Filing Details

Accession Number:
0001161697-25-000002
Form Type:
4
Zero Holdings:
No
Publication Time:
2025-01-02 16:29:38
Reporting Period:
2024-12-31
Accepted Time:
2025-01-02 16:29:38
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1842566 Airship Ai Holdings Inc. AISP () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1197104 E Mark Scott C/O Airship Ai Holdings, Inc.
8210 154Th Ave Ne, Suite 120
Redmond WA 98052
Chief Financial Officer No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2024-12-31 22,000 $6.25 0 No 4 S Indirect See footnote
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect See footnote
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Options $0.57 2023-12-21 2032-01-15 43,952 43,952 Indirect
Common Stock Options $1.64 2023-12-21 2033-08-06 21,952 21,952 Indirect
Common Stock Earnout Rights $0.00 19,534 19,534 Indirect
Common Stock Options $1.49 2024-03-01 2034-03-01 25,000 25,000 Indirect
Common Stock Options $2.86 2034-08-16 100,000 100,000 Indirect
Expiration Date Amount Remaning Holdings Nature of Ownership
2032-01-15 43,952 43,952 Indirect
2033-08-06 21,952 21,952 Indirect
19,534 19,534 Indirect
2034-03-01 25,000 25,000 Indirect
2034-08-16 100,000 100,000 Indirect
Footnotes
  1. Represents options to purchase shares of common stock of the Issuer received on December 21, 2023, 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 options 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.
  2. Held by various entities controlled by the Reporting Person. The Reporting Person has voting and dispositive power over the securities held by such entities. The Reporting Person disclaims beneficial ownership of such securities, except to the extent of his pecuniary interest therein.
  3. Pursuant to earnout provisions in the Merger Agreement and subject to the Reporting Person's continued service to the Issuer, 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.
  4. Options vest quarterly over 4 years.