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Filing Details

Accession Number:: 0001161697-24-000017
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-01-02 20:20:21
Reporting Period:: 2023-12-28

Accepted Time:: 2024-01-02 20:20:21
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1842566	Airship Ai Holdings Inc.	AISP	Services-Prepackaged Software (7372)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
2004301	Victor Huang	C/O Airship Ai Holdings, Inc. 8210 154Th Ave Ne Redmond WA 98052	Ceo And Chairman Of The Bod	Yes	Yes	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2023-12-28	5,500	$2.15	5,500	No	4	P	Direct
Common Stock	Acquisiton	2023-12-28	200	$2.14	5,700	No	4	P	Direct
Common Stock	Acquisiton	2023-12-28	300	$2.13	6,000	No	4	P	Direct
Common Stock	Acquisiton	2023-12-28	2,000	$2.15	8,000	No	4	P	Direct
Common Stock	Acquisiton	2023-12-28	4,500	$2.11	12,500	No	4	P	Direct
Common Stock	Acquisiton	2023-12-28	2,500	$2.07	15,000	No	4	P	Direct
Common Stock	Acquisiton	2023-12-28	3,000	$2.11	18,000	No	4	P	Direct
Common Stock	Acquisiton	2023-12-28	2,000	$2.10	20,000	No	4	P	Direct
Common Stock	Acquisiton	2023-12-28	10,000	$2.04	30,000	No	4	P	Direct
Common Stock	Acquisiton	2023-12-28	10,000	$2.01	40,000	No	4	P	Direct
Common Stock	Acquisiton	2023-12-29	5,000	$1.74	45,000	No	4	P	Direct
Common Stock	Acquisiton	2023-12-29	5,000	$1.71	50,000	No	4	P	Direct
Common Stock	Acquisiton	2024-01-02	5,000	$1.48	55,000	No	4	P	Direct
Common Stock	Acquisiton	2024-01-02	5,000	$1.48	60,000	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	3,384,353	Indirect	See footnote

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Options	$0.12	2023-12-21	2032-01-15	1,758,105	1,758,105	Indirect
Common Stock	Stock Appreciation Rights	$0.12	2023-12-21	2032-02-16	1,758,105	1,758,105	Indirect
Common Stock	Warrants	$1.77	2023-12-21	2027-05-08	1,344,951	1,344,951	Direct
Common Stock	Earnout Rights	$0.00			1,533,458	1,533,458	Indirect
Common Stock	Earnout Rights	$0.00			298,878	298,878	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2032-01-15	1,758,105	1,758,105	Indirect
2032-02-16	1,758,105	1,758,105	Indirect
2027-05-08	1,344,951	1,344,951	Direct
	1,533,458	1,533,458	Indirect
	298,878	298,878	Direct

Footnotes

Represents shares of common stock of the Issuer received on December 21, 2023, as consideration pursuant to that certain Merger Agreement, dated as of June 27, 2023 (as amended on September 22, 2023 and as may be further amended and/or restated from time to time, the "Merger Agreement"), by and among Airship AI Holdings, Inc., a Delaware corporation (the "Issuer") (formerly known as BYTE Acquisition Corp., a Cayman Island exempted company limited by shares, prior to its domestication as a Delaware corporation), BYTE Merger Sub, Inc., a Washington corporation and a direct, wholly-owned subsidiary of the Issuer, and Airship AI, Inc., a Washington company (formerly known as Airship AI Holdings, Inc., "Airship AI"). The Reporting Person received the reported shares in exchange for shares of common stock of Airship AI at the Conversion Ratio, as defined in the Merger Agreement, as of the Effective Time of the Merger.
Airship Kirkland Family Limited Partnership is the record holder of the securities reported herein. Victor Huang is the managing partner of Airship Kirkland Family Limited Partnership and as such has voting and dispositive power over these securities. Mr. Huang disclaims beneficial ownership of the securities held by Airship Kirkland Family Limited Partnership, except to the extent of his pecuniary interest therein.
Represents options to purchase shares of common stock of the Issuer received on December 21, 2023, pursuant to the Merger Agreement, upon the conversion of options to purchase shares of common stock of Airship AI at the Conversion Ratio, as defined in the Merger Agreement, as of the Effective Time of the Merger.
Represents stock appreciation rights denominated in shares of common stock of the Issuer received on December 21, 2023, pursuant to the Merger Agreement, upon the conversion of stock appreciation rights denominated in shares of common stock of Airship AI at the Conversion Ratio, as defined in the Merger Agreement, as of the Effective Time of the Merger.
Represents warrants to purchase shares of common stock of the Issuer received by the Reporting Person on December 21, 2023, pursuant to the Merger Agreement, upon the conversion of warrants to purchase shares of common stock of Airship AI at the Conversion Ratio, as defined in the Merger Agreement, as of the Effective Time of the Merger.
Pursuant to earnout provisions in the Merger Agreement, the holder of such Earnout Rights is entitled to receive shares of common stock of the Issuer upon the occurrence of certain operating performance and share price performance milestones during the applicable earnout periods set forth in the Merger Agreement.