SCHEDULE: Matthew Jore Increases Share Pledge in AirJoule Tech

Matthew Jore, a major shareholder of AirJoule Technologies, has pledged an additional 550,000 shares as collateral for a non-recourse loan.

Summary

• Matthew Jore, a reporting person for AirJoule Technologies Corp., filed an Amendment No. 1 to his Schedule 13D.
• The filing discloses that Jore beneficially owns 7,817,581 shares of Class A Common Stock, representing 11.4% of the outstanding shares.
• On April 14, 2026, Jore pledged an additional 550,000 shares as collateral under a Non-Recourse Loan and Securities Pledge Agreement with The St. James Bank & Trust Company Ltd.
• The total number of shares pledged by Jore as collateral now stands at 1,150,000 shares.
• Jore retains all voting rights and rights to dividends for the pledged shares unless an event of default occurs.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event; it is a standard disclosure of personal financial activity by an insider that does not directly impact the company's operational fundamentals.

Positives

• The reporting person maintains a significant 11.4% ownership stake in the company, signaling continued alignment with shareholder interests.
• The pledge is structured as a non-recourse loan, which limits the personal liability of the reporting person regarding the collateral.

Negatives

• Increased pledging of shares as collateral can introduce potential market volatility if a margin call or event of default were to occur, forcing the liquidation of pledged shares.

Risks

• The pledge of 1,150,000 shares creates a risk that, in the event of a default under the loan agreement, these shares could be sold into the market, potentially impacting the share price.
• Concentration of ownership and reliance on personal financing arrangements tied to company stock can create liquidity risks for the individual shareholder.

Future Outlook

The filing does not provide specific forward-looking guidance regarding the company's operations, focusing instead on the reporting person's personal financial arrangements.

Management Comments

• The reporting person certifies that the information set forth in the statement is true, complete, and correct.

Industry Context

StockSavvy.ai notes that while share pledging is a common practice for executives to access liquidity without selling their stake, it is often viewed with caution by institutional investors due to the potential for forced selling during market downturns.

Comparison to Industry Standards

• The use of non-recourse loans for share pledging is a standard financial tool for high-net-worth individuals and corporate insiders.
• The disclosure of such pledges is a regulatory requirement under SEC rules to ensure transparency regarding potential liquidity events for major shareholders.

Legal Proceedings

• None disclosed.

Related Party Transactions

• The filing discloses a loan agreement between the reporting person and The St. James Bank & Trust Company Ltd.

Stakeholder Impact

• Shareholders should be aware of the pledged shares as they represent a potential source of market supply if the loan terms are breached.

Next Steps

• Continued monitoring of the reporting person's holdings and any further changes to the pledge agreement.

Key Dates

Keywords

AirJoule Technologies, Schedule 13D, Share Pledge, Matthew Jore, Corporate Governance, Insider Ownership