Form 4: Red Oak Partners Sells JETMF Shares & Warrants

Red Oak Partners, a 10% owner of Global Crossing Airlines Group Inc., reported significant sales of common stock, Class A non-voting common stock, and warrants.

Summary

• Red Oak Partners, LLC, a 10% owner of Global Crossing Airlines Group Inc. (JETMF), reported sales of various securities on November 7, 2025.
• The Red Oak Fund, LP, directly sold 256,260 shares of Common Stock at $0.711 per share, 709,494 shares of Class A Non-Voting Common Stock at $0.729 per share, and 965,754 Warrants at $0.01 per warrant.
• The Red Oak Long Fund, L.P., directly sold 141,760 shares of Common Stock at $0.711 per share, 392,486 shares of Class A Non-Voting Common Stock at $0.729 per share, and 534,246 Warrants at $0.01 per warrant.
• Following these transactions, The Red Oak Fund, LP beneficially owns 6,060,759 shares of Common Stock, 2,924,645 shares of Class A Non-Voting Common Stock, 3,980,985 Warrants, and 10,868 shares of Class B Non-Voting Common Stock.
• Following these transactions, The Red Oak Long Fund, L.P. beneficially owns 3,166,888 shares of Common Stock, 1,510,688 shares of Class A Non-Voting Common Stock, 2,056,328 Warrants, and 5,632 shares of Class B Non-Voting Common Stock.
• Red Oak Partners, LLC disclaims beneficial ownership of all reported securities except to the extent of their pecuniary interest.

Sentiment

Score: 3

Explanation: The sentiment is negative due to significant insider selling by a 10% owner, which often signals a lack of confidence or a strategic divestment, potentially impacting investor perception negatively.

Negatives

• Significant insider selling by a 10% owner can be interpreted by the market as a negative signal regarding the company's future prospects or current valuation.
• The divestment of a substantial number of shares and derivative securities by a major holder may indicate a lack of confidence or a strategic shift away from the investment.

Risks

• Warrants held by the Reporting Persons may not be exercised if, after such exercise, beneficial ownership would exceed 4.99% of the issued and outstanding common stock.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance.

Industry Context

This Form 4 filing details insider trading activity, which is specific to the reporting entity and does not directly reflect broader industry trends. However, significant insider selling can influence investor sentiment within the airline sector.

Related Party Transactions

• Red Oak Partners, LLC, as a 10% owner of Global Crossing Airlines Group Inc., conducted sales of common stock and derivative securities, which are considered related party transactions.

Stakeholder Impact

• Shareholders may react negatively to the significant insider selling, potentially leading to downward pressure on the stock price due to concerns about the company's future prospects or valuation.
• The transactions could influence investor confidence and perception of the company's stability and growth potential.

Key Dates

Recommendation

The significant sale of common stock, Class A non-voting common stock, and warrants by Red Oak Partners, a 10% owner, suggests a potential lack of confidence in the company's near-term prospects or valuation. Such insider selling often precedes periods of underperformance or indicates that the insider believes the stock is fully valued or overvalued. Investors may interpret this as a signal to reduce exposure.

Keywords

Global Crossing Airlines, JETMF, Red Oak Partners, Insider Selling, Form 4, Beneficial Ownership, Stock Sale, Warrants, Equity Securities