Summary by Moomoo AI
On October 25, 2024, Michael Patrick Prachar, Chief Operating Officer of Volato Group, reported an indirect acquisition of 8,813 shares of Common Stock. The shares were acquired through the exercise or conversion of derivative securities at a price of $0.14 per share.The transaction was executed indirectly, with the shares being held by Prachar's spouse. Following this acquisition, Prachar's indirect beneficial ownership increased to 8,813 shares. Additionally, Prachar directly owns 15,271 shares of Common Stock.This transaction appears to be part of an employee stock option or similar equity-based compensation plan, given the low purchase price and the nature of the acquisition (exercise or conversion of derivative security).
