Sec Form 4 Filing - Hymowitz Gregg @ FLYEXCLUSIVE INC. - 2023-12-27

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Hymowitz Gregg
2. Issuer Name and Ticker or Trading Symbol
FLYEXCLUSIVE INC. [ FLYX]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
375 PARK AVENUE, 24TH FLOOR
3. Date of Earliest Transaction (MM/DD/YY)
12/27/2023
(Street)
NEW YORK, NY10152
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 12/27/2023 J( 1 )( 6 ) 5,517,808 A $ 10 ( 1 ) 5,517,808 I See Footnote ( 2 )
Class A Common Stock 12/27/2023 J( 1 )( 6 ) 2,808,904 A $ 10 ( 1 ) 2,808,904 I See Footnote ( 3 )
Class A Common Stock 5,625,000 I See Footnotes ( 4 ) ( 5 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Hymowitz Gregg
375 PARK AVENUE, 24TH FLOOR
NEW YORK, NY10152
X X
EG Sponsor LLC
375 PARK AVENUE, 24TH FLOOR
NEW YORK, NY10152
X
EnTrust Global Management GP LLC
375 PARK AVENUE, 24TH FLOOR
NEW YORK, NY10152
X
GH Onshore GP LLC
375 PARK AVENUE, 24TH FLOOR
NEW YORK, NY10152
X
Signatures
EG Sponsor LLC; By: /s/ Gregg S. Hymowitz 12/29/2023
Signature of Reporting Person Date
EnTrust Global Management GP LLC; By: /s/ Gregg S. Hymowitz 12/29/2023
Signature of Reporting Person Date
GH Onshore GP LLC; By: /s/ Gregg S. Hymowitz 12/29/2023
Signature of Reporting Person Date
/s/ Gregg S. Hymowitz 12/29/2023
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Outstanding debt of LGM Enterprises, LLC ("LGM") was converted to a number of shares of Class A Common Stock of the Issuer in connection with the consummation of the business combination with LGM, on December 27, 2023 (the "Business Combination") equal to the quotient of (a) the total amount owed by LGM divided by (b) $10.00.
( 2 )Represents 5,517,808 shares of Class A Common Stock held by EnTrust Emerald (Cayman) LP. Gregg Hymowitz serves as the Founder and Chief Executive Officer of EnTrust Global, an affiliate of which serves as the general partner of EnTrust Emerald (Cayman) LP, and may be deemed to be the beneficial owner of such shares held by EnTrust Emerald (Cayman) LP. Each such person disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest they may have therein, directly or indirectly.
( 3 )Represents 2,808,904 shares of Class A Common Stock held by ETG Omni LLC. Gregg Hymowitz serves as the Founder and Chief Executive Officer of EnTrust Global, an affiliate of which serves as the managing member of ETG Omni LLC, and may be deemed to be the beneficial owner of such shares held by ETG Omni LLC. Each such person disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest they may have therein, directly or indirectly.
( 4 )Represents 5,625,000 shares of Class A Common Stock held by the EG Sponsor LLC ("Sponsor"), consisting of 1,000 shares classified before the consummation of the Business Combination as shares of Class B common stock, par value $0.0001 per share, of EG Acquisition Corp. ("EG"), which have converted into shares of Class A Common Stock on a one-for-one basis upon the closing of the Business Combination, and 5,624,000 shares classified before the consummation of the Business Combination as shares of Class A common stock, par value $0.0001 per share, of EG, which have converted into shares of Class A Common Stock on a one-for-one basis upon the closing of the Business Combination. EnTrust Global Management GP LLC is the managing member of the Sponsor and as such has voting and investment discretion with respect to the Class A Common Stock held of record by the Sponsor and may be deemed to have shared beneficial ownership (along with EnTrust Global Management GP LLC,
( 5 )(Continued from Footnote 4) GH Onshore GP LLC and our Sponsor) of the Class A Common Stock held directly by the Sponsor. Gregg Hymowitz is the sole and managing member of GH Onshore GP LLC, which is the managing member of EnTrust Global Management GP LLC, and as a result, may be deemed to have shared beneficial ownership of the common stock held directly by the Sponsor. Each of EnTrust Global Management GP LLC, GH Onshore GP LLC and Gregg Hymowitz disclaims beneficial ownership of such securities except to the extent of its or his pecuniary interest therein. An affiliate of GMF Capital has an approximately 50% membership interest in the Sponsor. Each such person disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest they may have therein, directly or indirectly.
( 6 )Mr. Hymowitz serves on the Board of Directors of the issuer (the "Board"). Solely for purposes of Section 16 of the Exchange Act, the reporting persons and their affiliates may be deemed to be directors-by-deputization as a result of the service of Mr. Hymowitz on the Board. For purposes of the exemption under Rule 16b-3 promulgated under the Exchange Act, the Board approved the acquisition of any direct or indirect pecuniary interest in any and all the shares reported hereby the reporting persons as a result of or in connection with the transactions reported in this Form 4.

Remarks:
See Exhibit 99.1 - Joint Filer Information, which is incorporated herein by reference and describes in further detail the relationships of the reporting persons to the issuer. See Exhibit 99.2 - Power of Attorney for EG Sponsor LLC See Exhibit 99.3 - Power of Attorney for EnTrust Global Management GP LLC See Exhibit 99.4 - Power of Attorney for GH Onshore GP LLC See Exhibit 99.5 Power of Attorney for Gregg Hymowitz.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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