0001060584-23-000003.txt : 20230823 0001060584-23-000003.hdr.sgml : 20230823 20230823102422 ACCESSION NUMBER: 0001060584-23-000003 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230810 FILED AS OF DATE: 20230823 DATE AS OF CHANGE: 20230823 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: MURNANE GEORGE III CENTRAL INDEX KEY: 0001060584 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40725 FILM NUMBER: 231195634 MAIL ADDRESS: STREET 1: 1945 AIRPORT ROAD SUIRE 200 CITY: ATLANTA STATE: GA ZIP: 30341 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Jet.AI Inc. CENTRAL INDEX KEY: 0001861622 STANDARD INDUSTRIAL CLASSIFICATION: AIR TRANSPORTATION, NONSCHEDULED [4522] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: SUITE 201, 42 EDWARD STREET CITY: GEORGE TOWN, GRAND CAYMAN STATE: E9 ZIP: KY1-9006 BUSINESS PHONE: 1-345-749-7570 MAIL ADDRESS: STREET 1: SUITE 201, 42 EDWARD STREET CITY: GEORGE TOWN, GRAND CAYMAN STATE: E9 ZIP: KY1-9006 FORMER COMPANY: FORMER CONFORMED NAME: Oxbridge Acquisition Corp. DATE OF NAME CHANGE: 20210511 4 1 primary_doc.xml PRIMARY DOCUMENT X0508 4 2023-08-10 0 0001861622 Jet.AI Inc. JTAI 0001060584 MURNANE GEORGE III 10845 GRIFFITH PEAK DRIVE SUITE 200 LAS VEGAS NV 89135 1 1 1 0 INTERIM CFO 0 COMMON STOCK, PAR VALUE $0.0001 PER SHARE 2023-08-10 4 A 0 4 A 4 D STOCK OPTION (RIGHT TO BUY) 0.83 2023-08-10 4 A 0 194400 A 2023-08-10 2029-09-23 COMMON STOCK, PAR VALUE $0.0001 PER SHARE 194400 194400 D STOCK OPTION (RIGHT TO BUY) 0.83 2023-08-10 4 A 0 194400 A 2023-08-10 2029-09-23 COMMON STOCK, PAR VALUE $0.0001 PER SHARE 194400 194400 D STOCK OPTION (RIGHT TO BUY) 4.17 2023-08-10 4 A 0 388800 A 2030-12-31 COMMON STOCK, PAR VALUE $0.0001 PER SHARE 388800 388800 D STOCK OPTION (RIGHT TO BUY) 10.42 2023-08-10 4 A 0 371343 A 2031-07-30 COMMON STOCK, PAR VALUE $0.0001 PER SHARE 371343 371343 D STOCK OPTION (RIGHT TO BUY) 10.42 2023-08-10 4 A 0 30945 A 2032-03-16 COMMON STOCK, PAR VALUE $0.0001 PER SHARE 30945 30945 D MERGER CONSIDERATION WARRANT (RIGHT TO BUY) 15 2023-08-10 4 A 0 6 A 2023-08-10 2033-08-10 COMMON STOCK, PAR VALUE $0.0001 PER SHARE 6 6 D Received in connection with Oxbridge Acquisition Corp.'s business combination transaction with Jet Token Inc. in accordance with the terms of the Business Combination Agreement and Plan of Reorganization, dated February 24, 2023, as amended by Amendment No. 1 to the Business Combination Agreement, dated May 11, 2023, by and among Oxbridge Acquisition Corp., OXAC Merger Sub I, Inc., Summerlin Aviation LLC, and Jet Token Inc. 356,400 shares were vested as of August 10, 2023, and the remaining shares will vest in as nearly equal as possible monthly installments on the last day of each month, subject to the Reporting Person's continued service. 268,192 shares were vested as of August 10, 2023, and the remaining shares will vest in as nearly equal as possible monthly installments on the thirtieth day of each month, subject to the Reporting Person's continued service. 15,473 shares were vested as of August 10, 2023, and the remaining shares will vest in as nearly equal as possible monthly installments on the sixteenth day of each month, subject to the Reporting Person's continued service. /S/ GEORGE MURNANE 2023-08-23