Surf Air Mobility Co-Founders, Officers, and Directors Backing 2026 Plan with Common Stock Purchases
Surf Air Mobility Co-Founders, Officers, and Directors Backing 2026 Plan with Common Stock Purchases
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Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
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Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
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A capital raise is when a company brings in new money from investors or lenders by selling shares, debt, or other securities to fund operations, growth projects, or to pay liabilities. It matters to investors because it changes the company’s financial picture—adding cash that can enable expansion or avoid trouble, but also potentially reducing each existing owner’s share or increasing the company’s debt load, similar to putting fuel in a car to keep it running while changing who shares the ride or who pays for repairs.
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A loan or line of credit that is secured by one or more airplanes as collateral, meaning the lender can seize or sell the aircraft if the borrower defaults. Investors care because the aircraft provide tangible backup value that reduces credit risk but also tie returns to factors like aircraft age, maintenance, and resale demand — similar to a mortgage where the house cushions the lender’s losses but can fluctuate in worth.
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Capital commitments reflect management’s confidence in Surf Air Mobility’s platform momentum, SurfOS™ technology, and approximate 40% improvement in Adjusted EBITDA guidance.
Share purchases by Co-Founders, Chairman of the Board, CEO, CFO, and other directors totaling approximately $5.3 million.
LOS ANGELES--(BUSINESS WIRE)--
Surf Air Mobility Inc. (NYSE: SRFM) (“Surf Air Mobility”, or the “Company”), a leading air mobility platform, has reported that participating officers and directors, including one of the Company’s Co-Founders, Chairman of the Board, CEO, and CFO, have reported purchases of SRFM common stock in Form 4 filings with the Securities and Exchange Commission.
Together with a Co-Founder’s lead investment, the Company’s insiders purchased a total of $5.3 million of the Company’s broader $30 million capital raise, which was announced on April 20, 2026 and included $15 million of non-dilutive, aircraft-backed credit, and $15 million of common equity.
The capital commitments from Surf Air Mobility’s Co-Founders, officers, and directors reflect confidence in the Company’s platform momentum, SurfOS technology, and approximate 40% improvement in Adjusted EBITDA guidance. The Company released additional details on its 2026 plan in a recent letter to Surf Air Mobility shareholders here.
About Surf Air Mobility
Surf Air Mobility is a Los Angeles-based air mobility platform. With its AI-enabled SurfOS software and electrification programs, Surf Air Mobility provides technology designed to support the modernization of air operations and the adoption of next-generation aircraft. The Company currently operates one of the largest commuter airlines in the United States by scheduled departures, which provides operational scale and real-world operating data to validate and deploy its software. Together, these capabilities position Surf Air Mobility as a leader shaping a more efficient, connected, and accessible future for aviation.
Forward-Looking Statements
This Press Release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding Surf Air Mobility’s profitability and future financial results and its ability to achieve its business objectives. Readers of this release should be aware of the speculative nature of forward-looking statements. These statements are based on the beliefs of the Company’s management as well as assumptions made by and information currently available to the Company and reflect the Company’s current views concerning future events. As such, they are subject to risks and uncertainties that could cause actual results or events to differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, among many others: Surf Air Mobility’s ability to anticipate the future needs of the air mobility market; Surf Air Mobility’s future ability to pay contractual obligations and liquidity will depend on operating performance, cash flow and ability to secure adequate financing; the dependence on third-party partners and suppliers for the components and collaboration in Surf Air Mobility’s development of its advanced air mobility software platform, and any interruptions, disagreements or delays with those partners and suppliers; the inability to execute business objectives and growth strategies successfully or sustain Surf Air Mobility’s growth; the inability of Surf Air Mobility’s customers to pay for Surf Air Mobility’s services; the inability of Surf Air Mobility to obtain additional financing or access the capital markets to fund its ongoing operations on acceptable terms and conditions; the outcome of any legal proceedings that might be instituted against Surf Air Mobility, the risks associated with Surf Air Mobility’s obligations to comply with applicable laws, government regulations and rules and standards of the New York Stock Exchange; and general economic conditions. These and other risks are discussed in detail in the periodic reports that the Company files with the SEC, and investors are urged to review those periodic reports and the Company’s other filings with the SEC, which are accessible on the SEC’s website at www.sec.gov, before making an investment decision. The Company assumes no obligation to update its forward-looking statements except as required by law.
