Form 4: Republic Airways Completes Merger, Stock Split

Republic Airways Holdings Inc. completed its merger with Mesa Air Group, Inc., effected a 15-to-1 stock split, and changed its ticker to RJET, as President & CFO Michael Lotz reports new holdings.

Summary

• Republic Airways Holdings Inc. completed a stock-for-stock merger transaction with Mesa Air Group, Inc. on November 25, 2025.
• Mesa Air Group, Inc. merged with and into Republic, which then changed its name to Republic Airways Holdings Inc.
• Prior to the merger, a 15-to-1 stock split of the common stock was effected.
• The combined company now trades under the new ticker symbol RJET.
• All outstanding restricted stock units and restricted stock awards (RSAs) accelerated and converted into shares of the Issuer's common stock.
• President & CFO Michael Lotz reported beneficial ownership of 58,796 shares of common stock following the transaction, including 20,253 RSAs and 38,543 common stock shares.

Sentiment

Score: 7

Explanation: The completion of a merger and associated corporate actions like a stock split and name change are generally positive indicators of strategic execution, even if a Form 4 is primarily a disclosure of insider transactions.

Positives

• The merger transaction was successfully completed, creating a combined entity.
• Restricted stock units and awards accelerated and converted, providing clarity for holders.

Future Outlook

The merger of Republic Airways Holdings Inc. and Mesa Air Group, Inc. has been completed, with the combined entity operating under the Republic Airways Holdings Inc. name and trading under the new ticker symbol RJET. This indicates a new operational phase for the combined company.

Industry Context

This merger represents a consolidation event within the regional airline sector, potentially aiming for increased operational efficiencies, market share, or strategic positioning in a competitive industry.

Corporate Governance

Related Party Transactions

• The transaction involves an officer of the company acquiring shares as part of a corporate event (merger/conversion), which is a standard insider transaction disclosure.

Stakeholder Impact

• Shareholders: Existing shareholders of both Mesa Air Group, Inc. and Republic Airways Holdings Inc. are impacted by the merger, stock split, and name/ticker change. Holders of RSUs/RSAs saw their awards convert.
• Employees: The merger likely impacts employees of both entities through integration, though specific details are not in this filing.

Next Steps

• The combined company will continue operations under the new name and ticker symbol RJET.

Key Dates

Keywords

Republic Airways Holdings, Mesa Air Group, Merger, Stock Split, RJET, Form 4, Insider Transaction, Michael Lotz, Airline Industry, Restricted Stock Award