Transaction Details

Footnotes

Represents restricted stock units ("RSUs") granted under the Sky Harbour Group Corporation 2022 Incentive Award Plan. Each RSU represents the contingent right to receive, in accordance with the terms of the applicable RSU agreement, one share of Class A Common Stock of the Issuer for each vested RSU. The RSUs vest in installments in accordance with the terms of the applicable RSU agreement, provided the reporting person remains in service through the applicable vesting date. | Reported amount includes 14,233 RSUs. | The securities reported herein are held by Center Sky Harbour LLC ("Center Sky"). The Reporting Person has voting and investment discretion with respect to the securities held by Center Sky and may be deemed to have beneficial ownership of the securities held directly by Center Sky. The inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose. The Reporting Person disclaims beneficial ownership except to the extent of his pecuniary interest. | Subject to the terms of the Third Amended and Restated Operating Agreement of Sky Harbour LLC ("Sky"), the Common Units of Sky may be tendered for redemption by the Reporting Person for shares of the Issuer's Class A Common Stock on a one-to-one basis. The Common Units do not expire.