MICHAEL D. WINSTON - 10 Aug 2023 Form 4 Insider Report for Jet.AI Inc. (JTAI)

Role
EXEC. CHAIRMAN & INTERIM CEO, Director, 10%+ Owner
Signature
/S/ MICHAEL D. WINSTON
Issuer symbol
JTAI
Transactions as of
10 Aug 2023
Transactions value $
$0
Form type
4
Filing time
23 Aug 2023, 11:51:20 UTC
Next filing
19 Aug 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JTAI COMMON STOCK, PAR VALUE $0.0001 PER SHARE Award +2.56M 2.56M 10 Aug 2023 Direct F1

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 MERGER CONSIDERATION WARRANT (RIGHT TO BUY) Award +4.08M 4.08M 10 Aug 2023 COMMON STOCK, PAR VALUE $0.0001 PER SHARE 4.08M $15.00 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Received in connection with Oxbridge Acquisition Corp.'s business combination transaction with Jet Token Inc. in accordance with the terms of the Business Combination Agreement and Plan of Reorganization, dated February 24, 2023, as amended by Amendment No. 1 to the Business Combination Agreement, dated May 11, 2023, by and among Oxbridge Acquisition Corp., OXAC Merger Sub I, Inc., Summerlin Aviation LLC, and Jet Token Inc.