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Ownership Document
|
| Schema Version: X0508 |
| Document Type: 4 |
| Period of Report: 4/11/24 |
| Not Subject to Section 16: 0 |
| Issuer: |
| Issuer CIK: 1846084 |
| Issuer Name: Global Crossing Airlines Group Inc. |
| Issuer Trading Symbol: JETMF |
| Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1325533 |
| | Owner Name: Red Oak Partners, LLC |
| Reporting Owner Address: |
| | Owner Street 1: 40 SE 5TH STREET |
| | Owner Street 2: SUITE 502 |
| | Owner City: BOCA RATON |
| | Owner State: FL |
| | Owner ZIP Code: 33432 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? No |
| | Is Officer? No |
| | Is Ten Percent Owner? Yes |
| | Is Other? No |
| Aff 10b5 One: 0 |
| Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 4/11/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: P |
| | | Equity Swap Involved? No |
| | Transaction Timeliness: |
| | | Value: |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 448,709 |
| | | Transaction Price Per Share: |
| Value: 0.38 |
| Footnote ID: F4 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 2,799,237 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: By The Red Oak Fund, L.P. directly |
| Footnote ID: F1 |
| Footnote ID: F3 |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 4/11/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: P |
| | | Equity Swap Involved? No |
| | Transaction Timeliness: |
| | | Value: |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 273,872 |
| | | Transaction Price Per Share: |
| Value: 0.38 |
| Footnote ID: F4 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 1,706,300 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: By The Red Oak Long Fund, L.P. directly |
| Footnote ID: F2 |
| Footnote ID: F3 |
| Footnotes: |
| Footnote - F1: Red Oak Partners, LLC ("ROP") serves as the general partner of The Red Oak Fund, LP, a Delaware limited partnership (the "Fund"), the direct owner of the subject securities. David Sandberg is the managing member of ROP and the Fund's portfolio manager. |
| Footnote - F2: ROP serves as the general partner of The Red Oak Long Fund, LP, a Delaware limited partnership (the "Long Fund"), the direct owner of the subject securities. David Sandberg is the managing member of ROP and the Long Fund's portfolio manager. |
| Footnote - F3: Each Reporting Person disclaims beneficial ownership of all securities reported herein, except to the extent of their pecuniary interest therein, if any, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the shares for purposes of Section 16 of the Securities and Exchange Act of 1934 or for any other purpose. |
| Footnote - F4: This transaction was executed subject to terms of a purchase agreement ("Purchase Agreement") between ROP and the seller. |
| Owner Signature: |
| Signature Name: David Sandberg |
| Signature Date: 4/15/24 |
