10/14/2026 | Press release | Distributed by Public on 10/14/2026 16:46
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FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
| 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 control number. | |||
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1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Stock Option (Right to Buy)(2) | (3) | 07/22/2035 | Common Stock | 58,750 | $13.45(4) | D | |
| Stock Option (Right to Buy)(2) | (5) | 11/25/2035 | Common Stock | 66,250 | $6.58(4) | D | |
| Stock Option (Right to Buy)(2) | (6) | 12/18/2035 | Common Stock | 55,050 | $7.28(4) | D | |
| Stock Option (Right to Buy)(2) | (7) | 01/16/2029 | Common Stock | 11,636 | $8.83(4) | D | |
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Paduch Brett Allen C/O AMAERO INC. 130 INNOVATION DRIVE SW MCDONALD, TN 37353 |
CFO & Secretary | |||
| /s/ Brett Paduch | 10/14/2026 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 5(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). |
| (1) | Holding reflects ownership of Chess Depositary Interests ("CDIs") traded on the Australian Securities Exchange. Each CDI is held by CHESS Depositary Nominees Pty Ltd. and reflects a beneficial interest in 1/40th of a share of the Issuer's common stock. |
| (2) | All of the outstanding equity awards were granted under and subject to the terms of the Issuer's Employee Incentive Plan. Each grant reflects an option to purchase CDIs, which each are held by CHESS Depositary Nominees Pty Ltd. and reflect a beneficial interest in 1/40th of a share of the Issuer's common stock. The number of shares underlying unexercised options reflect the number of shares of common stock underlying the number of CDIs subject to each equity grant |
| (3) | Twenty percent (20%) of the shares subject to the option vested on July 22, 2025, twenty percent (20%) of the shares subject to the option vested on July 14, 2026, and twenty percent (20%) of the shares subject to the option vest each year thereafter on the same date, subject to the reporting person's continuing employment with the Issuer on each such vesting date. |
| (4) | The option awards were granted with the equivalent of a per share exercise price equal to the fair market value of one share of the Issuer's common stock on the date of grant, as determined in good faith by the Issuer's board of directors based on third-party valuations of the Issuer's common stock. Exercise price originally granted in $AUD per CDI and converted to USD per share at an exchange rate of $1 AUD for $0.7004 USD, based on the conversion rate as of the June 22, 2026 redomiciliation of the Issuer. |
| (5) | Twenty percent (20%) of the shares subject to the option vested on November 25, 2025, and twenty percent (20%) of the shares subject to the option vest each year thereafter on the same date, subject to the reporting person's continuing employment with the Issuer on each such vesting date. |
| (6) | Twenty percent (20%) of the shares subject to the option vested on December 18, 2025, and twenty percent (20%) of the shares subject to the option vest each year thereafter on the same date, subject to the reporting person's continuing employment with the Issuer on each such vesting date. |
| (7) | One-third of the shares subject to the option vested on January 16, 2026, and one-third of the shares subject to the option vest each year thereafter on the same date, subject to the reporting person's continuing employment with the Issuer on each such vesting date. |