Form 4: Airship AI CFO Exercises Options and Reports Beneficial Ownership
SEC Form 4
Mark E. Scott, CFO of Airship AI Holdings, Inc., reports exercising options and discloses beneficial ownership of common stock and derivative securities.
Summary
- Mark E. Scott, the Chief Financial Officer of Airship AI Holdings, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
- On December 27, 2024, Scott exercised options to acquire 22,000 shares of common stock at a price of $1.64 per share.
- The filing also discloses Scott's indirect ownership of various securities through entities he controls, including options and earnout rights.
- These securities were obtained as part of the Merger Agreement between Airship AI Holdings, Inc. and Airship AI.
- Scott disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Management Comments
- The Reporting Person disclaims beneficial ownership of such securities, except to the extent of his pecuniary interest therein.
Industry Context
This filing is a routine disclosure related to executive compensation and ownership in a publicly traded company. It provides transparency to investors regarding the holdings and transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the CFO's stake in the company.
- It assures stakeholders that the CFO's interests are aligned with theirs.
Key Dates
| Date | Description |
|---|---|
| 06/27/2023 | Date of the Merger Agreement between Airship AI Holdings, Inc. and Airship AI. |
| 09/22/2023 | Amendment date of the Merger Agreement. |
| 12/21/2023 | Date options to purchase shares of common stock of the Issuer received. |
| 12/27/2024 | Date of the transaction where options were exercised. |
| 12/30/2024 | Date of signature on the Form 4 filing. |
| 01/15/2032 | Expiration date of some options. |
| 08/06/2033 | Expiration date of some options. |
| 03/01/2034 | Expiration date of some options. |
| 08/16/2034 | Expiration date of some options. |
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