Ryan Goepel - Mar 16, 2025 Form 4 Insider Report for Global Crossing Airlines Group Inc. (JETMF)

Signature
/s/ Martin Schrier as attorney-in-fact for Ryan Goepel
Stock symbol
JETMF
Transactions as of
Mar 16, 2025
Transactions value $
-$36,855
Form type
4
Date filed
4/2/2025, 03:25 PM
Previous filing
Feb 5, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JETMF Common Stock Options Exercise +83.3K +4.96% 1.76M Mar 16, 2025 Direct F1, F2
transaction JETMF Common Stock Options Exercise +50K +2.83% 1.81M Mar 20, 2025 Direct F1, F2
transaction JETMF Common Stock Disposed to Issuer -$14.6K -25.1K -1.39% $0.58 1.79M Mar 16, 2025 Direct F1
transaction JETMF Common Stock Disposed to Issuer -$10.6K -16.3K -0.91% $0.65 1.77M Mar 20, 2025 Direct F1
transaction JETMF Common Stock Disposed to Issuer -$11.7K -17.9K -1.01% $0.65 1.75M Mar 31, 2025 Direct F1
holding JETMF Common Stock 3.35K Mar 16, 2025 See footnote F1, F3
holding JETMF Common Stock 3.35K Mar 16, 2025 See footnote F1, F4

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 71.7K Mar 16, 2025 Common Stock 71.7K $0.25 Direct
holding JETMF Restricted Stock Units 71.7K Mar 16, 2025 Common Stock 83.3K $0.00 Direct F5
holding JETMF Restricted Stock Units 71.7K Mar 16, 2025 Common Stock 860K $0.00 Direct F6
holding JETMF Restricted Stock 71.7K Mar 16, 2025 Common Stock 100K $0.00 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reporting person owns only shares of issuer common stock and does not own any shares of Class A common stock or Class B common stock.
F2 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 transaction represents the settlement of RSUs in shares of common stock on their scheduled vesting date.
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 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.
F5 Each 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 on March 16, 2026, subject to continued service through such vesting date.
F6 Each 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 February 3, 2025. Shares of common stock subject to this award are subject to service-based vesting conditions and these RSUs vest one-third on each of February 3, 2026, February 3, 2027 and February 3, 2028, subject to continued service through such vesting date.
F7 Each 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 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, 2026 and March 20, 2027, subject to continued service through such vesting date.

Remarks:

President/Chief Financial Officer