04/24/2026 | Press release | Distributed by Public on 04/24/2026 16:17
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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 | ||||
| Restricted Stock Units | (1) | (1) | Class A Common Stock | 69,375 | (1) | D | |
| Stock Options | (2) | 06/06/2034 | Class A Common Stock | 243,579 | $10.23 | D | |
| Restricted Stock Units | (3) | (3) | Class A Common Stock | 33,751 | (3) | D | |
| Performance Restricted Stock Units | (4) | (4) | Class A Common Stock | 13,380 | (4) | D | |
| Restricted Stock Units | (5) | (5) | Class A Common Stock | 164,063 | (5) | D | |
| Performance Restricted Stock Units | (6) | (6) | Class A Common Stock | 52,570 | (6) | D | |
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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MacDonald Chad C/O AIRJOULE TECHNOLOGIES CORPORATION 34361 INNOVATION DRIVE RONAN, MT 59864 |
Chief Legal Officer | |||
| Chad W. MacDonald | 04/24/2026 | |
| **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) | The restricted stock units vest in three equal annual installments beginning on June 6, 2026. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. |
| (2) | The stock option is vested with respect to 106,565 shares and will vest with respect to the remaining shares in substantially similar quarterly installments through June 6, 2028. |
| (3) | The restricted stock units vest in two substantially equal annual installments beginning on March 1, 2027. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. |
| (4) | The performance restricted stock units are eligible to cliff vest following the conclusion of the three-year performance period ending December 31, 2027. Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock based on the Issuer's average closing stock price over the final 120 trading days of the performance period achieving certain price thresholds. The amount reported herein represents the target amount under the award. |
| (5) | The restricted stock units vest in three equal annual installments beginning on March 1, 2027. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. |
| (6) | The performance restricted stock units are eligible to cliff vest following the conclusion of a performance period ending December 31, 2028, based on the Issuer's absolute annualized total shareholder return over the performance period achieving certain thresholds. Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock. The amount reported herein represents the target amount under the award. |
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Remarks: Exhibit 24 - Power of Attorney |
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