Form 4 for JTAI Jet.AI Inc.
Accepted 2023-08-23 00:00:00 ET · period of report 2023-08-10 · accession 0001060584-23-000003 · 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 | 2023-08-23 | 2023-08-10 | JTAI | MURNANE GEORGE III | INTERIM CFO, Dir, 10% | A - Grant | — | +4 | 4 | New | — |
| DM | 2023-08-23 | 2023-08-10 | JTAI | MURNANE GEORGE III | INTERIM CFO, Dir, 10% | A - Grant | — | +1.18M | 194.4K | New | — |
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 | COMMON STOCK, PAR VALUE $0.0001 PER SHARE | 2023-08-10 | A | A | 4 | — | 4 | D | — | — | (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. |
| 2 | Derivative | STOCK OPTION (RIGHT TO BUY) | 2023-08-10 | A | A | 194,400 | — | 194,400 | D | $0.83 · 2023-08-10 to 2029-09-23 | 194,400 COMMON STOCK, PAR VALUE $0.0001 PER SHARE | (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. |
| 3 | Derivative | STOCK OPTION (RIGHT TO BUY) | 2023-08-10 | A | A | 30,945 | — | 30,945 | D | $10.42 · — to 2032-03-16 | 30,945 COMMON STOCK, PAR VALUE $0.0001 PER SHARE | (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. (F4) 15,473 shares were vested as of August 10, 2023, and the remaining shares will vest in as nearly equal as possible monthly installments on the sixteenth day of each month, subject to the Reporting Person's continued service. |
| 4 | Derivative | STOCK OPTION (RIGHT TO BUY) | 2023-08-10 | A | A | 388,800 | — | 388,800 | D | $4.17 · — to 2030-12-31 | 388,800 COMMON STOCK, PAR VALUE $0.0001 PER SHARE | (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. (F2) 356,400 shares were vested as of August 10, 2023, and the remaining shares will vest in as nearly equal as possible monthly installments on the last day of each month, subject to the Reporting Person's continued service. |
| 5 | Derivative | STOCK OPTION (RIGHT TO BUY) | 2023-08-10 | A | A | 371,343 | — | 371,343 | D | $10.42 · — to 2031-07-30 | 371,343 COMMON STOCK, PAR VALUE $0.0001 PER SHARE | (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. (F3) 268,192 shares were vested as of August 10, 2023, and the remaining shares will vest in as nearly equal as possible monthly installments on the thirtieth day of each month, subject to the Reporting Person's continued service. |
| 6 | Derivative | MERGER CONSIDERATION WARRANT (RIGHT TO BUY) | 2023-08-10 | A | A | 6 | — | 6 | D | $15.00 · 2023-08-10 to 2033-08-10 | 6 COMMON STOCK, PAR VALUE $0.0001 PER SHARE | (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. |
| 7 | Derivative | STOCK OPTION (RIGHT TO BUY) | 2023-08-10 | A | A | 194,400 | — | 194,400 | D | $0.83 · 2023-08-10 to 2029-09-23 | 194,400 COMMON STOCK, PAR VALUE $0.0001 PER SHARE | (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. |