Volato Group, Inc. entered into an Executive Services Agreement with Christopher M. Ensey, its CEO and a Board member, effective September 11, 2026. Mr. Ensey serves as an independent contractor receiving an annual fee of $400,000 payable in monthly installments. He is eligible for a restricted stock award covering 5% of fully diluted capitalization, vesting in five 1% tranches contingent on market capitalization milestones ranging from $2.5 billion to $17.0 billion and contracted capacity targets between ~63 MW and ~400 MW. Unvested shares are forfeited upon termination unless specific conditions regarding cause or good reason are met, potentially allowing proportional vesting based on actual valuation at the time of departure. The company operates in the aviation technology sector.
