Nicholas John Swenson - 27 Jun 2025 Form 4 Insider Report for AIR T INC (AIRT)

Role
CEO, Director, 10%+ Owner
Signature
s/ Nicholas J Swenson
Issuer symbol
AIRT
Transactions as of
27 Jun 2025
Transactions value $
$0
Form type
4
Filing time
01 Jul 2025, 21:43:48 UTC
Previous filing
04 Apr 2025
Next filing
02 Jul 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Swenson Nicholas John CEO, Director, 10%+ Owner 5000 WEST 36TH STREET, SUITE 130, MINNEAPOLIS s/ Nicholas J Swenson 01 Jul 2025 0001478067

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AIRT Common Stock Other $0 -1.62K -0.17% $0.00 973K 27 Jun 2025 By AO Partners I, LP F1, F2
holding AIRT Common Stock 62.9K 27 Jun 2025 Direct
holding AIRT Common Stock 94.9K 27 Jun 2025 By Glenhurst Co. F3
holding AIRT Common Stock 52.7K 27 Jun 2025 By Groveland Capital, LLC F4
holding AIRT Common Stock 170K 27 Jun 2025 By Groveland DST, LLC F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 27, 2025, the General Partner of AO Partners I, L.P. (the "Fund") made an irrevocable delegation of sole voting and dispositive power over 1,620 shares to a third party. There was no consideration paid and there was no change in pecuniary interest. So, the total shares held by the Fund did not change. The sole impact was to reduce the beneficial ownership of the Fund pursuant to Rule 13d-3 of the Securities Exchange Act of 1934 (on an aggregate basis the reporting person is the beneficial owner of less than 50% of the common stock).
F2 The reported securities are owned directly by AO Partners I, L.P., and indirectly by AO Partners, LLC, as General Partner of AO Partners I, L.P., and Nicholas J. Swenson as Managing Member of AO Partners, LLC. Nicholas J. Swenson disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
F3 The reported securities are owned directly by Glenhurst Co., a Minnesota corporation. Nick Swenson is the President and sole director of Glenhurst Co. Nick Swenson directs the voting of all shares owned by Glenhurst Co. Nicholas J. Swenson disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
F4 The reported securities are owned directly by Groveland Capital, LLC and indirectly by Nicholas J. Swenson as the sole managing member and president of Groveland Capital, LLC. Nicholas J. Swenson disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
F5 The reported securities are owned directly by Groveland DST, LLC and indirectly by Nicholas J. Swenson as the sole managing member and president of Groveland DST, LLC. Nicholas J. Swenson disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.