Michael E. Recca - May 23, 2023 Form 4 Insider Report for AIR INDUSTRIES GROUP (AIRI)

Role
Chief Financial Officer
Signature
/s/ Michael E. Recca
Stock symbol
AIRI
Transactions as of
May 23, 2023
Transactions value $
$0
Form type
4
Date filed
5/25/2023, 04:27 PM
Previous filing
Apr 13, 2022
Next filing
Jun 6, 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 0 May 23, 2023 Direct

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 Options Award +21.6K 21.6K May 23, 2023 Common Stock 21.6K $3.43 Direct F1
transaction AIRI Stock options Disposed to Issuer -10K -50% 10K May 23, 2023 Common Stock 10K $8.30 Direct F1, F2
transaction AIRI Stock options Disposed to Issuer -12.5K -50% 12.5K May 23, 2023 Common Stock 12.5K $12.20 Direct F1, F3
transaction AIRI Stock options Disposed to Issuer -7.5K -50% 7.5K May 23, 2023 Common Stock 7.5K $13.90 Direct F1
transaction AIRI Stock options Disposed to Issuer -10K -50% 10K May 23, 2023 Common Stock 10K $10.30 Direct F1
transaction AIRI Stock options Disposed to Issuer -9K -50% 9K May 23, 2023 Common Stock 9K $8.80 Direct F1
transaction AIRI Stock options Disposed to Issuer -5K -50% 5K May 23, 2023 Common Stock 5K $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.
F2 Vests as to 3,333 shares on each of April 12, 2022 and March 31, 2023, and 3,334 shares on March 31, 2024.
F3 Vests in equal installments of 4,167 shares on July 30, 2021, July 31, 2022 and 4,166 shares on July 31, 2023.