SURF AIR (SRFM) director receives 36,765-share stock award, holds 482k

Rhea-AI Filing Summary

Shahani Sudhin reported acquisition or exercise transactions in this Form 4 filing.

SURF AIR MOBILITY INC. director Sudhin Shahani received a grant of 36,765 shares of Common Stock on April 21, 2026. The award was recorded at a reference price of $1.36 per share and is compensation-related, not an open-market purchase. After this grant, Shahani directly holds 482,183 Common Stock shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Shahani Sudhin

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	36,765	$1.36	$50K

Holdings After Transaction: Common Stock — 482,183 shares (Direct, null)

Footnotes (1)

Key Figures

Shares granted: 36,765 shares Grant reference price: $1.36 per share Shares held after transaction: 482,183 shares

3 metrics

Shares granted 36,765 shares Common Stock grant on April 21, 2026

Grant reference price $1.36 per share Transaction price for the 36,765-share award

Shares held after transaction 482,183 shares Total direct Common Stock ownership after the grant

Key Terms

Common Stock, Grant, award, or other acquisition, Form 4

3 terms

Common Stock financial

"security_title: "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

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.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED 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^*

Shahani Sudhin

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/21/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/21/2026		A		36,765	A	$1.36	482,183	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ Douglas Sugimoto, as attorney-in-fact for Sudhin Shahani	04/21/2026
	** Signature of Reporting Person	Date
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)

FAQ

What did SURF AIR MOBILITY (SRFM) director Sudhin Shahani report on this Form 4?

Director Sudhin Shahani reported receiving a grant of 36,765 shares of SURF AIR MOBILITY Common Stock. The award is classified as a grant or other acquisition, meaning it is compensation-related rather than an open-market stock purchase by the director.

How many SURF AIR MOBILITY (SRFM) shares did Sudhin Shahani hold after the reported grant?

Following the grant, Sudhin Shahani directly held 482,183 shares of SURF AIR MOBILITY Common Stock. This figure reflects his total direct ownership after adding the 36,765-share compensation award reported in this Form 4 filing.

Was the SURF AIR MOBILITY (SRFM) Form 4 transaction a stock purchase or a grant?

The transaction was a grant or award, not a market purchase. The Form 4 lists transaction code “A” with a description of “Grant, award, or other acquisition,” indicating compensation-related issuance of 36,765 Common Stock shares to director Sudhin Shahani.

What price per share is associated with Sudhin Shahani’s SURF AIR MOBILITY (SRFM) share grant?

The grant of 36,765 SURF AIR MOBILITY Common Stock shares is recorded at $1.36 per share. This value is the reference transaction price per share reported in the Form 4, used for reporting purposes, not necessarily an open-market trading price.

Does this SURF AIR MOBILITY (SRFM) Form 4 show any stock sales by Sudhin Shahani?

The Form 4 does not report any stock sales by Sudhin Shahani. It shows a single acquisition transaction coded as a grant or award, increasing his direct Common Stock holdings to a total of 482,183 shares after the transaction.