# EDGAR Filing Document

**Accession Number:** 0001861622
**File Stem:** 0001493152-25-029413
**Filing Date:** 2025-12
**Character Count:** 15620
**Document Hash:** 4330bc09e130695878c9384d26c4bf66
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-25-029413.hdr.sgml**: 20251229

**ACCESSION NUMBER**: 0001493152-25-029413

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20251219

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Submission of Matters to a Vote of Security Holders

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251229

**DATE AS OF CHANGE**: 20251229

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Jet.AI Inc.
- **CENTRAL INDEX KEY:** 0001861622
- **STANDARD INDUSTRIAL CLASSIFICATION:** AIR TRANSPORTATION, NONSCHEDULED [4522]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40725
- **FILM NUMBER:** 251609939

**BUSINESS ADDRESS:**
- **STREET 1:** 10845 GRIFFITH PEAK DR.,
- **STREET 2:** SUITE 200
- **CITY:** LAS VEGAS
- **STATE:** NV
- **ZIP:** 89135
- **BUSINESS PHONE:** 702-747-4000

**MAIL ADDRESS:**
- **STREET 1:** 10845 GRIFFITH PEAK DR.,
- **STREET 2:** SUITE 200
- **CITY:** LAS VEGAS
- **STATE:** NV
- **ZIP:** 89135

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Oxbridge Acquisition Corp.
- **DATE OF NAME CHANGE:** 20210511

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15 (d) of The Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): **December 19, 2025**

**Jet.AI Inc.**

(Exact Name of Registrant as Specified in its Charter)

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-40725** | **93-2971741** |
| (State or other jurisdiction | (Commission | (I.R.S. Employer |
| of incorporation or organization) | File Number) | Identification No.) |

---

**10845 Griffith Peak Dr.**

**Suite 200**

**Las Vegas, NV 89135**

(Address of principal executive offices)

(Registrant's telephone number, including area code) **(702) 747-4000**

**None**

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR 240.13e-4 (c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class:** | **Trading Symbol** | **Name of each exchange on which registered:** |
| Common Stock, par value $0.0001 per share | JTAI | The Nasdaq Stock Market LLC |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 5.02(e) Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**

On December 19, 2025, Jet.AI Inc. (the "*Company*") held its 2025 Annual Meeting of Stockholders (the "*Annual Meeting*"). As discussed in Item 5.07 of this Current Report on Form 8-K (this "*Form 8-K*"), the Company's stockholders voted at the Annual Meeting to approve an amendment to the Amended and Restated 2023 Jet.AI Inc. Omnibus Incentive Plan (the "*Incentive Plan*") to increase the number of shares of the Company's common stock, par value $0.0001 per share (the "*Common Stock*"), reserved for issuance with respect to awards granted under the Incentive Plan from 10,933 shares of Common Stock to 775,000 shares of Common Stock *plus* an amount of shares of Common Stock that will account for all shares of Common Stock issuable in connection with the vesting of certain performance share unit awards that we granted to our executive management team (the "*Incentive Plan Amendment*").

The Company's board of directors (the "*Board*") voted to approve the Incentive Plan Amendment on November 6, 2025. Having obtained the requisite stockholder approval for the Incentive Plan Amendment at the Annual Meeting, the Incentive Plan Amendment became effective on December 19, 2025. For a summary of the material terms of the Incentive Plan and the purpose and effect of the Incentive Plan Amendment, see "Proposal No. 3" in the Company's Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission (the "*SEC*") on November 25, 2025 (the "*Proxy Statement*").

The foregoing summary does not purport to be complete and is qualified in its entirety by reference to the full text of the Incentive Plan Amendment, a copy of which is filed as Exhibit 10.1 hereto and is incorporated herein by reference.

**Item 5.07 Submission of Matters to a Vote of Security Holders.**

The Company held the Annual Meeting virtually via live audio webcast on December 19, 2025.

The Company's stockholders voted on seven proposals at the Annual Meeting, each of which is listed below and described in more detail in the Proxy Statement. With respect to each proposal and as of the close of business on the record date of November 7, 2025, (i) holders of the Company's Common Stock were entitled to cast one vote per share of Common Stock, and (ii) holders of the Company's Series B Convertible Preferred Stock (the "*Preferred Stock*") were entitled to cast one vote per share of Common Stock underlying the shares of Preferred Stock, subject to a cap on the aggregate underlying shares of Common Stock equal to 9.99% of the shares of Common Stock outstanding after giving effect to the full conversion of the Preferred Stock. Holders of Common Stock and Preferred Stock representing 2,047,710 votes were represented in person or by proxy at the Annual Meeting, which represented 47.41% of the voting power of the 4,319,588 shares of Common Stock and Preferred Stock entitled to vote at the Annual Meeting and constituted a quorum for the transaction of business.

At the Annual Meeting, the Company's stockholders voted on the following proposals:

&nbsp;&nbsp;&nbsp;&nbsp;1. To elect two Class II directors
 to serve on the Board until the 2028 annual meeting of stockholders and until their successors are duly elected and qualified;

2. To ratify the appointment
 of Hacker Johnson & Smith PA as the Company's independent registered public accounting firm for the fiscal year ending
 December 31, 2025;

&nbsp;&nbsp;&nbsp;&nbsp;3. To
 approve the Incentive Plan Amendment;

&nbsp;&nbsp;&nbsp;&nbsp;4. To
 approve the potential issuance of shares of the Company's Common Stock underlying the warrant issued in the Hexstone Transaction
 described in the Proxy Statement accompanying this notice that, upon issuance could result in the issuance of shares of the Company's
 Common Stock in an amount in excess of 20% of our outstanding shares of Common Stock at a price less than the "Minimum Price"
 as defined by, and in accordance with, Nasdaq Listing Rule 5635(d) (the "*Hexstone Issuance* ");

5. To approve the Charter
 Amendment;

6. To consider and vote on
 a proposal to grant the Board the discretion to amend the Charter to effect a reverse stock split at a ratio not less than one-for-two
 and not greater than one-for-two hundred fifty, with the exact ratio to be set within that range at the discretion of the Board without
 further approval or authorization of the Company's stockholders (the "*Reverse Split* "); and

7. To approve to adjourn the
 Annual Meeting to a later date or dates, if necessary, to permit further solicitation and vote of proxies if there are insufficient
 votes for, or otherwise in connection with, the approval of any of the proposals.

The final results of voting on each of the proposals presented at the Annual Meeting, as certified by the Company's independent inspector of election, are set forth below.

***Proposal No. 1: Election of Directors*.**

The stockholders elected each of the two director nominees to serve on the Board until the 2028 Annual Meeting of Stockholders and until such director's successor has been duly elected and qualified. The results of the vote taken were as follows:

---

| | | | |
|:---|:---|:---|:---|
| **Nominee** | **Votes For** | **Votes Against** | **Broker Non-Votes** |
| Wrendon Timothy | 683160 | 21580 | 1342970 |
| William Yankus | 679288 | 25452 | 1342970 |

---

 ****

***Proposal No. 2: Ratification of Appointment of Independent Registered Public Accounting Firm***

The stockholders ratified the appointment by the Board's Audit Committee of Hacker Johnson & Smith PA as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2025. The results of the vote taken were as follows:

---

| | | |
|:---|:---|:---|
| **Votes For** | **Votes Against** | **Abstentions** |
| 2003455 | 32353 | 11902 |

---

 ****

***Proposal No. 3: The Incentive Plan Amendment***

The stockholders approved the Incentive Plan Amendment, which became effective on December 19, 2025, as discussed in Item 5.02(e) of this Form 8-K. The results of the vote taken were as follows:

---

| | | | |
|:---|:---|:---|:---|
| **Votes For** | **Votes Against** | **Abstentions** | **Broker Non-Votes** |
| 633378 | 54936 | 16426 | 1342970 |

---

***Proposal No. 4: The Hexstone Issuance***

The stockholders approved the proposed Hexstone Issuance. The results of the vote taken were as follows:

---

| | | | |
|:---|:---|:---|:---|
| **Votes For** | **Votes Against** | **Abstentions** | **Broker Non-Votes** |
| 656689 | 47365 | 686 | 1342970 |

---

***Proposal No. 5: The Charter Amendment***

The stockholders approved the proposed Charter Amendment, which will become effective at such time as the Company files the Charter Amendment with the Delaware Secretary of State. The results of the vote taken were as follows:

---

| | | |
|:---|:---|:---|
| **Votes For** | **Votes Against** | **Abstentions** |
| 1790563 | 229945 | 27202 |

---

 ****

***Proposal No. 6: The Reverse Split***

The stockholders approved the proposed Reverse Split. The results of the vote taken were as follows:

---

| | | |
|:---|:---|:---|
| **Votes For** | **Votes Against** | **Abstentions** |
| 1833678 | 209514 | 4518 |

---

***Proposal No. 7: The Adjournment Proposal***

The stockholders approved the potential adjournment of the Annual Meeting to a later date or dates, if necessary, to permit further solicitation and vote of proxies if there are insufficient votes for, or otherwise in connection with, the approval of any of the proposals. However, such adjournment was unnecessary as the stockholders voted to approve all other proposals presented at the Annual Meeting. The results of the vote taken were as follows:

---

| | | |
|:---|:---|:---|
| **Votes For** | **Votes Against** | **Abstentions** |
| 1824373 | 173727 | 49610 |

---

---

| | |
|:---|:---|
| **Item 9.01.** | **Financial Statements and Exhibits.** |

---

(d) Exhibits.

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 10.1 | [First Amendment to Amended and Restated 2023 Jet.AI Inc. Omnibus Incentive Plan.](ex10-1.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | |
|:---|:---|
| **JET.AI INC.** | **JET.AI INC.** |
| By: | */s/ George Murnane* |
|  | George Murnane |
|  | Interim Chief Financial Officer |

---

December 29, 2025

## Exhibit 10.1

**Exhibit 10.1**

**FIRST AMENDMENT TO**

**2023 JET.AI INC.**

**AMENDED AND RESTATED OMNIBUS INCENTIVE PLAN**

This First Amendment (this "<u>Amendment</u>") to the 2023 Jet.AI Inc. Amended and Restated Omnibus Incentive Plan (the "<u>Plan</u>") is made effective as of December 19, 2025 (the "<u>Amendment Effective Date</u>") was adopted by the Board of Directors of Jet.AI Inc. (the "<u>Company</u>") on November 6, 2025, and approved by a majority of the Company's stockholders on December 19, 2025.

W I T N E S S E T H

WHEREAS, the Company established the Plan, originally effective as of July 1, 2024, and approved by the Company's stockholders on September 24, 2024, under which the Company is authorized to grant stock and incentive awards to certain employees and directors of the Company;

WHEREAS, Section 19 of the Plan provides that the Company's board of directors (the "<u>Board</u>") may amend the Plan from time to time, subject to the limitations contained therein; and

WHEREAS, the Board now desires to amend the Plan in the manner contemplated hereby and in accordance with the provisions of the Plan relating to stockholder approval of certain amendments, to increase the number of shares of the Company's common stock available for award grants under the Plan by 775,000 shares *plus* an amount of shares that will account for all shares issuable in connection with the vesting of certain performance share unit awards the Company previously granted to its executive management team.

NOW, THEREFORE, the Plan shall be amended as of the Amendment Effective Date and as set forth below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Section 4.1 of the Plan is hereby deleted and replaced in its entirety with the following:

"4.1 <u>Maximum Number of Shares Available</u>. Subject to adjustment as provided in Section 4.4 of this Plan, the maximum number of shares of Common Stock that will be available for issuance under this Plan shall not exceed 775,000 shares *plus* an amount of shares that will account for all shares issuable in connection with the vesting of certain performance share unit awards the Company previously granted to its executive management team."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Section 4.2(a) of the Plan is hereby deleted and replaced in its entirety with the following:

"(a) the maximum aggregate number of shares of Common Stock that will be available for issuance pursuant to Incentive Stock Options under this Plan may not exceed 775,000 shares; and"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Except as set forth above, the Plan shall continue to read in its current state.

**IN WITNESS WHEREOF**, the Company has caused the execution of this First Amendment by its duly authorized officer, effective as of the Amendment Effective Date.

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| | |
|:---|:---|
| Jet.AI Inc. | Jet.AI Inc. |
| By: | */s/ George Murnane* |
|  | George Murnane, Interim Chief Financial Officer |

---