CHARLES F. WILLIS IV - 14 Nov 2025 Form 4 Insider Report for WILLIS LEASE FINANCE CORP (WLFC)

Role: Executive Chairman, Director, 10%+ Owner
Signature: /s/ Charles F. Willis IV
Issuer symbol: WLFC
Transactions as of: 14 Nov 2025
Transactions value $: $0
Form type: 4
Filing time: 18 Nov 2025, 17:35:46 UTC
Previous filing: 14 Aug 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
WILLIS CHARLES F IV	Executive Chairman, Director, 10%+ Owner	4700 LYONS TECHNOLOGY PARKWAY, COCONUT CREEK	/s/ Charles F. Willis IV	18 Nov 2025	0001033309

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	WLFC	Non-Qualified Stock Option (right to buy)	Award	$0	+300K		$0.00	300K	14 Nov 2025	Common Stock	300K	$126.55	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This option was granted with an exercise price equal to the greater of (i) Fair Market Value (as defined in the Issuer's 2023 Incentive Stock Plan) of the Issuer's common stock on November 10, 2025 (the "Grant Date") and (ii) the five-day average volume weighted average Fair Market Value of the Issuer's common stock for the five trading days occurring from (and including) the Grant Date through (and including) November 14, 2025. Accordingly, once the exercise price for this option was fixed on November 14, 2025, this option became a "derivative security," as such term is defined in Rule 16a-1(c) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and reportable under Section 16 of the Exchange Act.
F2	This option vests in four equal installments on November 10, 2026, November 10, 2027, November 10, 2028, and November 10, 2029.

Content

This option was granted with an exercise price equal to the greater of (i) Fair Market Value (as defined in the Issuer's 2023 Incentive Stock Plan) of the Issuer's common stock on November 10, 2025 (the "Grant Date") and (ii) the five-day average volume weighted average Fair Market Value of the Issuer's common stock for the five trading days occurring from (and including) the Grant Date through (and including) November 14, 2025. Accordingly, once the exercise price for this option was fixed on November 14, 2025, this option became a "derivative security," as such term is defined in Rule 16a-1(c) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and reportable under Section 16 of the Exchange Act.

This option vests in four equal installments on November 10, 2026, November 10, 2027, November 10, 2028, and November 10, 2029.