George Murnane - Jul 25, 2024 Form 4 Insider Report for Jet.AI Inc. (JTAI)

Role: Interim CFO, Director, 10%+ Owner
Signature: /s/ George Murnane
Stock symbol: JTAI
Transactions as of: Jul 25, 2024
Transactions value $: $0
Form type: 4
Date filed: 8/20/2024, 04:05 PM
Previous filing: Sep 28, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	JTAI	Common Stock, par value $0.0001	Purchase		+7	+0%		996K	Jul 25, 2024	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	JTAI	Merger Consideration Warrant (Right to Buy)	Sale		-6	-100%		0	Jul 25, 2024	Common Stock, par value $0.0001 per share			Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reporting person disposed of six Merger Consideration Warrants (each, a "Warrant") of Jet.AI Inc.(the "Issuer") in exchange for seven shares of the Issuer's common stock, par value $0.0001 per share (or 1.0133 shares of common stock per Warrant, rounded up to the nearest whole share), pursuant to the terms of the Issuer's exchange offer.