SEC Filing Summary

Vladimir Anatolevich Semenikhin, a director of Jet.AI Inc., has increased his beneficial ownership of the company's common stock to 9.8%, holding 4,450,000 shares. This increase follows several open market transactions in January and February 2026. Semenikhin acquired the shares for investment purposes, believing they are undervalued. He has expressed concerns regarding the company's capital allocation practices, governance actions, and the issuance of equity securities, particularly in conjunction with the proposed business combination with flyExclusive. Semenikhin intends to oppose this transaction, citing concerns that it does not maximize stockholder value and that certain incentive arrangements may not align with long-term stockholder interests. He plans to explore actions such as a tender offer, suspension of equity issuance programs, modification of the stockholder rights plan, and changes to the Board of Directors to provide alternative value to stockholders.