Form 4: Director Jamroz Boosts Global Crossing Airlines Stake

Global Crossing Airlines Director Krzysztof W. Jamroz reported significant acquisitions of common stock, RSUs, and warrants, increasing his indirect beneficial ownership.

Summary

• Krzysztof W. Jamroz, a Director of Global Crossing Airlines Group Inc. (JETMF), reported transactions on November 7, 2025.
• Acquired 256,260 shares of common stock at an exercise price of $0.711 per share, bringing his indirect beneficial ownership to 1,818,760 shares.
• Acquired an additional 141,760 shares of common stock at an exercise price of $0.711 per share, increasing his indirect beneficial ownership to 1,960,520 shares.
• Acquired 709,494 Class A Non-Voting Common Stock (RSUs) with an underlying common stock value of $0.729 per share, which are immediately exercisable and do not expire.
• Acquired an additional 392,486 Class A Non-Voting Common Stock (RSUs) with an underlying common stock value of $0.729 per share, bringing total RSU beneficial ownership to 1,101,980 shares.
• Acquired 965,754 warrants at a price of $0.01 per warrant, with an exercise price of $1.50 per share and an expiration date of April 29, 2026.
• Acquired an additional 534,246 warrants at a price of $0.01 per warrant, bringing total warrant beneficial ownership to 1,500,000 warrants.
• All reported securities are beneficially owned indirectly through LyonIX Aviation, LLC, an entity owned and/or controlled by Mr. Jamroz.

Sentiment

Score: 7

Explanation: The sentiment is positive due to a significant increase in insider ownership by a director, which typically signals confidence in the company's future prospects and valuation.

Positives

• Significant increase in indirect beneficial ownership by a company director, potentially signaling strong confidence in the company's future prospects.
• Acquisition of common stock through derivative exercise at $0.711 per share, indicating a specific valuation point for the insider.
• Acquisition of a substantial number of RSUs and warrants provides long-term alignment of the director's interests with shareholders.

Risks

• Warrants may not be exercised to the extent that, after giving effect to such exercise, the Reporting Person would beneficially own in excess of 4.99% of the issued and outstanding common stock after such exercise, which could limit full conversion.

Future Outlook

This Form 4 filing does not contain forward-looking statements or guidance regarding the company's future performance or outlook, focusing solely on insider transactions.

Industry Context

This filing details an insider transaction by a director of Global Crossing Airlines Group Inc., an airline operator. While specific to the company, significant insider buying can sometimes be interpreted by the market as a positive signal, suggesting management's belief in the company's future performance within the broader airline industry context.

Related Party Transactions

• The reporting person, Krzysztof W. Jamroz, owns and/or controls LyonIX Aviation, LLC, which is the entity that holds the common stock and was granted the RSUs, indicating an indirect beneficial ownership structure.

Stakeholder Impact

• Shareholders may view the director's increased stake as a positive indicator of management confidence, potentially boosting investor sentiment.
• The acquisition of warrants and RSUs aligns the director's long-term financial interests with the company's performance, benefiting all shareholders if the stock appreciates.

Key Dates

Keywords

Global Crossing Airlines Group Inc., JETMF, Krzysztof W. Jamroz, Insider Trading, Form 4, Stock Acquisition, Warrants, RSUs, Director, Beneficial Ownership