Surf Air Mobility Chairman Carl Albert to Step Down, Become Chairman Emeritus and Advisor

SURF AIR MOBILITY INC.

Chairman Carl Albert notified the board on May 18, 2026, he will not seek re-election at the July 24, 2026 annual meeting.
Albert will transition to Chairman Emeritus and advisor under an Advisory Services Agreement effective July 24, 2026, for a one-year term.
Advisor will receive $110,000 annual cash retainer, $165,000 annual equity grants, and a one-time grant of 1,000,000 shares vesting in two tranches.
Board elected Shawn Pelsinger as successor Chairman, effective at the annual meeting, on nomination of Albert.

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