Jet.AI Inc. · Stock award · Stock Option (Right to Buy)

What does this filing report?

An SEC Form 4 filing for Jet.AI Inc. records a stock award involving Stock Option (Right to Buy) on September 24, 2024. The reported quantity was 267. The filing date is December 12, 2025. This is one transaction record; amounts are not allocated among any joint reporting owners.

The acquisition category describes how securities were received. It does not by itself establish a cash purchase of common stock. Read the transaction code definitionsand the original filing before interpreting the amounts.

Derivative terms

Underlying security

Common Stock, par value $0.0001 per share

Underlying quantity

267

Conversion / exercise price

24.35

Exercise date

Not reported

Expiration date

September 24, 2034

Filing footnotes & remarks

F1

In the reporting person's last-filed Form 4, filed on August 20, 2024, 995,754 shares of common stock, par value $0.0001 per share ("Common Stock"), of Jet.AI Inc. (the "Issuer") underlying options held by the reporting person ("Option Shares") were mistakenly included in the reporting person's reported aggregate holdings of Common Stock in Table I of the Form 4. Excluding such Option Shares, which had been correctly reported as part of the reporting person's Table II holdings of derivative securities in a Form 4 filed on August 23, 2023, the reporting person actually held 11 shares of Common Stock following the transactions reported in his last-filed Form 4.

F2

On November 12, 2024, the Issuer effected a 1-for-225 reverse stock split of its Common Stock (the "Reverse Split"). The 11 shares of Common Stock previously held by the reporting person were converted into less than one whole share as a result of the Reverse Split. In accordance with the terms of the Reverse Split, the Issuer cashed out fractional shares, resulting in the reporting person holding no shares of Common Stock following the Reverse Split.

F3

The exercise price, number of derivative securities, and number of underlying shares of Common Stock reported for this option reflect the Issuer's 1-for-225 Reverse Split of its Common Stock.

F4

At the recommendation of the Issuer's Compensation Committee, the Issuer's Board of Directors approved this option grant on December 26, 2023, subject to stockholder approval of an amendment to the omnibus incentive plan under which the option was granted. The Issuer's stockholders approved such amendment on September 24, 2024.

F5

This option vests monthly in equal installments beginning on January 26, 2024.

Footnotes are reproduced as plain text from the current source filing. For the full context, read the original SEC filing.