Form 4 for JTAI Jet.AI Inc.
Accepted 2023-08-23 00:00:00 ET · period of report 2023-08-10 · accession 0001989241-23-000002 · 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 | MCNULTY PATRICK | COO | A - Grant | — | +4 | 4 | New | — |
| DM | 2023-08-23 | 2023-08-10 | JTAI | MCNULTY PATRICK | COO | A - Grant | — | +120.0K | 30.9K | 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 | 3,961 | — | 3,961 | D | $10.42 · 2023-08-10 to 2032-03-01 | 3,961 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 | 7,736 | — | 7,736 | D | $10.42 · 2023-08-10 to 2032-08-31 | 7,736 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. |
| 4 | Derivative | STOCK OPTION (RIGHT TO BUY) | 2023-08-10 | A | A | 15,473 | — | 15,473 | D | $10.42 · 2023-08-10 to 2032-09-30 | 15,473 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. |
| 5 | 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. |
| 6 | Derivative | STOCK OPTION (RIGHT TO BUY) | 2023-08-10 | A | A | 30,945 | — | 30,945 | D | $10.42 · — to 2032-01-05 | 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) 17,192 shares were vested as of August 10, 2023, and the remaining shares will vest in as nearly equal as possible monthly installments on the fifth day of each month, subject to the Reporting Person's continued service. |
| 7 | Derivative | STOCK OPTION (RIGHT TO BUY) | 2023-08-10 | A | A | 15,473 | — | 15,473 | D | $10.42 · 2023-08-10 to 2031-07-01 | 15,473 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. |
| 8 | Derivative | STOCK OPTION (RIGHT TO BUY) | 2023-08-10 | A | A | 12,378 | — | 12,378 | D | $10.42 · — to 2031-07-01 | 12,378 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) 8,940 shares were vested as of August 10, 2023, and the remaining shares will vest in as nearly equal as possible monthly installments on the first day of each month, subject to the Reporting Person's continued service. |
| 9 | Derivative | STOCK OPTION (RIGHT TO BUY) | 2023-08-10 | A | A | 3,095 | — | 3,095 | D | $10.42 · 2023-08-10 to 2031-08-02 | 3,095 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. |
| 10 | Derivative | STOCK OPTION (RIGHT TO BUY) | 2023-08-10 | A | A | 30,945 | — | 30,945 | D | $10.42 · — to 2031-10-31 | 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. (F3) 18,911 shares were vested as of August 10, 2023, and the remaining shares will vest in as nearly equal as possible monthly installments on the first day of each month, subject to the Reporting Person's continued service. |