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Safe Pro Group CEO Daniyel Erdberg sells $4 million in stock

Safe Pro Group CEO Daniyel Erdberg sells $4 million in stock

Safe Pro Group CEO Daniyel Erdberg sold $4 million worth of the company's common stock on September 9, 2026. The CEO, who is also a director and 10% owner, transferred 1,000,000 shares at a price of $4.00 each. As of the transaction, the stock was trading at $4.49, close to the sale price. However, InvestingPro analysis indicates the company is undervalued according to its Fair Value estimate.

Over the past year, the stock has dropped by 43.5%, highlighting its high volatility. In addition to the stock sale, Erdberg granted a call option to the buyer, binding him to purchase an additional 1,000,000 shares at an exercise price of $6.00 per share, exercisable for two years until September 9, 2028. Following these transactions, Erdberg now owns 3,749,058 shares of Safe Pro Group Inc., excluding shares held by others like DL2 Capital LLC and the Erdberg Foundation Inc. The company recently secured significant contracts, including an AFWERX Small Business Innovation Research contract to develop an AI dataset for identifying Foreign Object Debris and Damage on U.S. Air Force and civilian airfields.

Safe Pro Group also received a $1.3 million U.S. government subcontract through Forterra to integrate its AI-powered threat detection technology into autonomous Unmanned Ground Vehicles, with additional funding from the U.S. Army for a similar integration. These advancements showcase the company's focus on advancing military and defense capabilities through AI technologies.

Written by urgent.news from Investing.com's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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