HUANG VICTOR (CEO and Chairman of the BOD) purchased 35.5% of their position (51K shares) of AIRSHIP AI HOLDINGS, INC. on the open market

Open‑market purchase worth $162.0K — a major conviction buy. The strongest form of insider conviction signal.

P · 1 purchase

HUANG VICTOR

Filed: 11/20/2025ACC: 0001161697-25-000378

InsiderHUANG VICTORCIK 2004301

→

IssuerAIRSHIP AI HOLDINGS, INC.CIK 1842566

DirectorOfficer10% Owner· CEO and Chairman of the BOD

Since Dec 2023

+52K

Net shares

Net buyer

$162.0K

Total acquired

Open market trades

1B · 0S

Total transactions

52K acquired

Non-Derivative Transactions1

Common Stock

Direct

P · Purchase

+51K

Price / share

$3.18

Trade value

$161.99K

% of position

35.5%

11/20/2025

143.85K→194.85K

Total

Net shares

+51K

Net value

$161.99K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	11/20/2025	P · Purchase	+51K	$3.18	$161.99K	35.5%	143.85K	194.85K
Total			+51K		$161.99K

Derivative Transactions1

Public Warrant (AISPW shares)

Direct

P · Purchase

Converts to

Common Stock

1K shares

+1K

Strike price

4.50

Held after

85.13K

Exercisable

—

11/19/2025

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Public Warrant (AISPW shares) Direct	Common Stock1K shares	11/19/2025	P · Purchase	+1K	4.50	—	85.13K

Non-Derivative Holdings (Post-Transaction)1

Common Stock

Indirect

Shares owned3.77M

Total

3.77M indirect3.77M

Security Title	Shares Owned	Ownership Type
Common Stock	3.77M	Indirect
Total	3.77M	3.77M indirect

Derivative Holdings (Post-Transaction)8

Earnout Rights

Indirect

Underlying security

Common Stock

Underlying shares

1.75M

Shares owned

1.75M

Exercise price

Expiration

—

Exercise window

—

Options

Indirect

Underlying security

Common Stock

Underlying shares

1.75M

Shares owned

1.75M

Exercise price

0.12

Expiration

—

Exercise window

—

Options

Direct

Underlying security

Common Stock

Underlying shares

50K

Shares owned

50K

Exercise price

4.25

Expiration

—

Exercise window

—

Stock Appreciation Rights

Indirect

Underlying security

Common Stock

Underlying shares

1.76M

Shares owned

1.76M

Exercise price

0.12

Expiration

—

Exercise window

—

Warrants

Direct

Underlying security

Common Stock

Underlying shares

1.34M

Shares owned

1.34M

Exercise price

1.77

Expiration

—

Exercise window

—

Public Warrant (AISPW shares)

Indirect

Underlying security

Common Stock

Underlying shares

Shares owned

Exercise price

4.50

Expiration

—

Exercise window

—

Warrant

Direct

Underlying security

Common Stock

Underlying shares

220K

Shares owned

220K

Exercise price

2.36

Expiration

—

Exercise window

—

Options

Direct

Underlying security

Common Stock

Underlying shares

100K

Shares owned

100K

Exercise price

2.86

Expiration

—

Exercise window

—

Total

Underlying

6.98M

Owned

6.98M

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Earnout Rights Indirect	Common Stock		—	—	1.75M	1.75M
Options Indirect	Common Stock	0.12	—	—	1.75M	1.75M
Options Direct	Common Stock	4.25	—	—	50K	50K
Stock Appreciation Rights Indirect	Common Stock	0.12	—	—	1.76M	1.76M
Warrants Direct	Common Stock	1.77	—	—	1.34M	1.34M
Public Warrant (AISPW shares) Indirect	Common Stock	4.50	—	—	6K	6K
Warrant Direct	Common Stock	2.36	—	—	220K	220K
Options Direct	Common Stock	2.86	—	—	100K	100K
Total					6.98M	6.98M