Form 4: FLYX Director Hymowitz Acquires Warrants Under 10b5-1 Plan

Gregg Hymowitz, a Director and 10% owner of FlyExclusive Inc., acquired 7,856 warrants to purchase Class A Common Stock at an exercise price of $11.50, effective September 4, 2025.

Summary

• Gregg Hymowitz, a Director and 10% owner of FlyExclusive Inc. (FLYX), acquired 7,856 derivative securities in the form of warrants.
• The transaction is scheduled for September 4, 2025, and was made pursuant to a Rule 10b5-1(c) plan.
• Each warrant has an exercise price of $11.50 and allows the holder to purchase one share of Class A Common Stock.
• The warrants were acquired at a price of $0.21 per derivative security.
• The warrants will become exercisable on September 4, 2025, and are set to expire on December 27, 2028.
• Following this transaction, 4,902,190 derivative securities are beneficially owned indirectly through EG Sponsor LLC.
• The beneficial ownership is complex, involving EG Sponsor LLC, EnTrust Global Partners Offshore LP, EnTrust Global Group LLC, EnTrust Global LLC, and GH EP Holdings LLC, with Gregg Hymowitz being the managing member of GH EP Holdings, LLC.

Sentiment

Score: 6

Explanation: The acquisition of warrants by a director and 10% owner, even if a relatively small amount, generally indicates a positive outlook and confidence in the company's future performance, contributing to a slightly positive sentiment.

Positives

• The acquisition of warrants by a Director and 10% owner, Gregg Hymowitz, signals continued insider confidence in FlyExclusive Inc.'s future prospects.
• The transaction was executed under a Rule 10b5-1(c) plan, indicating a pre-planned and structured approach to insider trading.

Future Outlook

The filing indicates a pre-planned acquisition of warrants by an insider, suggesting a long-term perspective on the company's value, with the transaction scheduled for September 4, 2025.

Industry Context

This insider transaction is a routine disclosure and does not provide specific insights into broader industry trends for the private aviation sector, but rather reflects an individual's investment strategy within the company.

Related Party Transactions

• The beneficial ownership of the warrants is indirect, held by EG Sponsor LLC.
• Gregg Hymowitz is linked to EG Sponsor LLC through a complex structure involving GH EP Holdings, LLC, EnTrust Global LLC, EnTrust Global Group LLC, and EnTrust Global Partners Offshore LP, establishing a related party relationship for beneficial ownership.
• An affiliate of GMF Capital holds an approximately 50% membership interest in EG Sponsor LLC, further detailing related party involvement in the beneficial ownership structure.

Stakeholder Impact

• Shareholders may view the insider's acquisition of warrants as a positive signal of management's confidence in the company's future, potentially bolstering investor sentiment.

Key Dates

Recommendation

The acquisition of 7,856 warrants by an insider, while a positive signal of confidence, is a relatively small transaction in the context of a publicly traded company. It does not provide sufficient new information to warrant a strong buy or sell recommendation, thus a 'hold' is appropriate as it's a minor, pre-planned event.

Keywords

FlyExclusive Inc., FLYX, Gregg Hymowitz, Warrants, Insider Trading, Form 4, Beneficial Ownership, 10b5-1 Plan, Derivative Securities, EG Sponsor LLC