Huang Victor 4
4 · Airship AI Holdings, Inc. · Filed Mar 23, 2026
Research Summary
AI-generated summary of this filing
Airship AI (AISP) 10% Owner Victor Huang Buys 40,000 Shares
What Happened Victor Huang, a 10% owner of Airship AI Holdings, Inc. (AISP), made an open-market purchase of 40,000 shares on March 20, 2026 at $2.24 per share, for a total cash outlay of approximately $89,688. This was a straight purchase (transaction code P), not an option exercise or award.
Key Details
- Transaction date and price: 2026-03-20 — 40,000 shares at $2.24 each.
- Total value: ~$89,688.
- Filing: Form 4 filed with the SEC on 2026-03-23 reporting the March 20 transaction (appears to be filed within the normal two-business-day window).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Relevant footnotes: Reporting person previously received various securities (common shares, options, SARs, warrants, earnout rights) in connection with the Dec 21, 2023 merger (see F1–F5). Options vesting schedule and warrant terms are described in F6–F7.
Context This was a cash purchase by a significant (10%) shareholder rather than a routine sale or an option exercise. Purchases by insiders can be interpreted as a positive signal, though this single transaction (~$90k) should be weighed with other insider activity and company fundamentals. The other footnotes indicate much of the reporting person's prior holdings arose from the company’s Dec 21, 2023 merger.
Insider Transaction Report
Form 4
Huang Victor
DirectorCEO and Chairman of the BOD10% Owner
Transactions
- Purchase
Common Stock
[F1]2026-03-20$2.24/sh+40,000$89,688→ 4,012,567 total
Holdings
- 1,749,335
Options
[F2]Exercise: $0.12From: 2023-12-21Exp: 2032-01-15→ Common Stock (1,749,335 underlying) - 1,758,105
Stock Appreciation Rights
[F3]Exercise: $0.12From: 2023-12-21Exp: 2032-02-16→ Common Stock (1,758,105 underlying) - 1,344,951
Warrants
[F4]Exercise: $1.77From: 2023-12-21Exp: 2027-05-08→ Common Stock (1,344,951 underlying) - 1,750,094
Earnout Rights
[F5]→ Common Stock (1,750,094 underlying) - 100,000
Options
[F6]Exercise: $2.86Exp: 2034-08-16→ Common Stock (100,000 underlying) - 220,000
Warrant
Exercise: $2.36From: 2024-09-27Exp: 2029-09-27→ Common Stock (220,000 underlying) - 50,000
Options
[F6]Exercise: $4.25Exp: 2035-09-03→ Common Stock (50,000 underlying) - 126,125
Public Warrant (AISPW shares)
[F7]Exercise: $4.50Exp: 2028-12-21→ Common Stock (126,125 underlying)
Footnotes (7)
- [F1]Includes shares of common stock of the Issuer received on December 21, 2023, as consideration pursuant to that certain Merger Agreement, dated as of June 27, 2023 (as amended on September 22, 2023 and as may be further amended and/or restated from time to time, the "Merger Agreement"), by and among Airship AI Holdings, Inc., a Delaware corporation (the "Issuer") (formerly known as BYTE Acquisition Corp., a Cayman Island exempted company limited by shares, prior to its domestication as a Delaware corporation), BYTE Merger Sub, Inc., a Washington corporation and a direct, wholly-owned subsidiary of the Issuer, and Airship AI, Inc., a Washington company (formerly known as Airship AI Holdings, Inc., "Airship AI"). The Reporting Person received the reported shares in exchange for shares of common stock of Airship AI at the Conversion Ratio, as defined in the Merger Agreement, as of the Effective Time of the Merger.
- [F2]Represents options to purchase shares of common stock of the Issuer received on December 21, 2023, pursuant to the Merger Agreement, upon the conversion of options to purchase shares of common stock of Airship AI at the Conversion Ratio, as defined in the Merger Agreement, as of the Effective Time of the Merger.
- [F3]Represents stock appreciation rights denominated in shares of common stock of the Issuer received on December 21, 2023, pursuant to the Merger Agreement, upon the conversion of stock appreciation rights denominated in shares of common stock of Airship AI at the Conversion Ratio, as defined in the Merger Agreement, as of the Effective Time of the Merger.
- [F4]Represents warrants to purchase shares of common stock of the Issuer received by the Reporting Person on December 21, 2023, pursuant to the Merger Agreement, upon the conversion of warrants to purchase shares of common stock of Airship AI at the Conversion Ratio, as defined in the Merger Agreement, as of the Effective Time of the Merger.
- [F5]Pursuant to earnout provisions in the Merger Agreement, the holder of such Earnout Rights is entitled to receive shares of common stock of the Issuer upon the occurrence of certain operating performance and share price performance milestones during the applicable earnout periods set forth in the Merger Agreement.
- [F6]Options vest quarterly over 4 years.
- [F7]Public Warrant (AISPW shares) Exercise Price subject to adjustment and expire five years after the closing of the merger on December 21, 2023, or earlier upon redemption or liquidation. AISPW shares have various dates exercisable based on various purchase dates.
Signature
By: /s/ Victor Huang|2026-03-20