Form 4 for HOVR New Horizon Aircraft Ltd.
Accepted 2024-01-24 00:00:00 ET · period of report 2024-01-12 · accession 0000912282-24-000063 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-01-24 | 2024-01-12 | HOVR | Lee Stewart Murray | Head of People, Strategy | A - Grant | — | +250.0K | 250.0K | New | — |
| D | 2024-01-24 | 2024-01-12 | HOVR | Lee Stewart Murray | Head of People, Strategy | A - Grant | $0.00 | +35.5K | 35.5K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Ordinary Shares | 2024-01-12 | A | A | 250,042 | — | 250,042 | D | — | — | (F1) Received in exchange for 136,200 shares of Robinson Aircraft Ltd. d/b/a Horizon Air ("Horizon") in connection with the January 12, 2024 amalgamation (the "Amalgamation") of Horizon and Pono Capital Three, Inc. to form New Horizon Aircraft, Ltd. |
| 2 | Derivative | Employee Stock Option (Right to Buy) | 2024-01-12 | A | A | 35,455 | $0.00 | 35,455 | D | $0.68 · 2024-01-12 to 2027-08-02 | 35,455 Class A Ordinary Shares | (F2) Converted from Canadian exercise price of C$0.91 using an exchange rate of C$1.3387 = US$1.00. (F3) Received in the Amalgamation in exchange for an existing option to acquire 42,000 shares of Horizon for C$0.76 per share. The options were originally issued on August 2, 2022, with a three-year vesting period (33% vesting annually). |