BONEPARTH PETER 4

What Happened

• Peter Boneparth, a JetBlue director, had derivative activity on 2026-03-10: he exercised/converted 22,094 derivative interests into common shares and those 22,094 shares were also disposed the same day. In addition, he was granted 29,867 director restricted stock units (RSUs) on the same date.
• Reported prices are listed as N/A in the filing (the exercise/conversion and the RSU grant show no per-share price or cash value in the Form 4). The filing does not state a dollar value for the transactions.

Key Details

• Transaction date: 2026-03-10; Form 4 filed 2026-03-12 (within the typical two-business-day filing window; no late filing indicated).
• Actions reported: M (exercise/conversion) — 22,094 shares acquired and 22,094 shares disposed on 3/10/2026; A (award/grant) — 29,867 RSUs granted on 3/10/2026.
• Shares owned after the transaction: not disclosed in the provided filing details.
• Footnotes from the filing:
  • F1: Each RSU converts to one share of common stock upon vesting.
  • F2: RSUs granted on 3/10/2026 vest one year after that grant date (3/10/2027).
  • F3: RSUs tied to the 3/10/2025 grant vest on the one-year anniversary (3/10/2026).
• The same-day acquisition and disposition of 22,094 shares means the shares were not held long term; filings like this often reflect a cashless exercise, immediate sale to cover taxes, or a planned disposition, but the Form 4 itself does not state the reason.

Context

• For retail investors: the award of 29,867 RSUs is a compensation grant that will convert to shares if and when they vest (per footnotes). The exercised/converted-and-disposed activity is a routine insider action and does not by itself indicate a change in the director’s long‑term view of the company.
• Derivative transactions here involve conversion/exercise of rights into common stock (M) and a grant of RSUs (A); RSUs deliver actual shares only when they vest and convert 1:1 as noted.