4/A: Surf Air Mobility CFO Corrects Clerical Errors in Initial Form 4 Filing

Oliver Reeves, CFO of Surf Air Mobility, files an amended Form 4 to correct clerical errors in the original filing regarding the acquisition of common stock.

Summary

• Oliver Reeves, the Chief Financial Officer of Surf Air Mobility Inc. [SRFM], filed an amendment to a previously submitted Form 4.
• The amendment, filed on April 14, 2025, corrects clerical errors in columns 4 and 5 of Table I in the original Form 4 filed on April 11, 2025.
• The corrected filing reports that Reeves acquired 150,000 shares of common stock and beneficially owns 168,438 shares.
• The 150,000 shares represent restricted stock units that will vest in four equal annual installments beginning on the first anniversary of the date of grant, contingent upon continued service.
• Vested shares will be delivered on the date specified in the award agreement.
• The filing also reflects a 1-for-7 reverse stock split that the Issuer effected on August 19, 2024.

Sentiment

Score: 7

Explanation: The document is a routine correction of a regulatory filing, indicating standard corporate governance practices. The sentiment is neutral to slightly positive as it reflects transparency and adherence to regulations.

Future Outlook

The restricted stock units will vest in four equal annual installments beginning on the first anniversary of the date of grant, subject to the Reporting Person's continued service through each applicable vesting date.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The correction of the Form 4 filing ensures accurate information for shareholders regarding insider ownership.
• This promotes transparency and trust in the company's reporting practices.

Key Dates

Keywords

Form 4/A, Surf Air Mobility, Oliver Reeves, CFO, Beneficial Ownership, Restricted Stock Units, Reverse Stock Split, Amendment