Form 4 for SOAR Volato Group, Inc.
Accepted 2024-06-11 00:00:00 ET · period of report 2024-06-07 · accession 0001628280-24-027727 · 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 | 2024-06-11 | 2024-06-07 | SOAR | Liotta Matthew | CEO, Dir, 10% | A - Grant | $0.00 | +370.3K | 5.17M | +8% | $0 |
| DI | 2024-06-11 | 2024-06-07 | SOAR | Liotta Matthew | CEO, Dir, 10% | A - Grant | $0.00 | +191.1K | 191.1K | New | $0 |
| D | 2024-06-11 | 2024-06-07 | SOAR | Liotta Matthew | CEO, Dir, 10% | A - Grant | $0.00 | +183.6K | 183.6K | New | $0 |
| DI | 2024-06-11 | 2024-06-07 | SOAR | Liotta Matthew | CEO, Dir, 10% | A - Grant | $0.00 | +50.0K | 138.1K | +57% | $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 | Common Stock | 2024-06-07 | A | A | 370,302 | $0.00 | 5,167,573 | D Held by Spouse | — | — | (F1) The shares represent Restricted Stock Units ("RSUs") granted on June 7, 2024. Each RSU represents a contingent right to receive one share of the Issuer's Common Stock. The RSU shall vest 25% of the shares subject to 12 months of continuous employment on the vesting commencement date and 1/48th shall vest subject to continuous employment thereafter. (F2) Mr. Liotta beneficially owns (i) 9,000 shares of Common Stock held individually, (ii) 3,466,153 shares of Common Stock held by Argand Group LLC and (iii) 1,322,118 shares of Common Stock held by PDK Capital, LLC in which Mr. Liotta has sole voting power and shares dispositive power with Ms. Jennifer Liotta. |
| 2 | Common | Common Stock | 2024-06-07 | A | A | 191,124 | $0.00 | 191,124 | I | — | — | (F3) The shares represent RSU's granted on June 7, 2024. Each RSU represents a contingent right to receive one share of the Issuer's Common Stock. 1/48th of the Award shall vest when the executive completes each month of continuous service. |
| 3 | Derivative | Performance-Based Restricted Stock Unit | 2024-06-07 | A | A | 183,580 | $0.00 | 183,580 | D Held by Spouse | — · — to — | 183,580 Common Stock | (F4) Each Performance-Based RSU represents a contingent right to receive one share of SOAR common stock. The performance rights vest upon SOAR's common stock achieving a specified price per share. |
| 4 | Derivative | Employee Stock Option (right to buy) | 2024-06-07 | A | A | 50,000 | $0.00 | 138,140 | I | $0.75 · — to 2034-06-07 | 50,000 Common Stock | (F5) The stock option vests as to 25% of the shares subject to 12 months of continuous employment on the vesting commencement date and 1/48th shall vest subject to continuous employment thereafter. |