GEORGE MURNANE - 22 Sep 2023 Form 4 Insider Report for Jet.AI Inc. (JTAI)

Role: Interim CFO, Director, 10%+ Owner
Signature: /s/ George Murnane
Issuer symbol: JTAI
Transactions as of: 22 Sep 2023
Net transactions value: $0
Form type: 4
Filing time: 28 Sep 2023, 22:16:55 UTC
Previous filing: 21 Aug 2023
Next filing: 20 Aug 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	JTAI	Common Stock, par value $0.0001 per share						995,758	22 Sep 2023	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
transaction	JTAI	Stock Option (right to buy)	Award	$0	+150,000	+15%	$0.000000	1,179,888	22 Sep 2023	Common Stock, par value $0.0001 per share	150,000	$2.50	Direct	F1

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

Explanation of Responses:

Id	Content
F1	1/36th of the option shares vest each month after the vesting commencement date of September 15, 2023 so that the option shares are fully vested 36 months after the vesting commencement date.