Ryan Goepel - 11 Jun 2024 Form 4 Insider Report for Global Crossing Airlines Group Inc. (JETMF)

Role
President/Chief Financial Officer, Director
Signature
/s/ Martin Schrier as attorney-in-fact for Ryan Goepel
Issuer symbol
JETMF
Transactions as of
11 Jun 2024
Transactions value $
-$19,715
Form type
4
Filing time
01 Jul 2024, 21:05:08 UTC
Previous filing
20 Nov 2023
Next filing
05 Feb 2025
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 +83,333 +5.51% $0 1,595,147 16 Mar 2024 Direct F1
transaction JETMF Common Stock Options Exercise $0 +125,000 +7.84% $0 1,720,147 11 Jun 2024 Direct F1
transaction JETMF Common Stock Disposed to Issuer -$19,715 -39,430 -2.29% $0.5 1,680,717 11 Jun 2024 Direct
holding JETMF Common Stock 3,350 11 Jun 2024 See footnote F2
holding JETMF Common Stock 3,350 11 Jun 2024 See footnote F3

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 11 Jun 2024 Common Stock 71,667 $0.25 Direct
holding JETMF Restricted Stock Units 0 11 Jun 2024 Common Stock 166,667 $0 Direct F4
holding JETMF Restricted Stock Units 0 11 Jun 2024 Common Stock 150,000 $0 Direct 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, 2025 and March 16, 2026, subject to continued service through such vesting date.
F5 This award of RSUs was granted on March 20, 2024. 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 20, 2025 and March 20, 2026 and March 20, 2027, subject to continued service through such vesting date.

Remarks:

President/Chief Financial Officer