Monitor the Q3 2026 earnings release for any guidance updates or financial performance commentary from the new CFO. The outgoing CFO's advisory role through September 2027 suggests a structured transition, reducing disruption risk.
Price Chart
Executive Summary
Surf Air Mobility appointed Jason Secore as CFO effective September 30, 2026, replacing Oliver Reeves who resigned. Secore receives a $450,000 base salary, 100% target bonus, and a 790,000-unit equity grant (260k RSUs + 530k PRSUs). The outgoing CFO gets $650,000 cash severance, a $732,329 stock award, and a $240,000/year advisory role through September 2027. This is a routine CFO transition with a new hire from the drone/aviation sector and a generous outgoing package, but no financial data or guidance changes are provided.
Key Facts
- Jason Secore appointed CFO effective September 30, 2026, replacing Oliver Reeves
- Secore's base salary: $450,000 per year with 100% target bonus
- Secore receives 790,000 total RSUs/PRSUs under the 2026 Inducement Plan (260k RSUs, 260k PRSUs, 270k PRSUs)
- Outgoing CFO Oliver Reeves receives $650,000 cash severance, $732,329 stock award, and $240,000/year advisory fee for 1 year
- Reeves' equity awards fully accelerated as of the Effective Date
- Secore previously CFO of Matternet (drone delivery) and held finance roles at Arconic, AAR Corp, Republic Airways
Financial Impact
Total outgoing CFO severance package: $650,000 cash + ~$732,329 stock + $240,000 advisory fee = ~$1.62M. New CFO compensation: $450,000 salary + 790,000 equity units (value dependent on stock price).
Risk Factors
- CFO transition could cause temporary disruption in financial reporting or investor relations
- Generous outgoing severance ($1.62M total) adds to cash burn for a company pursuing profitability
- New CFO's aviation/tech background may signal strategic shift but no financial data to assess
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001936224-26-000010 |
| Document: srfm-20260928.htm | 0001936224-26-000010 |
| Document: srfm-ex99_1.htm | 0001936224-26-000010 |
| Document: 0001936224-26-000010-index-headers.html | 0001936224-26-000010 |
| Document: 0001936224-26-000010-index.html | 0001936224-26-000010 |
| Document: 0001936224-26-000010.txt | 0001936224-26-000010 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 30, 2026 26d ago | 8-K | $1.20 | awaiting T+60 | — | $0.7750 (+35.42%) |
Sep 30, 2026 26d ago | 424B5 | $1.20 | awaiting T+60 | — | $0.7750 (+35.42%) |
Sep 28, 2026 28d ago | 8-K | $1.20 | awaiting T+60 | — | $0.7750 (−35.42%) |
Aug 24, 2026 9w ago | EFFECT | $0.6590 | awaiting T+60 | — | $0.7750 (+17.60%) |
Aug 10, 2026 11w ago | 8-K | $0.8000 | awaiting T+60 | — | $0.7750 (−3.13%) |
Jul 24, 2026 13w ago | 8-K | $0.7953 $0.8462 | ▼ −6.40% | ▼ −2.69% | $0.7750 (+2.55%) |
Jul 2, 2026 16w ago | 8-K | $1.04 $0.9220 | ▼ −11.35% | ▼ −14.35% | $0.7750 (−25.48%) |
Jul 1, 2026 16w ago | 8-K | $1.04 $0.9220 | ▲ +11.35% | ▲ +14.30% | $0.7750 (+25.48%) |
Jun 26, 2026 17w ago | 8-K | $0.9300 $0.7700 | ▼ −17.20% | ▼ −21.59% | $0.7750 (−16.67%) |
Jun 26, 2026 17w ago | 424B5 | $0.9300 $0.7700 | ▲ +17.20% | ▲ +21.59% | $0.7750 (+16.67%) |
US Market Status
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