---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-043439"
form_type: "8-K"
ticker: "SOAR"
cik: "0001853070"
company_name: "Volato Group, Inc."
filed_at: "2026-09-19T00:02:36+00:00"
generated_at: "2026-09-21T10:05:41.281294+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Volato enters CEO services agreement with Chris Ensey at $400K/yr + 5% equity grant

## Summary
- Ensey, former Aligned CEO, continues as CEO as independent contractor effective Sept 11, 2026.
- Annual services fee $400,000, payable monthly, subject to annual Board review.
- Restricted stock award equal to 5% of fully diluted shares, vesting in five 1% tranches tied to market cap milestones ($2.5B-$17B) and contracted capacity (~63MW-400MW).
- Termination without cause or for good reason triggers 24 months' fee and potential proportional vesting of restricted shares.
- Agreement effective conditioned on merger completion; he is not eligible for employee benefits.

## SEC filing metadata
- accession: 0001493152-26-043439
- form_type: 8-K
- ticker: SOAR
- cik: 0001853070
- company_name: Volato Group, Inc.
- filed_at: 2026-09-19T00:02:36+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1853070/000149315226043439/0001493152-26-043439-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1853070/000149315226043439/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-043439
- JSON: https://secwatch.observer/filing/0001493152-26-043439.json
- Plain text: https://secwatch.observer/filing/0001493152-26-043439.txt

## Key facts
- Executive change
  Christopher M. Ensey was appointed as Chief Executive Officer at Volato Group, Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: On September 16, 2026, Volato Group, Inc. (the “Company”) entered into an Executive Services Agreement (the “Services Agreement”) with Christopher M. Ensey, the Company’s Chief Executive Officer and a member of the Company’s Board of Directors (the “Board”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1853070/000149315226043439/0001493152-26-043439-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.