SEC Filing Summary

Vladimir Anatolevich Semenikhin, a director of Jet.AI Inc., has reduced his ownership stake in the company from 9.8% to 3.7%. This reduction involved the sale of 445,000 shares. Semenikhin cites concerns about the company's recent substantial increase in outstanding shares, which he believes may lead to significant dilution for existing shareholders. He questions the company's capital allocation and financing practices, especially in light of an upcoming merger vote. Semenikhin continues to monitor the company's capital structure, financing, governance, and strategic transactions, and is evaluating the implications of these developments.