03/25/2026 | Press release | Distributed by Public on 03/25/2026 11:43
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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN 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. | |||
| 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. | SEC 1474 (9-02) | ||
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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 Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Call Option (AIRS 17APR26 $2C) | $2 | 03/23/2026 | P | 2,255 | 03/23/2026 | 04/17/2026 | Common Stock | 225,500 | $1.3 | 6,547 | D | ||||
| Call Option (AIRS 17APR26 $2C)(2) | $2 | 03/23/2026 | S | 6,547 | 03/23/2026 | 04/17/2026 | Common Stock | 654,700 | $1.13(3) | 0 | D | ||||
| Call Option (AIRS 17APR26 $4C) | $4 | 03/23/2026 | P | 2,004 | 03/23/2026 | 04/17/2026 | Common Stock | 200,400 | $0.5(4) | 2,004 | D | ||||
| Call Option (AIRS 17APR26 $5C) | $5 | 03/23/2026 | P | 2,000 | 03/23/2026 | 04/17/2026 | Common Stock | 200,000 | $0.33(5) | 2,000 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Chernett Jorey 6222 INDIANWOOD TR. BLOOMFIELD HILLS, MI 48301 |
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| /s/ Jorey Chernett | 03/25/2026 | |
| **Signature of Reporting Person | Date |
| * | 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). |
| (1) | The price reported in Column 4 is a weighted average price, rounded to the nearest cent. These shares were purchased in multiple transactions at prices ranging from $2.84 to $2.91, rounded to the nearest cent, inclusive. Mr. Chernett undertakes to provide the Issuer and any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price such shares were purchased. |
| (2) | The sale of these call options is a matchable transaction subject to Section 16(b) of the Securities Exchange Act of 1934. The reporting person has calculated a short-swing profit in connection with such matchable transactions, which the reporting person intends to disgorge to the Issuer. |
| (3) | The price reported in Column 8 is a weighted average price, rounded to the nearest cent. These call options were sold in multiple transactions at prices ranging from $1.00 to $1.20, rounded to the nearest cent, inclusive. Mr. Chernett undertakes to provide the Issuer and any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of call options sold at each separate price such call options were purchased. |
| (4) | The price reported in Column 8 is a weighted average price, rounded to the nearest cent. These call options were purchased in multiple transactions at prices ranging from $0.45 to $0.55, rounded to the nearest cent, inclusive. Mr. Chernett undertakes to provide the Issuer and any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of call options purchased at each separate price such call options were purchased. |
| (5) | The price reported in Column 8 is a weighted average price, rounded to the nearest cent. These call options were purchased in multiple transactions at prices ranging from $0.30 to $0.35, rounded to the nearest cent, inclusive. Mr. Chernett undertakes to provide the Issuer and any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of call options purchased at each separate price such call options were purchased. |