Michael Weber Schmitt - May 17, 2023 Form 4 Insider Report for Sky Harbour Group Corp (SKYH)

Role
Chief Accounting Officer
Signature
/s/ Gerald Adler, Attorney-in-Fact
Stock symbol
SKYH
Transactions as of
May 17, 2023
Transactions value $
-$135,536
Form type
4
Date filed
2/25/2025, 09:41 PM
Previous filing
Feb 16, 2023
Next filing
Feb 20, 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SKYH Class A Common Stock Award $0 +20.3K +40.61% $0.00 70.4K Feb 18, 2025 Direct F1
transaction SKYH Class A Common Stock Tax liability -$136K -17.1K -24.26% $7.94 53.3K May 17, 2023 Direct F3, 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
transaction SKYH Non-Qualified Stock Option (Right to Buy) Award $0 +29.9K $0.00 29.9K Feb 15, 2024 Class A Common Stock 29.9K $11.63 Direct F2
transaction SKYH Non-Qualified Stock Option (Right to Buy) Award $0 +35.9K $0.00 35.9K Feb 18, 2025 Class A Common Stock 35.9K $11.07 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units ("RSUs") granted under the Sky Harbour Group Corporation 2022 Incentive Award Plan. Each RSU represents the contingent right to receive, in accordance with the terms of the applicable RSU agreement, one share of Class A Common Stock of the Issuer for each vested RSU. The RSUs vest in installments in accordance with the terms of the applicable RSU agreement, provided the reporting person remains in service through the applicable vesting date.
F2 Represents stock options granted under the Sky Harbour Group Corporation 2022 Incentive Award Plan. The stock options vest in installments in accordance with the terms of the applicable stock option agreement, provided the reporting person remains in service through the applicable vesting date.
F3 Represents 30,824 shares of Class A Common Stock and 23,302 RSUs.
F4 Represents the payment of the reporting person's tax liability by withholding shares in connection with the vesting of an aggregate of 47,894 RSUs, which occurred monthly from May 17, 2023 to February 17, 2025. The value of the vested shares and the shares withheld to satisfy U.S. Federal and state income taxes is calculated based on the weighted-average closing price on the vesting date or next preceding trading date in the case that the vesting date is a non-trading date.