Surf Air Mobility Co-Founders, Officers, and Directors Backing 2026 Plan with Common Stock Purchases

Capital commitments reflect management’s confidence in Surf Air Mobility’s platform momentum, SurfOS™ technology, and approximate 40% improvement in Adjusted EBITDA guidance.

Share purchases by Co-Founders, Chairman of the Board, CEO, CFO, and other directors totaling approximately $5.3 million.

LOS ANGELES--(BUSINESS WIRE)--Surf Air Mobility Inc. (NYSE: SRFM) (“Surf Air Mobility”, or the “Company”), a leading air mobility platform, has reported that participating officers and directors, including one of the Company’s Co-Founders, Chairman of the Board, CEO, and CFO, have reported purchases of SRFM common stock in Form 4 filings with the Securities and Exchange Commission.

Together with a Co-Founder’s lead investment, the Company’s insiders purchased a total of $5.3 million of the Company’s broader $30 million capital raise, which was announced on April 20, 2026 and included $15 million of non-dilutive, aircraft-backed credit, and $15 million of common equity.

The capital commitments from Surf Air Mobility’s Co-Founders, officers, and directors reflect confidence in the Company’s platform momentum, SurfOS technology, and approximate 40% improvement in Adjusted EBITDA guidance. The Company released additional details on its 2026 plan in a recent letter to Surf Air Mobility shareholders here.

About Surf Air Mobility

Surf Air Mobility is a Los Angeles-based air mobility platform. With its AI-enabled SurfOS software and electrification programs, Surf Air Mobility provides technology designed to support the modernization of air operations and the adoption of next-generation aircraft. The Company currently operates one of the largest commuter airlines in the United States by scheduled departures, which provides operational scale and real-world operating data to validate and deploy its software. Together, these capabilities position Surf Air Mobility as a leader shaping a more efficient, connected, and accessible future for aviation.

Forward-Looking Statements

This Press Release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding Surf Air Mobility’s profitability and future financial results and its ability to achieve its business objectives. Readers of this release should be aware of the speculative nature of forward-looking statements. These statements are based on the beliefs of the Company’s management as well as assumptions made by and information currently available to the Company and reflect the Company’s current views concerning future events. As such, they are subject to risks and uncertainties that could cause actual results or events to differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, among many others: Surf Air Mobility’s ability to anticipate the future needs of the air mobility market; Surf Air Mobility’s future ability to pay contractual obligations and liquidity will depend on operating performance, cash flow and ability to secure adequate financing; the dependence on third-party partners and suppliers for the components and collaboration in Surf Air Mobility’s development of its advanced air mobility software platform, and any interruptions, disagreements or delays with those partners and suppliers; the inability to execute business objectives and growth strategies successfully or sustain Surf Air Mobility’s growth; the inability of Surf Air Mobility’s customers to pay for Surf Air Mobility’s services; the inability of Surf Air Mobility to obtain additional financing or access the capital markets to fund its ongoing operations on acceptable terms and conditions; the outcome of any legal proceedings that might be instituted against Surf Air Mobility, the risks associated with Surf Air Mobility’s obligations to comply with applicable laws, government regulations and rules and standards of the New York Stock Exchange; and general economic conditions. These and other risks are discussed in detail in the periodic reports that the Company files with the SEC, and investors are urged to review those periodic reports and the Company’s other filings with the SEC, which are accessible on the SEC’s website at www.sec.gov, before making an investment decision. The Company assumes no obligation to update its forward-looking statements except as required by law.