flyExclusive, Inc. filings document the regulatory record of a public private aviation company with FAA-certificated carrier operations, charter services, Jet Club membership, fractional ownership programs, and in-house aircraft MRO capabilities. Recent 8-K disclosures report operating and financial results, corporate presentations, material agreements, and capital-structure matters.
The company’s filings also disclose debt arrangements tied to aircraft financing, amendments to senior secured note terms, at-the-market equity offering arrangements, shelf registration and prospectus supplement activity, Class A common stock and warrant references, shareholder voting matters, governance matters, risk factors, and emerging growth company status. These records connect flyExclusive’s aircraft-based operating model with its financing, securities, and public-company reporting obligations.
FLYEXCLUSIVE INC. Chief Financial Officer Bradley G. Garner reported a compensation-related stock award and existing option holdings. He received a grant of 38,580 shares of Class A Common Stock at $2.16 per share, bringing his direct common share holdings reported here to 38,580 shares. He also holds stock options over 1,600,000 underlying Class A shares at an exercise price of $2.78 expiring on September 25, 2034, and options over 800,000 underlying shares at an exercise price of $5.00 expiring on September 25, 2035. Footnotes state these options were granted in 2024 and 2025 and vest in three equal annual installments over three years from each grant date.
FLYEXCLUSIVE INC. Chief Commercial Officer Michael Guina reported an equity compensation grant and existing option holdings. On May 13, 2026, he received 38,580 shares of Class A Common Stock as a grant or award at a price of $2.16 per share, leaving him with 38,580 common shares held directly.
Guina also holds stock options over 1,600,000 shares of Class A Common Stock at an exercise price of $2.78 per share expiring on September 25, 2034, and options over 800,000 shares at $5.00 per share expiring on September 25, 2035. Footnotes state these options were granted on September 26, 2025 and September 26, 2024, each vesting in three equal annual installments over three years.
Hymowitz Gregg reported acquisition or exercise transactions in this Form 4 filing.
flyExclusive Inc. director and ten percent owner Gregg Hymowitz received a grant of 46,296 restricted stock units of Class A common stock, awarded at $0.00 per share. Each unit vested immediately and represents the right to receive one share of Class A common stock.
The filing also reports indirect holdings: 8,818,089 shares of common stock held by EnTrust Emerald (Cayman) LP and 12,718,807 shares of Class A common stock held by EG Sponsor LLC, entities with which Hymowitz is affiliated but where beneficial ownership is disclaimed except for any pecuniary interest.
Hopper Peter B. reported acquisition or exercise transactions in this Form 4 filing.
flyExclusive Inc. director Peter B. Hopper received a grant of 46,296 restricted stock units of Class A common stock on May 13, 2026. Each unit represents a contingent right to one share, and the units vested immediately upon grant. Following this equity award, Hopper directly holds 171,296 shares of Class A common stock.
FLYEXCLUSIVE INC. Chief Accounting Officer Zachary M. Nichols reported a compensation-related stock award. On May 13, 2026, he acquired 23,148 shares of Class A Common Stock at an indicated price of $2.16 per share through a grant or award. Following this transaction, he directly holds 23,148 shares, with no derivative positions reported in this filing.
HOLDING FRANK B JR reported acquisition or exercise transactions in this Form 4 filing.
FLYEXCLUSIVE INC. director Frank B. Holding Jr. received an equity grant of 46,296 restricted stock units of Class A common stock on May 13, 2026. Each unit represents a right to receive one share of Class A common stock, and the units vested immediately upon grant. Following this award, he holds 46,296 shares directly.
FLYEXCLUSIVE INC. Chief Operating Officer Matthew Lesmeister reported compensation-related equity activity. On May 13, 2026, he received a stock award of 38,580 shares of Class A Common Stock at $2.16 per share. To cover tax obligations for this award, 12,982 shares were withheld by the company rather than sold on the market.
Following these transactions, Lesmeister directly holds 38,580 shares of Class A Common Stock. He also holds stock options covering 1,600,000 underlying shares at an exercise price of $2.78 expiring in 2034, and options for 800,000 underlying shares at $5.00 expiring in 2035, which vest in three equal annual installments from their respective grant dates.
flyExclusive, Inc. reported Q1 2026 consolidated revenue of $96 million, up 9% year over year, driven by higher charter and maintenance activity. Flight revenue rose 9%, fractional revenue 5%, and MRO revenue 14%, helping gross profit grow about 60% with gross margin improving to 20%.
The company reached positive Adjusted EBITDA, a roughly $6 million improvement versus Q1 2025, with a 740 basis-point gain in Adjusted EBITDA margin and sequential quarterly improvements. Operational initiatives reduced non‑performing aircraft, increased dispatch availability by 760 basis points, and lifted core fleet utilization by 15% despite a 7% smaller fleet.
flyExclusive also reduced long-term notes payable by $10 million and reports better SG&A efficiency, with revenue per SG&A headcount up 9% and flight hours per SG&A headcount up 7%. Retail dynamics were mixed, with retail members up 1%, JetClub sales down 11%, and fractional sales up 27%.
flyExclusive, Inc. reported higher revenue but continued losses for the quarter ended March 31, 2026. Revenue rose to $96.4 million from $88.1 million a year earlier, while the net loss attributable to common stockholders widened slightly to $7.9 million, or $0.17 per share.
Total assets were $449.3 million, but liabilities of $521.8 million and preferred and redeemable interests left a stockholders’ deficit of $214.6 million. The company had a working capital deficit of $212.3 million and an accumulated deficit of $448.3 million, though operating cash outflow improved to just $0.6 million compared with $10.5 million in the prior-year quarter.
Cash and cash equivalents stood at $18.7 million. Management expects existing cash, operating cash flows, and proceeds from its fractional program to fund operations for at least 12 months, but notes it may need additional capital to support growth or if conditions change.
Jet.AI Inc. is asking stockholders to approve a set of transactions: a distribution of all shares of a newly formed subsidiary SpinCo to Jet.AI holders, followed by a merger in which FlyX Merger Sub will merge into SpinCo and SpinCo will survive as a wholly owned subsidiary of flyExclusive. The proxy/prospectus explains an exchange formula tied to an Initial Purchase Price (based on Estimated Net Cash and an Applicable Premium Percentage) and a Parent Trading Price. Using an illustrative Estimated Net Cash of $12.0 million and an assumed Parent Trading Price of $3.00, the example shows 4,600,000 Merger Consideration Shares (3,680,000 issued at closing and 920,000 reserved). Post-closing ownership is illustrated as approximately 11% for pre-transaction Jet.AI holders and 89% for pre-transaction flyExclusive holders on a fully diluted basis. Jet.AI’s Special Meeting is scheduled virtually for June 11, 2026 to vote on the Transactions Proposal and an adjournment proposal; record date is May 8, 2026. The exchange ratios, reserve share mechanics and post-closing shares are subject to adjustments described in the Merger Agreement.