Sec Form 4 Filing - EILERS PATRICK C @ AirJoule Technologies Corp. - 2025-02-12

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
EILERS PATRICK C
2. Issuer Name and Ticker or Trading Symbol
AirJoule Technologies Corp. [ AIRJ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Executive Chairman
(Last) (First) (Middle)
C/O AIRJOULE TECHNOLOGIES CORPORATION, 34361 INNOVATION DRIVE
3. Date of Earliest Transaction (MM/DD/YY)
02/12/2025
(Street)
RONAN,, MT59864
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ 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 1,779,276 ( 1 ) D
Class A Common Stock 1,366,616 ( 2 ) I By: Patrick C. Eilers Revocable Trust
Class A Common Stock 1,366,616 ( 3 ) I By: Eilers Dynasty Trust
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
Restricted Stock Units ( 4 ) 02/12/2025 A 37,669 ( 4 ) ( 4 ) Class A Common Stock 37,669 $ 0 37,669 D
Performance Restricted Stock Units ( 5 ) 02/12/2025 A 368,112 ( 5 ) ( 5 ) Class A Common Stock 368,112 $ 0 368,112 D
Warrants $ 11.5 04/13/2024 03/14/2029 Class A Common Stock 1,069,711 1,069,711 ( 2 ) I By: Patrick C. Eilers Revocable Trust
Warrants $ 11.5 04/13/2024 03/14/2029 Class A Common Stock 1,069,712 1,069,712 ( 3 ) I By: Eilers Dynasty Trust
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
EILERS PATRICK C
C/O AIRJOULE TECHNOLOGIES CORPORATION
34361 INNOVATION DRIVE
RONAN,, MT59864
X Executive Chairman
Signatures
/s/ Chad W. MacDonald, Attorney-in-fact 02/14/2025
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Includes 132,059 shares of Class A Common Stock acquired in pro rata distribution in-kind by XPDI Sponsor II LLC to its members for no consideration.
( 2 )Represents securities acquired in a pro rata distribution in-kind by TEP XPDI Holdco II, LLC ("TEP Holdco") to its members for no consideration (the "TEP Distribution"). The reported securities include 298,382 shares subject to vesting pursuant to that certain Sponsor Support Agreement, dated as of June 5, 2023 (the "Sponsor Support Agreement").
( 3 )Represents securities acquired in the TEP Distribution. The reported securities include 298,382 shares subject to vesting pursuant to the Sponsor Support Agreement.
( 4 )The restricted stock units vest in three equal annual installments beginning on March 1, 2026. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
( 5 )The performance restricted stock units are eligible to cliff vest following the conclusion of the three-year performance period ending December 31, 2027. Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock based on the Issuer's average closing stock price over the final 120 trading days of the performance period achieving certain price thresholds. The amount reported herein represents the target amount under the award.

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).
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