Form 4: Global Crossing Airlines CFO Reports Sale of 118,500 Shares Under Pre-Planned Trading Arrangement

Ryan Goepel, President and Chief Financial Officer of Global Crossing Airlines Group Inc., reported the sale of 118,500 shares of common stock at $0.60 per share, executed under a Rule 10b5-1 trading plan.

Summary

• Ryan Goepel, who serves as a Director, Officer (President/Chief Financial Officer) of Global Crossing Airlines Group Inc. (JETMF), filed a Form 4 reporting a transaction on June 16, 2025.
• Mr. Goepel disposed of 118,500 shares of the company's common stock at a price of $0.60 per share.
• Following this transaction, Mr. Goepel directly beneficially owns 1,594,724 shares of common stock.
• An additional 3,350 shares are indirectly held as co-custodian for a minor child under the Uniform Transfer to Minors Act (FL), for which Mr. Goepel disclaims beneficial ownership.
• The filing indicates that the transaction was made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
• The document also details unvested Restricted Stock Units (RSUs) held by Mr. Goepel, including 83,333 RSUs granted on March 16, 2023, which are scheduled to vest on March 16, 2026.
• An award of 860,000 RSUs granted on February 3, 2025, is also reported, with vesting scheduled one-third on each of February 3, 2026, February 3, 2027, and February 3, 2028.
• Furthermore, 100,000 RSUs granted on March 20, 2024, are noted, vesting in equal annual installments on March 20, 2026, and March 20, 2027.
• As per the filing, the number of derivative securities beneficially owned following the reported transaction for all RSU awards is 0.

Sentiment

Score: 5

Explanation: The sale of shares by a key executive, while reducing insider holdings, was conducted under a Rule 10b5-1(c) plan, which suggests a pre-scheduled transaction rather than a reactive one based on new information, leading to a neutral sentiment.

Positives

• The reported sale of common stock was made pursuant to a pre-arranged contract, instruction, or written plan (Rule 10b5-1(c)), indicating it was not a reactive sale based on recent non-public information.

Negatives

• The sale of 118,500 shares by a key executive, the President and CFO, represents a reduction in insider holdings, which can sometimes be perceived negatively by investors.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Potential negative sentiment due to insider selling, though mitigated by the disclosure that the transaction was part of a pre-planned trading arrangement (Rule 10b5-1(c)).

Next Steps

• Vesting of 83,333 Restricted Stock Units on March 16, 2026.
• First installment vesting of 860,000 Restricted Stock Units on February 3, 2026.
• First installment vesting of 100,000 Restricted Stock Units on March 20, 2026.
• Second installment vesting of 860,000 Restricted Stock Units on February 3, 2027.
• Second installment vesting of 100,000 Restricted Stock Units on March 20, 2027.
• Third installment vesting of 860,000 Restricted Stock Units on February 3, 2028.

Key Dates

Keywords

Global Crossing Airlines Group, JETMF, Ryan Goepel, SEC Form 4, Insider Trading, Stock Sale, Executive Compensation, Restricted Stock Units, Corporate Officer, Director, Rule 10b5-1