Form 4: Global Crossing Airlines Group Inc. Executive Ryan Goepel Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Ryan Goepel, President/CFO of Global Crossing Airlines Group Inc., reports changes in beneficial ownership of company stock, including the acquisition of restricted stock units.
Summary
- Ryan Goepel, a Director and President/CFO of Global Crossing Airlines Group Inc. (JETMF), filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- The report indicates that Goepel owns 1,680,717 shares of common stock directly.
- He also indirectly owns 3,350 shares as co-custodian for a minor child under the Uniform Transfer to Minors Act (FL), but disclaims beneficial ownership of these shares.
- Goepel was granted 860,000 Restricted Stock Units (RSUs) on February 3, 2025, which vest in three equal installments on August 3, 2026, August 3, 2027, and August 3, 2028, subject to continued service.
- He also holds options to purchase 71,667 shares of common stock at an exercise price of $0.25, which were granted on March 16, 2022, and expire on March 23, 2025.
- Additionally, Goepel holds 83,333 RSUs granted on March 16, 2023, vesting in equal annual installments on March 16, 2025 and March 16, 2026, and 50,000 RSUs granted on March 20, 2024, vesting in equal annual installments on March 20, 2025, March 20, 2026 and March 20, 2027.
Sentiment
Score: 5
Explanation: This is a neutral regulatory filing. The information is factual and doesn't inherently indicate positive or negative sentiment.
Positives
- The granting of RSUs to a key executive like the President/CFO can be seen as an incentive to align their interests with the long-term success of the company.
Future Outlook
The vesting schedules of the RSUs indicate a multi-year commitment from the executive.
Industry Context
Form 4 filings are a routine part of regulatory compliance for publicly traded companies and provide transparency into the trading activities of company insiders.
Stakeholder Impact
- Shareholders can use this information to understand the alignment of management's interests with their own.
Key Dates
| Date | Description |
|---|---|
| 03/16/2022 | Grant date of options to purchase common stock. |
| 03/23/2025 | Expiration date of options to purchase common stock. |
| 03/16/2023 | Grant date of restricted stock units vesting on March 16, 2025 and March 16, 2026. |
| 03/20/2024 | Grant date of restricted stock units vesting on March 20, 2025, March 20, 2026 and March 20, 2027. |
| 02/03/2025 | Date of earliest transaction and grant date of 860,000 restricted stock units vesting on August 3, 2026, August 3, 2027 and August 3, 2028. |
| 02/05/2025 | Date of signature on the Form 4 filing. |
| 03/16/2025 | Vesting date of restricted stock units granted on March 16, 2023. |
| 03/20/2025 | Vesting date of restricted stock units granted on March 20, 2024. |
| 08/03/2026 | First vesting date of restricted stock units granted on February 3, 2025. |
| 08/03/2027 | Second vesting date of restricted stock units granted on February 3, 2025. |
| 08/03/2028 | Third vesting date of restricted stock units granted on February 3, 2025. |
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