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Filing Details

Accession Number:: 0000950170-24-027446
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-03-06 18:51:04
Reporting Period:: 2024-03-04

Accepted Time:: 2024-03-06 18:51:04
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1843973	Flyexclusive Inc.	FLYX	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1591141	Gregg Hymowitz	375 Park Avenue, 24Th Floor New York NY 10152		No	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Series A Non-Convertible Redeemable Preferred Stock	Acquisiton	2024-03-04	25,000	$1,000.00	25,000	No	4	P	Indirect	See Footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	See Footnote

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock, ("Common Stock")	Warrant (Right to Buy)	Acquisiton	2024-03-04	1	$0.00	0	$0.01

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
1	2026-03-04	2029-03-04	No	4	P	Indirect

Footnotes

On March 4, 2024, EnTrust Emerald (Cayman) LP purchased 25,000 shares of Series A Non-Convertible Redeemed Preferred Stock, par value $0,0001 per share, together with a warrant to purchase a number of a shares of Common Stock equal to 1.5% of the Company's outstanding shares of Common Stock on a fully diluted basis as of the trading day prior to the delivery of the exercise notice (subject to the cap and other limitations discussed in Note 3, below), for a total purchase price of $25,000,000.
Held by EnTrust Emerald (Cayman) LP. Gregg Hymowitz serves as the Founder and Chief Executive Officer of EnTrust Global, an affiliate of which serves as the general partner of EnTrust Emerald (Cayman) LP, and may be deemed to be the beneficial owner of such shares held by EnTrust Emerald (Cayman) LP. Each such person disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest they may have therein, directly or indirectly.
The warrant may be exercised in whole or in part during the exercise period with respect to a number of a shares of Common Stock equal to 1.5% of the Company's outstanding shares of Common Stock on a fully diluted basis as of the trading day immediately prior to the date of delivery of a notice of exercise. The warrant is not exercisable until the second anniversary of its issuance at which time it may be exercised for up to one half of the shares. The warrant may be exercised for the remaining shares on and after the third anniversary of its issuance. The warrant may not be exercised for a number of shares having an aggregate value in excess of $11,250,000, calculated in accordance with the terms of the warrant.