0001628280-24-027727.txt : 20240611
0001628280-24-027727.hdr.sgml : 20240611
20240611184614
ACCESSION NUMBER: 0001628280-24-027727
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240607
FILED AS OF DATE: 20240611
DATE AS OF CHANGE: 20240611
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Liotta Matthew
CENTRAL INDEX KEY: 0002003587
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-41104
FILM NUMBER: 241037083
MAIL ADDRESS:
STREET 1: 1954 AIRPORT ROAD, SUITE 124
CITY: CHAMBLEE
STATE: GA
ZIP: 30341
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Volato Group, Inc.
CENTRAL INDEX KEY: 0001853070
STANDARD INDUSTRIAL CLASSIFICATION: AIR TRANSPORTATION, NONSCHEDULED [4522]
ORGANIZATION NAME: 01 Energy & Transportation
IRS NUMBER: 862707040
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1954 AIRPORT ROAD
STREET 2: SUITE 124
CITY: CHAMBLEE
STATE: GA
ZIP: 30341
BUSINESS PHONE: 844-399-8998
MAIL ADDRESS:
STREET 1: 1954 AIRPORT ROAD
STREET 2: SUITE 124
CITY: CHAMBLEE
STATE: GA
ZIP: 30341
FORMER COMPANY:
FORMER CONFORMED NAME: PROOF Acquisition Corp I
DATE OF NAME CHANGE: 20210324
4
1
wk-form4_1718145967.xml
FORM 4
X0508
4
2024-06-07
0
0001853070
Volato Group, Inc.
SOAR
0002003587
Liotta Matthew
C/O VOLATO GROUP, INC.
1954 AIRPORT ROAD, UNIT 124
CHAMBLEE
GA
30341
1
1
1
0
Chief Executive Officer
0
Common Stock
2024-06-07
4
A
0
370302
0
A
5167573
D
Common Stock
2024-06-07
4
A
0
191124
0
A
191124
I
Held by Spouse
Performance-Based Restricted Stock Unit
2024-06-07
4
A
0
183580
0
A
Common Stock
183580
183580
D
Employee Stock Option (right to buy)
0.75
2024-06-07
4
A
0
50000
0
A
2034-06-07
Common Stock
50000
138140
I
Held by Spouse
The shares represent Restricted Stock Units ("RSUs") granted on June 7, 2024. Each RSU represents a contingent right to receive one share of the Issuer's Common Stock. The RSU shall vest 25% of the shares subject to 12 months of continuous employment on the vesting commencement date and 1/48th shall vest subject to continuous employment thereafter.
Mr. Liotta beneficially owns (i) 9,000 shares of Common Stock held individually, (ii) 3,466,153 shares of Common Stock held by Argand Group LLC and (iii) 1,322,118 shares of Common Stock held by PDK Capital, LLC in which Mr. Liotta has sole voting power and shares dispositive power with Ms. Jennifer Liotta.
The shares represent RSU's granted on June 7, 2024. Each RSU represents a contingent right to receive one share of the Issuer's Common Stock. 1/48th of the Award shall vest when the executive completes each month of continuous service.
Each Performance-Based RSU represents a contingent right to receive one share of SOAR common stock. The performance rights vest upon SOAR's common stock achieving a specified price per share.
The stock option vests as to 25% of the shares subject to 12 months of continuous employment on the vesting commencement date and 1/48th shall vest subject to continuous employment thereafter.
/s/ Jennifer Liotta, by Power of Attorney
2024-06-11