Volato Group (SOAR) director receives 7,500-share stock award

Rhea-AI Filing Summary

Burger Christopher reported acquisition or exercise transactions in this Form 4 filing.

Volato Group, Inc. director Christopher Burger received an equity grant of 7,500 shares of Class A Common Stock at $0.26 per share. This is a compensation-related award, not an open-market purchase. After this grant, he directly holds 30,135 shares of Volato’s Class A Common Stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Burger Christopher

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	7,500	$0.26	$2K

Holdings After Transaction: Class A Common Stock — 30,135 shares (Direct)

Footnotes (1)

Key Figures

Shares granted: 7,500 shares Grant price: $0.26 per share Shares held after grant: 30,135 shares +1 more

4 metrics

Shares granted 7,500 shares Equity award of Class A Common Stock

Grant price $0.26 per share Price per share for awarded stock

Shares held after grant 30,135 shares Direct holdings following transaction

Transaction date 2026-03-27 Date of stock award

Key Terms

Class A Common Stock, Form 4, Grant, award, or other acquisition, direct ownership

4 terms

Class A Common Stock financial

"security_title: "Class A Common Stock""

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

direct ownership financial

"ownership_type: "direct""

Form 4 Insider Transactions: What Each Field Means →

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
Estimated average burden
hours per response:			0.5

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^*

Burger Christopher

(Last) (First) (Middle)

C/O VOLATO GROUP, INC.

1954 AIRPORT ROAD, UNIT 124

(Street)

CHAMBLEE GEORGIA 30341

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Volato Group, Inc. [ SOAR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/27/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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
Class A Common Stock	03/27/2026		A		7,500	A	$0.26	30,135	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:

Remarks:

(1) On February 24, 2025, the common stock of Volato Group, Inc. split 1-for-25, resulting in the reporting persons ownership of 5,000 less shares of common stock.

	/s/ Mark Heinen, by Power of Attorney	03/31/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Volato Group (SOAR) report for Christopher Burger?

Volato Group reported that director Christopher Burger received a grant of 7,500 shares of Class A Common Stock at $0.26 per share. This award increased his direct holdings to 30,135 shares, reflecting stock-based compensation rather than an open-market purchase.

Was the Volato Group (SOAR) insider transaction a stock purchase or a grant?

The transaction was a grant or award of shares, coded as “A” for grant, award, or other acquisition. It represents stock-based compensation to director Christopher Burger, not an open-market purchase of Volato Group Class A Common Stock on a securities exchange.

How many Volato Group (SOAR) shares does Christopher Burger hold after this Form 4?

After the reported transaction, Christopher Burger directly holds 30,135 shares of Volato Group’s Class A Common Stock. This total reflects his position following the 7,500-share equity award disclosed in the filing, all reported as directly owned shares.

What does the $0.26 price on the Volato Group (SOAR) Form 4 represent?

The $0.26 figure shown on the Form 4 is the price per share associated with the 7,500-share grant of Class A Common Stock. Because this is an award transaction, it reflects terms of the compensation grant rather than an arm’s-length market purchase price.

Is the Volato Group (SOAR) insider transaction related to derivatives or options?

No. The reported transaction involves non-derivative Class A Common Stock only. The derivative section of the filing is empty, and there are no option exercises or other derivative securities reported for Christopher Burger in this particular Form 4 submission.