Michael Brand - 23 May 2023 Form 4 Insider Report for AIR INDUSTRIES GROUP (AIRI)

Role
Director
Signature
/s/ Michael Brand
Issuer symbol
AIRI
Transactions as of
23 May 2023
Net transactions value
$0
Form type
4
Filing time
25 May 2023, 16:22:24 UTC
Previous filing
07 Apr 2022
Next filing
06 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding AIRI Common Stock 56,504 23 May 2023 Direct
holding AIRI Common Stock 6,000 23 May 2023 by Roth 401k

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 AIRI Stock Option Award +4,160 4,160 23 May 2023 Common Stock 4,160 $3.43 Direct F1
transaction AIRI Stock Option Disposed to Issuer -1,000 -50% 1,000 23 May 2023 Common Stock 1,000 $8.40 Direct F1
transaction AIRI Stock Option Disposed to Issuer -100 -50% 100 23 May 2023 Common Stock 100 $12.50 Direct F1
transaction AIRI Stock Options (right to purchase) Disposed to Issuer -1,000 -50% 1,000 23 May 2023 Common Stock 1,000 $13.20 Direct F1
transaction AIRI Stock Options (right to purchase) Disposed to Issuer -1,000 -50% 1,000 23 May 2023 Common Stock 1,000 $23.80 Direct F1
transaction AIRI Stock Options (right to purchase) Disposed to Issuer -1,300 -50% 1,300 23 May 2023 Common Stock 1,300 $15.90 Direct F1
transaction AIRI Stock Options (right to purchase) Disposed to Issuer -1,000 -50% 1,000 23 May 2023 Common Stock 1,000 $12.80 Direct F1
transaction AIRI Stock Options (right to purchase) Disposed to Issuer -5,000 -50% 5,000 23 May 2023 Common Stock 5,000 $14.20 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person and the issuer agreed to a stock option exchange whereby the reporting person exchanged all of his outstanding vested and unvested stock options for an immediately vested stock option to purchase a lesser number of shares than the aggregate number of shares subject to his outstanding stock options, with a modified exercise price and exercise period.