Surf Air Mobility Inc. announced employee inducement awards for Chief Financial Officer Jason Secore and SurfOS President Barrett Brown, both of whom commenced employment on September 30, 2026.

The grants, issued under NYSE Rule 303A.08, include significant performance-based restricted stock units (PRSUs) tied to the commercial success of the SurfOS software platform. This development follows the recent appointment of Brown and the signing of a definitive agreement with Air Fuga, marking the third OperatorOS customer in two weeks.

Inducement awards for leadership hires

On October 2, 2026, the company granted awards to Jason Secore in connection with his role as CFO. His package consists of 260,000 restricted stock units (RSUs), with 25% vesting immediately and the remainder over three years. Additionally, he received 260,000 PRSUs, where 25% vests upon approval of performance targets and the rest over three years, plus 270,000 PRSUs that vest entirely upon achieving specific performance targets.

Barrett Brown, former Head of Asia at Palantir Technologies, received a larger equity package aligned with SurfOS growth metrics. His awards include:

• 1,000,000 PRSUs vesting if annual recurring revenue (ARR) for SurfOS reaches between $30 million and $50 million.
• 500,000 PRSUs vesting upon achievement of financial and operational milestones.
• 1,000,000 PRSUs vesting if SurfOS performance exceeds the $50 million ARR target.

Strategic context and Palantir partnership

Brown’s appointment is a critical step as SurfOS moves into commercial deployment. He will lead efforts to scale commercial contracts and deploy next-generation agentic AI optimization tools on AIP and Foundry platforms. Kevin Kawasaki, Global Head of Business Development at Palantir, noted that Brown understands both aviation operational complexity and the opportunity to apply software and AI at scale.

The ongoing partnership with Palantir Technologies accelerates the commercialization of OperatorOS and OwnerOS. Palantir will receive 4,644,922 shares of Surf Air Mobility common stock as payment for continued access to its software and services. This structure indicates that Surf Air Mobility is preserving cash liquidity by settling substantial technology costs through equity issuance rather than cash outflows.

Product ecosystem and market momentum

SurfOS comprises three flagship products designed to connect brokers, operators, and aircraft owners:

• BrokerOS: Connects brokers within the network.
• OperatorOS: Manages flight operations for operators.
• OwnerOS: Provides individual aircraft owners and fleet managers visibility into utilization and maintenance planning.

The partnership with Air Fuga continues the commercial momentum for OperatorOS, following recent contracts with Sprintbach Aviation and SkyDance Air. Under these agreements, Surf Air Mobility earns a percentage of revenue for all flights managed through its software platform.

What the numbers show

The disclosure reveals a significant equity-based dependency on its primary technology partner alongside aggressive internal incentive structures. Palantir is set to receive 4,644,922 shares in exchange for software access, while Brown’s compensation is heavily weighted toward PRSUs tied to a $30 million to $50 million ARR range. This alignment suggests that management views the transition from operational airline services to high-margin software licensing as the primary driver of future value, placing substantial dilution risk on existing shareholders contingent on achieving these specific revenue targets.

Surf Air Mobility announced the appointment of Jason Secore as Chief Financial Officer, effective September 30. This leadership transition aims to strengthen the company's financial oversight and strategic planning capabilities.

The appointment was officially disclosed through a corporate news release. No additional financial metrics or operational details were provided in the announcement regarding the impact of this change on current fiscal performance.

Leadership transition details

Jason Secore will assume the role of CFO, taking charge of the company's financial operations. The start date is fixed for September 30, ensuring a defined handover period for financial responsibilities.