Form 4: Surf Air Mobility Director Granted Equity

Surf Air Mobility Director Shawn Pelsinger received grants of 63,352 restricted stock units, aligning his interests with shareholders.

Summary

• Shawn Kirby Pelsinger, a Director of Surf Air Mobility Inc. (SRFM), acquired a total of 63,352 shares in the form of Restricted Stock Units (RSUs) on October 8, 2025.
• The first grant consisted of 46,667 RSUs, which will vest in full on the first anniversary of the grant date, subject to Mr. Pelsinger's continued service to the Issuer.
• The second grant comprised 16,685 RSUs, which will vest in full on the earlier of June 26, 2026, or the day immediately preceding the first annual meeting of stockholders after the grant date, also subject to continued service.
• Each RSU represents a contingent right to receive one share of the Issuer's common stock upon vesting.
• The transaction price for these RSU grants was $0 per unit.

Sentiment

Score: 6

Explanation: Slightly positive, as the equity grant aligns the director's interests with shareholders, which is generally viewed favorably for corporate governance and long-term strategy, though it is a routine compensation event.

Positives

• The grant of Restricted Stock Units to a Director aligns management's long-term interests with those of the shareholders, incentivizing performance and retention.
• The equity compensation structure is a common practice to attract and retain experienced board members.

Future Outlook

The grants of Restricted Stock Units are contingent on the Director's continued service to Surf Air Mobility Inc. and are scheduled to vest on specific future dates in 2026, indicating a planned long-term retention strategy.

Industry Context

Equity grants, particularly Restricted Stock Units, are a standard component of executive and director compensation packages across various industries, including the mobility and aviation sectors. They are designed to align the interests of key personnel with long-term shareholder value creation.

Stakeholder Impact

• Shareholders: The grant of RSUs to a director can enhance alignment between management and shareholder interests, potentially leading to more focused long-term value creation.
• Employees: No direct impact on general employees is indicated by this filing.

Next Steps

• Vesting of 46,667 RSUs on October 8, 2026, subject to continued service.
• Vesting of 16,685 RSUs on the earlier of June 26, 2026, or the day preceding the first annual meeting of stockholders after the grant date, subject to continued service.

Key Dates

Keywords

Surf Air Mobility, SRFM, Shawn Pelsinger, Restricted Stock Units, RSU, Insider Transaction, Equity Grant, Director Compensation, SEC Form 4