Victor Huang - 19 Aug 2025 Form 4 Insider Report for Airship AI Holdings, Inc. (AISP)

Role: CEO and Chairman of the BOD, Director, 10%+ Owner
Signature: By: /s/ Victor Huang
Issuer symbol: AISP
Transactions as of: 19 Aug 2025
Transactions value $: $18,281
Form type: 4
Filing time: 20 Aug 2025, 09:00:29 UTC
Previous filing: 19 Aug 2025
Next filing: 21 Aug 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Huang Victor	CEO and Chairman of the BOD, Director, 10%+ Owner	C/O AIRSHIP AI HOLDINGS, INC., 8210 154TH AVE NE, REDMOND	By: /s/ Victor Huang	20 Aug 2025	0002004301

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	AISP	Common Stock						135K	19 Aug 2025	Direct
holding	AISP	Common Stock						3.39M	19 Aug 2025	See footnote	F1, 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
transaction	AISP	Public Warrant (AISPW shares)	Purchase	$18.3K	+12K	+18.71%	$1.52	76.1K	19 Aug 2025	Common Stock	12K	$4.50	Direct	F8
holding	AISP	Options						1.75M	19 Aug 2025	Common Stock	1.75M	$0.12	See footnote	F2, F3
holding	AISP	Stock Appreciation Rights						1.76M	19 Aug 2025	Common Stock	1.76M	$0.12	See footnote	F2, F4
holding	AISP	Warrants						1.34M	19 Aug 2025	Common Stock	1.34M	$1.77	Direct	F5
holding	AISP	Earnout Rights						1.75M	19 Aug 2025	Common Stock	1.75M		See footnote	F2, F6
holding	AISP	Options						100K	19 Aug 2025	Common Stock	100K	$2.86	Direct	F7
holding	AISP	Warrant						220K	19 Aug 2025	Common Stock	220K	$2.36	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares of common stock of the Issuer received on December 21, 2023, as consideration pursuant to that certain Merger Agreement, dated as of June 27, 2023 (as amended on September 22, 2023 and as may be further amended and/or restated from time to time, the "Merger Agreement"), by and among Airship AI Holdings, Inc., a Delaware corporation (the "Issuer") (formerly known as BYTE Acquisition Corp., a Cayman Island exempted company limited by shares, prior to its domestication as a Delaware corporation), BYTE Merger Sub, Inc., a Washington corporation and a direct, wholly-owned subsidiary of the Issuer, and Airship AI, Inc., a Washington company (formerly known as Airship AI Holdings, Inc., "Airship AI"). The Reporting Person received the reported shares in exchange for shares of common stock of Airship AI at the Conversion Ratio, as defined in the Merger Agreement, as of the Effective Time of the Merger.
F2	Airship Kirkland Family Limited Partnership is the record holder of the securities reported herein. Victor Huang is the managing partner of Airship Kirkland Family Limited Partnership and as such has voting and dispositive power over these securities. Mr. Huang disclaims beneficial ownership of the securities held by Airship Kirkland Family Limited Partnership, except to the extent of his pecuniary interest therein.
F3	Represents options to purchase shares of common stock of the Issuer received on December 21, 2023, pursuant to the Merger Agreement, upon the conversion of options to purchase shares of common stock of Airship AI at the Conversion Ratio, as defined in the Merger Agreement, as of the Effective Time of the Merger.
F4	Represents stock appreciation rights denominated in shares of common stock of the Issuer received on December 21, 2023, pursuant to the Merger Agreement, upon the conversion of stock appreciation rights denominated in shares of common stock of Airship AI at the Conversion Ratio, as defined in the Merger Agreement, as of the Effective Time of the Merger.
F5	Represents warrants to purchase shares of common stock of the Issuer received by the Reporting Person on December 21, 2023, pursuant to the Merger Agreement, upon the conversion of warrants to purchase shares of common stock of Airship AI at the Conversion Ratio, as defined in the Merger Agreement, as of the Effective Time of the Merger.
F6	Pursuant to earnout provisions in the Merger Agreement, the holder of such Earnout Rights is entitled to receive shares of common stock of the Issuer upon the occurrence of certain operating performance and share price performance milestones during the applicable earnout periods set forth in the Merger Agreement.
F7	Options vest quarterly over 4 years.
F8	Public Warrant (AISPW shares) Exercise Price subject to adjustment and expire five years after the closing of the merger on December 21, 2023, or earlier upon redemption or liquidation.