Form 4: Sky Harbour CFO Boosts Stake with Open Market Purchases

Sky Harbour Group Corp's Chief Financial Officer, Francisco Gonzalez, increased his direct beneficial ownership of Class A Common Stock through open market purchases totaling 12,400 shares.

Summary

• Francisco Gonzalez, Chief Financial Officer of Sky Harbour Group Corp, acquired a total of 12,400 shares of Class A Common Stock through open market purchases.
• The acquisitions occurred on November 19, 2025 (2,000 shares at $8.65), November 20, 2025 (9,100 shares at $8.57), and November 21, 2025 (1,300 shares at $8.45).
• Following these transactions, Mr. Gonzalez directly beneficially owns 517,018 shares of Class A Common Stock.
• This total beneficial ownership includes 180,379 shares of Class A Common Stock and 336,639 restricted stock units (RSUs) granted under the Sky Harbour Group Corporation 2022 Incentive Award Plan.
• Each RSU represents the contingent right to receive one share of Class A Common Stock upon vesting, which occurs in four equal annual installments beginning on the first anniversary of the grant date, provided continued service.
• Mr. Gonzalez also holds 250,000 non-qualified stock options with an exercise price of $11.63, exercisable from February 15, 2030, and expiring on February 15, 2034.
• Additionally, he holds 222,541 non-qualified stock options with an exercise price of $11.07, exercisable from February 18, 2031, and expiring on February 18, 2035.
• These stock options vest in installments according to their respective agreements, contingent on continued service.

Sentiment

Score: 7

Explanation: The Chief Financial Officer's open market purchases of company stock suggest confidence in the company's current valuation and future prospects, which is generally a positive signal.

Positives

• Chief Financial Officer Francisco Gonzalez increased his direct beneficial ownership of Class A Common Stock by purchasing 12,400 shares in the open market, signaling confidence in the company's future.
• Insider buying by a key executive can be interpreted as a positive indicator of management's belief in the company's valuation and prospects.

Risks

• The value of the beneficially owned Class A Common Stock is subject to market price fluctuations.
• Restricted Stock Units (RSUs) and stock options are subject to vesting conditions, primarily continued employment, meaning they could be forfeited if service is terminated before vesting.
• The stock options have exercise prices ($11.63 and $11.07) that are higher than the recent purchase prices of the common stock, indicating they are currently out-of-the-money relative to those recent transactions.

Future Outlook

The continued holding of restricted stock units and stock options, which vest over time contingent on continued service, indicates an expectation of long-term employment and alignment of interests between the CFO and the company's future performance.

Industry Context

This filing is specific to an individual's transactions within Sky Harbour Group Corp and does not provide broader industry context or trends. It reflects an insider's personal investment decision.

Stakeholder Impact

• Shareholders: Increased insider ownership may be viewed positively, signaling management's belief in the company's value and aligning management interests with shareholder interests.
• Employees: The vesting schedules for RSUs and stock options reinforce the importance of continued service, which can contribute to management stability.

Next Steps

• Continued vesting of 336,639 Restricted Stock Units in four equal annual installments, subject to continued service.
• Continued vesting of 472,541 Non-Qualified Stock Options in installments, subject to continued service.

Key Dates

Keywords

Sky Harbour Group Corp, SKYH, Francisco Gonzalez, CFO, insider trading, Form 4, stock acquisition, common stock, beneficial ownership, restricted stock units, stock options, corporate governance