Global Crossing Airlines (JETMF) Form 5 Global Crossing Airlines / Joseph Jr. DaGrosa ownership change

SEC Form 5

FORM 5

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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X

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Form 3 Holdings Reported.

Form 4 Transactions Reported.

1. Name and Address of Reporting Person^*

DaGrosa Joseph Jr.

(Last) (First) (Middle)

4200 NW 36TH STREET, BLDG. 5A, 4TH FLOOR

(Street)

MIAMI FL 33166

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Global Crossing Airlines Group Inc. [ JETMF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
Former 10% Owner

3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2023

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)	4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
				Amount	(A) or (D)	Price
Common Stock	07/10/2023		S	2,500	D	$1.3	2,615,147(1)	D
Common Stock	07/14/2023		S	8,200	D	$1.29(2)	2,606,947	D
Common Stock	09/13/2023		S	3,000	D	$1.08(3)	2,603,947	D
Common Stock	09/19/2023		S	5,200	D	$1.07(4)	2,598,747	D
Common Stock	09/20/2023		S	11,000	D	$1.04(5)	2,587,747	D
Common Stock	09/21/2023		S	10,300	D	$1.02(6)	2,577,447	D
Common Stock	09/28/2023		S	13,000	D	$1(7)	2,564,447	D
Common Stock	09/29/2023		S	1,000	D	$1.1	2,563,447	D
Common Stock	10/02/2023		S	6,400	D	$1.11(8)	2,557,047	D
Common Stock	10/03/2023		S	7,100	D	$1.07(9)	2,549,947	D
Common Stock	10/04/2023		S	15,500	D	$1.05(10)	2,534,447	D
Common Stock	10/05/2023		S	6,200	D	$1.07(11)	2,528,247	D
Common Stock	10/06/2023		S	59,000	D	$1.01(12)	2,469,247	D
Common Stock	10/10/2023		S	21,500	D	$0.96(13)	2,447,747	D
Common Stock	10/11/2023		S	28,000	D	$0.98(14)	2,419,747	D
Common Stock	10/12/2023		S	1,500	D	$0.96(15)	2,418,247	D
Common Stock	10/13/2023		S	13,400	D	$0.97(16)	2,404,847	D
Common Stock	10/16/2023		S	14,000	D	$0.92(17)	2,390,847	D
Common Stock	10/24/2023		S	15,000	D	$0.94(18)	2,375,847	D
Common Stock	11/06/2023		S	1,000	D	$0.97	2,374,847	D
Common Stock	12/08/2023		S	86,000	D	$0.87(19)	2,288,847	D
Common Stock	12/11/2023		S	6,500	D	$0.84	2,282,347	D
Common Stock	12/12/2023		S	9,500	D	$0.85(20)	2,272,847	D
Common Stock	12/13/2023		S	1,000	D	$0.86	2,271,847	D
Common Stock	12/14/2023		S	500	D	$0.84	2,271,347	D
Common Stock	12/15/2023		S	1,000	D	$0.85	2,270,347	D
Common Stock	12/17/2023		S	1,500,000	D	$0.45	770,347	D
Common Stock	12/18/2023		S	5,500	D	$0.81(21)	764,847	D
Common Stock	12/21/2023		S	9,000	D	$0.82(22)	755,847	D
Common Stock	12/28/2023		S	61,500	D	$0.81(23)	694,347	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)	5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
					(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Warrants to purchase Common Stock	$1						06/23/2020	06/23/2022	Common Stock	294,805		294,805	I	By Joba Irrevocable Trust(24)
Warrants to purchase Common Stock	$0.25						06/23/2020	06/23/2022	Common Stock	33,333		33,333	I	By Joba Irrevocable Trust(24)

Explanation of Responses:

1. Includes 33,333 shares directly held by Mr. DaGrosa that were not previously reported on Form 4 filed on April 25, 2023.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $1.28 and $1.31, inclusive. The Reporting Person undertakes to provide to Global Crossing Airlines Group Inc. ("Global Crossing"), any security holder of Global Crossing, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 5.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $1.07 and $1.08, inclusive. The Reporting Person undertakes to provide to Global Crossing, any security holder of Global Crossing, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 5.

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $1.07 and $1.08, inclusive. The Reporting Person undertakes to provide to Global Crossing, any security holder of Global Crossing, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 5.

5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $1.04 and $1.05, inclusive. The Reporting Person undertakes to provide to Global Crossing, any security holder of Global Crossing, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 5.

6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $1.02 and $1.04, inclusive. The Reporting Person undertakes to provide to Global Crossing, any security holder of Global Crossing, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 5.

7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $0.99 and $1.01, inclusive. The Reporting Person undertakes to provide to Global Crossing, any security holder of Global Crossing, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 5.

8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $1.10 and $1.15, inclusive. The Reporting Person undertakes to provide to Global Crossing, any security holder of Global Crossing, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 5.

9. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $1.05 and $1.10, inclusive. The Reporting Person undertakes to provide to Global Crossing, any security holder of Global Crossing, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 5.

10. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $1.02 and $1.10, inclusive. The Reporting Person undertakes to provide to Global Crossing, any security holder of Global Crossing, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 5.

11. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $1.06 and $1.07, inclusive. The Reporting Person undertakes to provide to Global Crossing, any security holder of Global Crossing, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 5.

12. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $1.00 and $1.07, inclusive. The Reporting Person undertakes to provide to Global Crossing, any security holder of Global Crossing, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 5.

13. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $0.95 and $1.00, inclusive. The Reporting Person undertakes to provide to Global Crossing, any security holder of Global Crossing, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 5.

14. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $0.97 and $1.00, inclusive. The Reporting Person undertakes to provide to Global Crossing, any security holder of Global Crossing, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 5.

15. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $0.95 and $0.97, inclusive. The Reporting Person undertakes to provide to Global Crossing, any security holder of Global Crossing, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 5.

16. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $0.95 and $1.00, inclusive. The Reporting Person undertakes to provide to Global Crossing, any security holder of Global Crossing, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 5.

17. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $0.92 and $0.93, inclusive. The Reporting Person undertakes to provide to Global Crossing, any security holder of Global Crossing, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 5.

18. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $0.94 and $0.95, inclusive. The Reporting Person undertakes to provide to Global Crossing, any security holder of Global Crossing, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 5.

19. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $0.85 and $0.90, inclusive. The Reporting Person undertakes to provide to Global Crossing, any security holder of Global Crossing, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 5.

20. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $0.84 and $0.85, inclusive. The Reporting Person undertakes to provide to Global Crossing, any security holder of Global Crossing, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 5.

21. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $0.80 and $0.83, inclusive. The Reporting Person undertakes to provide to Global Crossing, any security holder of Global Crossing, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 5.

22. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $0.81 and $0.82, inclusive. The Reporting Person undertakes to provide to Global Crossing, any security holder of Global Crossing, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 5.

23. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $0.80 and $0.81, inclusive. The Reporting Person undertakes to provide to Global Crossing, any security holder of Global Crossing, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 5.

24. The Reporting Person is the trustee of Joba Irrevocable Trust (the "Trust"). The Reporting Person has sole voting and dispositive control over the Common Stock and the Warrants held by the Trust.

	/s/ Joseph DaGrosa, Jr.	02/15/2024
	** Signature of Reporting Person	Date
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