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