Surf Air Mobility Inc. (NYSE: SRFM) announced that company insiders, including co-founders, officers and directors, purchased $5.3 million worth of common stock as part of a broader $30 million capital raise.

The insider purchases were disclosed in Form 4 filings with the Securities and Exchange Commission. Participants included one co-founder, the chairman of the board, chief executive officer, chief financial officer and other directors.

The $5.3 million in insider purchases represents part of Surf Air Mobility's $30 million capital raise announced April 20. The total funding package included $15 million in non-dilutive, aircraft-backed credit and $15 million in common equity.

According to the company, the capital commitments reflect management confidence in platform momentum, SurfOS technology and an approximate 40% improvement in adjusted EBITDA guidance. The Los Angeles-based company released additional details about its 2026 plan in a letter to shareholders.

Surf Air Mobility operates as an air mobility platform with AI-enabled software and electrification programs. The company currently runs one of the largest commuter airlines in the United States by scheduled departures, providing operational data for its software development.