0001161697-24-000181.txt : 20240402 0001161697-24-000181.hdr.sgml : 20240402 20240402174449 ACCESSION NUMBER: 0001161697-24-000181 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240328 FILED AS OF DATE: 20240402 DATE AS OF CHANGE: 20240402 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Allen Paul M. CENTRAL INDEX KEY: 0002004278 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40222 FILM NUMBER: 24815944 MAIL ADDRESS: STREET 1: C/O AIRSHIP AI HOLDINGS, INC. STREET 2: 8210 154TH AVE NE CITY: REDMOND STATE: WA ZIP: 98052 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Airship AI Holdings, Inc. CENTRAL INDEX KEY: 0001842566 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 03 Life Sciences IRS NUMBER: 934974766 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 8210 154TH AVE NE CITY: REDMOND STATE: WA ZIP: 98052 BUSINESS PHONE: (877) 462-4250 MAIL ADDRESS: STREET 1: 8210 154TH AVE NE CITY: REDMOND STATE: WA ZIP: 98052 FORMER COMPANY: FORMER CONFORMED NAME: BYTE Acquisition Corp. DATE OF NAME CHANGE: 20210128 FORMER COMPANY: FORMER CONFORMED NAME: Byte Acquisition Corp. DATE OF NAME CHANGE: 20210126 4 1 form_4.xml FORM 4 FOR 03-28-2024 X0508 4 2024-03-28 0 0001842566 Airship AI Holdings, Inc. AISP 0002004278 Allen Paul M. C/O AIRSHIP AI HOLDINGS, INC. 8210 154TH AVE NE REDMOND WA 98052 0 1 0 0 President 0 Options 0.57 2023-12-21 2032-01-15 Common Stock 935058 935058 D Earnout Rights Common Stock 207791 207791 D Options 6.59 2024-03-28 4 A 0 75000 0 A 2034-03-28 Common Stock 75000 75000 D Represents options to purchase shares of common stock of the Issuer received on December 21, 2023 (the "Converted Stock Options"), 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 options 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. Pursuant to earnout provisions in the Merger Agreement and subject to the Reporting Person's continued service to the Issuer and the vesting conditions applicable to the Converted Stock Options, 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. Options vest quarterly over 4 years. By: /s/ Paul Allen 2024-04-02