Company: SRFM
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0000950170-25-043326
Chunk: 221

Company: SURF AIR MOBILITY INC.
Filing Date: 2025-03-21
Form: 10-K
Item: Item 1B
Chunk 221
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 timing and scope of audit activities, and monitoring such plan’s progress and results.

•Reviewing with management and the independent registered public accounting firm our annual and quarterly financial statements.

•Establishing procedures for employees to submit concerns anonymously about questionable accounting or auditing matters.

•Reviewing our guidelines and policies on risk assessment and risk management.

•Reviewing and approving related party transactions.

•Obtaining and reviewing a report by our independent registered public accounting firm at least annually that describes our independent registered public accounting firm’s internal quality control procedures, any material issues raised by review under such procedures, and any steps taken to deal with such issues.

•Approving (or, in its sole discretion, approving in advance) all audit and permitted non-audit engagements and relationships between us and our independent registered public accounting firm.

The Audit Committee may form subcommittees and delegate to its subcommittees such power and authority as it deems appropriate to the extent consistent with the Company’s charter and bylaws, applicable law, rules and regulations and the rules of NYSE. The Audit Committee has no current intention to delegate any of its responsibilities to a subcommittee.

Code of Ethics

We have adopted a written code of conduct and ethics that applies to each of our employees, officers and directors, including our principal executive officer, principal financial officer and principal accounting officer or controller, or persons performing similar functions. A current copy of the code is posted under “Governance” on our website at https://investors.surfair.com/. To the extent required by rules adopted by the SEC and the NYSE, we intend to promptly disclose future amendments to certain provisions of the code, or waivers of such provisions granted to executive officers and directors, on our website at https://investors.surfair.com/.

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Policies and Procedures Governing Insider Trading

Our Insider Trading Policy sets forth policies and procedures governing the purchase, sale, and other transactions in Company securities by directors, officers, and employees. These policies and procedures, as well as procedures that the Company follows, are reasonably designed to promote compliance with insider trading laws, rules, and regulations and applicable listing standards.

ITEM 11. EXECUTIVE COMPENSATION

Our named executive officers (“NEOs”), for 2024, are:

•Deanna White, our Chief Executive Officer, or CEO, and Chief Operating Officer;

•Oliver Reeves, our Chief Financial Officer;

•Stan Little, our former Chief Executive Officer and former member of our Board.

Summary Compensation Table

The following table sets forth for