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Surf Air Mobility (SRFM) director receives 20,000 RSU equity award

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Pelsinger Shawn Kirby reported acquisition or exercise transactions in this Form 4 filing.

Surf Air Mobility Inc. director Shawn Kirby Pelsinger received an award of 20,000 restricted stock units (RSUs) of common stock at no purchase price. Each RSU represents a right to receive one share of common stock, vesting in full on October 8, 2026, subject to continued service. Following this grant, Pelsinger directly holds 83,352 shares or share-equivalents of Surf Air Mobility common stock.

Positive

  • None.

Negative

  • None.
Insider Pelsinger Shawn Kirby
Role null
Type Security Shares Price Value
Grant/Award Common Stock 20,000 $0.00 --
Holdings After Transaction: Common Stock — 83,352 shares (Direct, null)
Footnotes (1)
  1. [object Object]
RSU grant size 20,000 RSUs Restricted stock units awarded to director on Form 4
Grant price per share $0.00 per share RSU award granted at no purchase price
Holdings after transaction 83,352 shares Total direct holdings following RSU grant
Vesting date October 8, 2026 RSUs vest in full on this date if service continues
restricted stock units ("RSUs") financial
"Represents restricted stock units ("RSUs"). Each RSU represents a contingent right to receive..."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
contingent right financial
"Each RSU represents a contingent right to receive, upon vesting of the RSU, one share..."
transaction code "A" regulatory
"transaction_code_description": "Grant, award, or other acquisition""
continued service other
"The RSUs will vest in full on October 8, 2026, subject to the Reporting Person's continued service..."
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Pelsinger Shawn Kirby
(Last)(First)(Middle)
12111 S. CRENSHAW BLVD.
(Street)
HAWTHORNE CALIFORNIA 90250
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
SURF AIR MOBILITY INC. [ SRFM ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/22/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock05/22/2026A20,000(1)A$083,352D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents restricted stock units ("RSUs"). Each RSU represents a contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock. The RSUs will vest in full on October 8, 2026, subject to the Reporting Person's continued service to the Issuer.
/s/ Douglas Sugimoto, as attorney-in-fact for Shawn Pelsinger05/22/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Surf Air Mobility (SRFM) disclose for Shawn Kirby Pelsinger?

Surf Air Mobility disclosed that director Shawn Kirby Pelsinger received 20,000 restricted stock units (RSUs) of common stock as a grant. These RSUs were awarded at no purchase price and represent equity-based compensation rather than an open-market share purchase.

How many Surf Air Mobility (SRFM) shares does Shawn Kirby Pelsinger hold after this Form 4?

After the reported RSU grant, Shawn Kirby Pelsinger holds 83,352 shares or share-equivalents of Surf Air Mobility common stock directly. This total includes the newly granted 20,000 restricted stock units that will convert into shares when they vest, subject to service conditions.

When do the newly granted RSUs for Surf Air Mobility (SRFM) vest?

The 20,000 restricted stock units granted to Shawn Kirby Pelsinger vest in full on October 8, 2026. Vesting is contingent on his continued service to Surf Air Mobility through that date, meaning the RSUs convert to common shares only if this condition is satisfied.

Did Shawn Kirby Pelsinger buy Surf Air Mobility (SRFM) shares on the open market?

No, the filing reports a grant of 20,000 restricted stock units at a price of $0.00 per share. This is compensation-related equity, not an open-market purchase, and is classified under transaction code “A” for a grant, award, or other acquisition.

What does transaction code “A” mean in the Surf Air Mobility (SRFM) Form 4?

Transaction code “A” on the Form 4 indicates a grant, award, or other acquisition of securities. In this case, it refers to 20,000 restricted stock units awarded to director Shawn Kirby Pelsinger as equity compensation rather than a market trade involving cash payment.