SCHEDULE: Hexstone Capital Reports 9.9% Stake in Jet.AI Inc.
Beneficial Ownership Report
Hexstone Capital LLC and Brendan O'Neil report a 9.9% beneficial ownership in Jet.AI Inc. through convertible preferred stock.
Summary
- Hexstone Capital LLC and Brendan O'Neil jointly filed a Schedule 13G regarding their ownership in Jet.AI Inc.
- As of July 17, 2025, Hexstone Capital LLC and Brendan O'Neil beneficially own 361,959 shares of Jet.AI Inc.'s common stock, representing 9.9% of the outstanding shares.
- The ownership is derived from 450 shares of Series B Convertible Preferred Stock, which are convertible into common stock, but subject to a 9.99% beneficial ownership limitation.
- The share amounts and ownership percentages are based on 3,261,256 shares of Common Stock outstanding, as disclosed in the Form 10-Q.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing is a standard disclosure of ownership.
Positives
- Hexstone Capital LLC's investment indicates confidence in Jet.AI Inc.'s prospects.
- The filing confirms Hexstone Capital LLC's beneficial ownership of 9.9% of Jet.AI Inc.'s common stock.
Future Outlook
There are no explicit forward-looking statements in this filing. The filing relates to the reporting of existing ownership.
Industry Context
This filing reflects investment activity and ownership changes in the AI-driven aviation sector, which is attracting increasing investor attention.
Stakeholder Impact
- Shareholders: Awareness of significant ownership positions.
- Potential Investors: Insight into investor interest in Jet.AI Inc.
Key Dates
| Date | Description |
|---|---|
| 2025-06-30 | End of the period for the issuer's Quarterly Report on Form 10-Q. |
| 2025-07-17 | Date of event which requires filing of this statement. |
| 2025-08-14 | Date of the issuer's Quarterly Report on Form 10-Q filing. |
| 2025-08-20 | Date of the Joint Filing Agreement and Schedule 13G filing. |
Recommendation
holdThe filing is a disclosure of ownership and does not provide enough information to make a buy or sell recommendation. A hold recommendation is appropriate until further information is available.
Keywords
Jet.AI Inc., Hexstone Capital LLC, Brendan O'Neil, Schedule 13G, Beneficial Ownership, Convertible Preferred Stock, Common Stock
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