Surf Air Mobility CFO Sells Shares to Cover Taxes

Oliver Reeves sold 28,874 shares of the electric aviation company's stock for $37,824.94.

Apr. 18, 2026 at 1:12am

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An extreme close-up of gears, levers, and other heavy mechanical components that make up the internal workings of a financial institution, conveying the tangible, industrial nature of the company's operations.The complex financial infrastructure behind Surf Air Mobility's electric aviation operations is revealed in this industrial-style macro image.Hawthorne Today

Surf Air Mobility Inc. (NYSE:SRFM) Chief Financial Officer Oliver Reeves sold 28,874 shares of the company's stock on April 16th. The shares were sold at an average price of $1.31, resulting in a total transaction value of $37,824.94. The sale was made to cover tax withholding obligations related to the vesting of Reeves' equity awards.

Why it matters

This transaction represents a 9.07% decrease in Reeves' ownership stake in Surf Air Mobility. The sale comes as the company's stock price has declined significantly over the past year, dropping from a 52-week high of $9.91 to its current level around $1.37.

The details

Reeves now directly owns 289,564 shares of Surf Air Mobility, valued at approximately $379,328.84 based on the current stock price. The sale was disclosed in a filing with the Securities and Exchange Commission.

  • The share sale occurred on Thursday, April 16, 2026.

The players

Oliver Reeves

The Chief Financial Officer of Surf Air Mobility Inc.

Surf Air Mobility Inc.

An electric aviation and air travel company headquartered in Hawthorne, California.

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The takeaway

This transaction highlights the challenges facing Surf Air Mobility as it navigates the competitive electric aviation market. The CFO's sale of shares to cover tax obligations suggests the company may be facing financial pressures, which could impact its ability to execute on its growth plans.