During the three and six months ended June 30, 2026, the Company granted 106,091 and 455,944 target RSUs to certain key members of management of the Company, which are subject to both time- and performance-vesting conditions (“2026 Long Term Incentive RSUs”). The 2026 Long Term Incentive RSUs vest on December 31, 2028 based on the achievement of certain pre-tax income, aircraft utilization and flight completion rate metrics, as applicable, subject to certification which will occur as soon as practicable, but no more than 60 days following December 31, 2028. The number of units awardable from the 2026 Long Term Incentive RSUs can range from 0% to 200% of the target amount depending on the Company’s performance against the pre-established targets and if the related service conditions of the holder have been met. There are also 110,016 RSUs awardable related to pre-tax income and aircraft utilization metrics that will be

established by the Company’s Board of Directors during each of the years ending December 31, 2027 and 2028. For the portion of the awards where the performance-vesting condition has been defined, a grant date has been established and the weighted-average grant date fair value of those 2026 Long Term Incentive RSU was $20.13 per share. Share-based compensation expense is based on the Company’s anticipated outcome of achieving the performance metrics. During the three and six months ended June 30, 2026, 102,793 2026 Long Term Incentive RSUs were modified to accelerate vesting and 25,712 2026 Long Term Incentive RSUs were granted and vested immediately.

During the three and six months ended June 30, 2026, the Company granted zero and 17,389 RSUs to certain key members of management of the Company, which are subject to time-vesting conditions (“2026 Long Term Incentive Time-Vesting RSUs”). The grant date fair value of each 2026 Long Term Incentive Time-Vesting RSU was $21.14 per share. The 2026 Long Term Incentive Time-Vesting RSUs vest ratably over a three-year vesting period.

During the three and six months ended June 30, 2026, the Company granted 25,114 RSUs to certain key members of management of the Company, which are subject to time-vesting conditions (“2026 Promotion RSUs”). The grant date fair value of each 2026 Promotion RSU was $18.43 per share. The 2026 Promotion RSUs vest periodically over a 33 month vesting period.

During the three and six months ended June 30, 2026, the Company issued 43,566 RSUs to the Board of Directors at an estimated grant date fair value of $21.95 per share, which vested immediately. The Company recorded $1.0 million in share-based compensation to wages and benefits expense in the condensed consolidated statements of operations related to the issuance.

During the year ended December 31, 2025, the Company granted RSUs to certain key members of management which vest ratably over a three-year period (“2025 LTI Awards”). During the three and six months ended June 30, 2026, 11,231 of the 2025 LTI Award RSUs were modified to immediately vest.

During the year ended December 31, 2025, the Company granted 1,147,456 RSUs to certain key members of management, 70% of which are subject to time-based vesting conditions and 30% performance-based vesting conditions (“Republic Integration Awards”). The Republic Integration Awards and the 2025 LTI Awards, each, were unvested RSUs in Legacy Republic, which were automatically assumed and converted into the right to receive a restricted share in respect of common stock of the Company upon consummation of the Merger.

The Republic Integration Awards subject to time-vesting conditions vest in equal installments on the third and fourth anniversaries of closing of the Merger, subject to continued employment of the holder. The Republic Integration Awards subject to performance-vesting conditions vest in one-third tranches upon achievement of specified operational milestones. During the three and six months ended June 30, 2026, 114,737 shares vested from the achievement of a performance vesting condition. Additionally, during the three and six months ended June 30, 2026, 172,067 shares were modified to vest immediately.

The Company recognized $2.6 million and $6.3 million in share-based compensation to wages and benefits expense and $4.2 million and $4.2 million in share-based compensation to executive separation and Merger-related costs, respectively, in the condensed consolidated statements of operations during the three and six months ended June 30, 2026. The Company recognized $1.6 million and $2.3 million in share-based compensation to wages and benefits expense in the condensed consolidated statements of operations during the three and six months ended June 30, 2025. The Company accounts for forfeitures as they occur.


	Award
	2025 LTI Awards	Republic Integration Awards	2026 Long Term Incentive Time-Vesting RSUs	2026 Long Term Incentive RSUs	2026 Promotion RSUs	Total	Weighted Average Grant Date Fair Value







Unvested at January 1, 2026	77,793	1,147,456	—	—	—	1,225,249	$	15.39
Granted	—	—	17,389	349,853	—	367,242	21.14
Unvested at March 31, 2026	77,793	1,147,456	17,389	349,853	—	1,592,491	16.72
Granted	—	—	—	106,091	25,114	131,205	18.35
Vested	—	(114,737)	—	(25,712)	—	(140,449)	15.91
Modified and vested	(11,231)	(172,067)	—	(102,793)	—	(286,091)	18.25
Unvested at June 30, 2026	66,562	860,652	17,389	327,439	25,114	1,297,156	$	16.63