Jet.AI avoids 1.6M share dilution by blocking PSU vesting; grants 360K restricted shares

Jet.AI Inc.

Disinterested board members determined unvested PSUs would not accelerate upon change of control (merger closed July 13, 2026), avoiding issuance of ~1,621,321 shares.
All unvested PSUs remain unvested as of filing date; no dilution from those awards.
On July 15, 2026, compensation committee granted 360,000 restricted stock shares to officers and employees, vesting fully on one-year anniversary.
Restricted stock vests earlier upon change of control or termination due to death/disability; no transfer until vested.

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