Company: SRFM
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0000950170-25-043326
Chunk: 369

Company: SURF AIR MOBILITY INC.
Filing Date: 2025-03-21
Form: 10-K
Item: Item 9A
Chunk 369
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    $
    -
     
    $
    -

    $
    324,084

    (3
    )
    $
    10,562
     
    $
    984,646

    Chief Executive Officer and Chief Operating Officer
     
    2023
     
    $
    579,723
     
    $
    545,834
     
    $
    -

    $
    -

    $
    39,223
     
    $
    1,164,780

    Oliver Reeves, Chief Financial Officer (started 1/1/2024)
     
    2024
     
    $
    650,000
     
    $
    -
     
    $
    66,001

    (2
    )
    $
    1,254,000

    (4
    )
    $
    27,015
     
    $
    1,997,016

    Stan Little,
     
    2024
     
    $
    718,750
     
    $
    -
     
    $
    -

    $
    -

    $
    -
     
    $
    718,750

    Former Chief Executive Officer
     
    2023
     
    $
    852,493
     
    $
    -
     
    $
    2,548,942

    $
    -

    $
    446,243
     
    $
    3,847,678

1.Amounts shown in these columns represent the aggregate grant date fair value (calculated in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 718) of stock awards and stock options granted during the year. A description of the methodologies and assumptions we use to value equity awards and the manner in which we recognize the related expense are described in Note 18 to our consolidated financial statements, Stock-Based Compensation. These amounts may not correspond to the actual value eventually realized by each NEO because the value depends on the market value of our common stock at the time the award vests or is exercised. 

2.Mr. Reeves was granted 7,143 fully vested RSUs on January 8, 2024.

3.Ms. White was granted stock option awards of 125,151 shares on April 3, 2024 that were contingent on stockholder approval of an increase in shares under our equity plan, which was received on June 25, 2024