Eric Brandon Robinson - Feb 3, 2025 Form 4 Insider Report for New Horizon Aircraft Ltd. (HOVR)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Eric Brandon Robinson
Stock symbol
HOVR
Transactions as of
Feb 3, 2025
Transactions value $
$0
Form type
4
Date filed
2/5/2025, 09:48 PM
Previous filing
Jan 22, 2024
SEC
View on sec.gov

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 HOVR Employee stock option (right to buy) Award $0 +400K $0.00 400K Feb 3, 2025 Class A Ordinary Shares without par value 400K $0.61 Direct F1
transaction HOVR Performance Stock Units Award $0 +100K $0.00 100K Feb 3, 2025 Class A Ordinary Shares without par value 100K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option will become exercisable in three equal installments beginning on 02/03/2026.
F2 Each performance stock unit represents a contingent right to receive one Class A ordinary share, without par value (each, a "Class A Ordinary Share"). The performance stock units vest in full on the date the Company achieves 100% Total Shareholder Return, defined as the percentage change in the value of the Class A Ordinary Shares over a specified period, calculated as the quotient of (i) the difference between the current share price and the share price on February 3, 2025 (the "Award Date"), divided by (ii) the share price on the Award Date.