SRFM CLUSTER SEC Filing Analysis

Latest settled — T+20d

SRFM ▼ -18.52% at T+20d

NEUTRAL call ✗ call lost -18.52% · α vs SPY -18.54% · entry $1.35 → $1.10

Next anchor: T+60d in 7w

Currently $1.08 · -20.00% from $1.35 entry

Entry anchored
May 7, 03:59 PM ET
via Databento tick

T+1d

0.00%

call 0.00% · α -0.23%

$1.35

settled 5w ago

T+5d

-7.41%

call -7.41% · α -8.87%

$1.25

settled 4w ago

T+20d

-18.52%

call -18.52% · α -18.54%

$1.10

settled 8d ago

T+60d

—

call — · α —

—

in 7w

Price Chart

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Executive Summary

CEO Deanna Leigh White and CFO Oliver Reeves sold a combined $175K in open-market shares on May 8, 2026, at ~$1.31 per share. The sales follow non-cash equity grants to both executives on May 7, representing routine post-award monetization. At 0.15% of SRFM's $120M market cap, the cluster is modest in size and does not signal material insider concern.

Key Financial Metrics

Direction

selling

Total Value

$175.4K

Insiders

2

Actionable Insight

The sales are small relative to market cap and follow equity grants, suggesting routine post-vesting diversification rather than a bearish signal. Monitor for any subsequent 8-K filings or earnings releases that could explain the timing, but no immediate action warranted.

Key Facts

CEO White sold 56,884 shares for ~$75K on May 8, 2026.
CFO Reeves sold 76,569 shares for ~$101K on May 8, 2026.
Both executives received non-cash equity grants on May 7 (262,102 shares to CEO, 239,439 to CFO).
Total open-market sales of $175K represent 0.15% of SRFM's $120M market cap.
No insider purchases were reported in the cluster window.

Financial Impact

$175K in open-market sales, 0.15% of market cap

insider holdingsfloat

Risk Factors

Insider selling could accelerate if stock price appreciates, increasing supply overhang.
No insider buying to offset the selling pattern.

Market Snapshot

Exchange

NYSE

Sector

Air Transportation, Nonscheduled

Analyst Consensus

75% bullish (8 analysts)

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

Document	Accession Number
CLUSTER Data (Synthetic)	cluster-SRFM-1778287796384

6 reports for SRFM

T+1T+5T+20T+60

100% Hit rate 4 of 4 directional calls best @ T+5▲ +8.80%Apr 16, 2026

Filters

Reports for SRFM — sortable, filterable
	Type				Now
May 22, 2026 21d ago	8-K NEUTRAL ★ 3/10	$1.26 $1.13	▼ −10.32%	▼ −11.53%	$1.08 (−14.29%)
May 8, 2026 5w ago	Insider Cluster NEUTRAL ★ 3/10	$1.35 $1.25	▼ −7.41%	▼ −8.87%	$1.08 (−20.00%)
Apr 24, 2026 7w ago	8-K BEARISH ★ 7/10	$1.11 $1.11	· 0.00%	▲ +0.40%	$1.08 (+2.70%)
Apr 21, 2026 7w ago	424B5 BEARISH ★ 6/10	$1.10 $1.06	▲ +3.64%	▲ +4.72%	$1.08 (+1.82%)
Apr 16, 2026 8w ago	Insider Cluster BEARISH ★ 7/10	$1.25 $1.14	▲ +8.80%	▲ +9.78%	$1.08 (+13.60%)
Apr 16, 2026 8w ago	Insider Cluster BEARISH ★ 4/10	$1.25 $1.14	▲ +8.80%	▲ +9.78%	$1.08 (+13.60%)

US Market Status

Market Closed — Opens Mon (48h 48m)

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