of shares of Common Stock as would result in beneficial ownership by the Reporting Person of Common Stock exceeding 9.99% of all outstanding Common Stock, subject to certain exceptions. 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 12, 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: 9.99% Calculated based on 62,593,428 shares of the Common Stock outstanding as of November 12, 2025, as reported in the Issuer's Form S-3, filed with the Securities and Exchange Commission on November 12, 2025, plus 1,150,757 shares of Common Stock issuable upon exercise of the Warrant as of November 12, 2025.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 6,368,044
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 6,368,044
	(iv) Shared power to dispose or to direct the disposition of: 0
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.

Park Lane Investments, LLC

Signature:	/s/ James G. Holland
Name/Title:	James G. Holland, Vice President, Park Lane Investments, LLC
Date:	11/19/2025

FAQ

What stake did Park Lane Investments report in Surf Air Mobility (SRFM)?

Park Lane Investments, LLC reported beneficial ownership of 6,368,044 shares of Surf Air Mobility Inc. common stock, representing 9.99% of the class.

How did Park Lane Investments acquire its Surf Air Mobility (SRFM) shares?

As part of financing transactions that closed on November 12, 2025, Park Lane acquired 3,531,024 shares of common stock and received a warrant to buy 1,506,024 shares.

What limits apply to Park Lane’s warrant in Surf Air Mobility (SRFM)?

The warrant prohibits Park Lane from exercising it to the extent exercise would cause its beneficial ownership of Surf Air Mobility common stock to exceed 9.99% of outstanding shares, subject to certain exceptions.

How was Park Lane’s 9.99% ownership in Surf Air Mobility (SRFM) calculated?

The 9.99% figure is based on 62,593,428 shares outstanding as of November 12, 2025, plus 1,150,757 shares of common stock issuable upon exercise of the warrant as of that date.

Does Park Lane Investments share voting or dispositive power over SRFM shares?

Park Lane reported sole voting power and sole dispositive power over 6,368,044 shares, with no shared voting or dispositive power.

Is Park Lane’s Surf Air Mobility (SRFM) stake intended to influence control of the company?

Park Lane certified that the securities were not acquired and are not held for the purpose of changing or influencing the control of Surf Air Mobility Inc.