David Anderman - 17 Dec 2024 Form 3 Insider Report for SURF AIR MOBILITY INC. (SRFM)

Role
Director
Signature
/s/ Douglas Sugimoto, as attorney-in-fact for David Anderman
Issuer symbol
SRFM
Transactions as of
17 Dec 2024
Net transactions value
$0
Form type
3
Filing time
27 Dec 2024, 21:15:48 UTC
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SRFM Common Stock 23,225 17 Dec 2024 Direct

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 SRFM Stock Option (right to buy) 17 Dec 2024 Common Stock 1,594 $40.08 Direct F1
holding SRFM Warrant 17 Dec 2024 Common Stock 71,427 $6.17 By Proxima Centauri LLC F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This option represents the right to purchase 1,594 shares of the Issuer's common stock, which vests in 36 monthly installments commencing on December 12, 2022, and ending on November 12, 2025, subject to the Reporting Person's continued service to the Issuer on such vesting date.
F2 This warrant is fully vested with respect to 28,571 shares and the remaining shares underlying the warrant will vest as follows: (i) 14,286 shares on the date that the volume weighted average price of one share of the Issuer's Common Stock for a twenty consecutive trading day period (the "VWAP") equals or exceeds $17.50; (ii) 14,285 shares on the date that the VWAP equals or exceeds $35.00; and (iii) 14,285 shares on the date that the VWAP equals or exceeds $52.50.

Remarks:

Exhibit 24 - Power of Attorney