Ryan Goepel - 08 Nov 2023 Form 4 Insider Report for Global Crossing Airlines Group Inc. (JETMF)

Role
Chief Financial Officer, Director
Signature
/s/ Martin Schrier as attorney-in-fact for Ryan Goepel
Issuer symbol
JETMF
Transactions as of
08 Nov 2023
Transactions value $
-$8,184
Form type
4
Filing time
18 Dec 2023, 15:09:09 UTC
Previous filing
15 Sep 2023
Next filing
20 Nov 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JETMF Common Stock Options Exercise $0 +37,500 +2.7% $0 1,437,248 08 Nov 2023 Direct
transaction JETMF Common Stock Disposed to Issuer -$8,184 -12,400 -0.86% $0.66 1,424,848 08 Nov 2023 Direct
holding JETMF Common Stock 3,350 08 Nov 2023 See Footnote F1
holding JETMF Common Stock 3,350 08 Nov 2023 See Footnote F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding JETMF Options to Purchase Common Stock 71,667 08 Nov 2023 Common Stock 71,667 $0.25 Direct
holding JETMF Restricted Stock Units 0 08 Nov 2023 Common Stock 287,500 $0 Direct F3, F4
holding JETMF Restricted Stock Units 0 08 Nov 2023 Common Stock 125,000 $0 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This relates solely to the settlement of previously granted restricted stock units ("RSUs") upon vesting. RSUs convert into common stock on a one-for-one basis.
F2 Shares are held of record by the reporting person as co-custodian for a minor child under the Uniform Transfer to Minors Act (FL). The reporting person disclaims beneficial ownership of these shares and this report shall not be deemed an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
F3 Shares are held of record by the reporting person as co-custodian for a minor child under the Uniform Transfer to Minors Act (FL). The reporting person disclaims beneficial ownership of these shares and this report shall not be deemed an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
F4 Each restricted stock unit ("RSU") represents a contingent right to receive one share of the issuer common stock pursuant to the issuer's Restricted Share Unit Plan. This award of RSUs was granted on March 16, 2023. Shares of common stock subject to this award are subject to service-based vesting conditions and vest in equal annual installments on each of March 16, 2024, March 16, 2025 and March 16, 2026, subject to continued service through such vesting date.
F5 These RSUs vest on November 23, 2023.