ROBERT TAGLICH - 02 Jun 2023 Form 4 Insider Report for AIR INDUSTRIES GROUP (AIRI)

Role
Director, 10%+ Owner
Signature
/s/ Robert F. Taglich
Issuer symbol
AIRI
Transactions as of
02 Jun 2023
Transactions value $
$0
Form type
4
Filing time
06 Jun 2023, 16:34:16 UTC
Previous filing
25 May 2023
Next filing
15 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 247,051 02 Jun 2023 Direct
holding AIRI Common Stock 23,995 02 Jun 2023 See Note F1
holding AIRI Common Stock 4,476 02 Jun 2023 See Note F2

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 $0 +10,000 $0 10,000 02 Jun 2023 Common Stock 10,000 $3.5 Direct F3
holding AIRI Stock Options 2,120 02 Jun 2023 Common Stock 2,120 $3.43 Direct F4
holding AIRI Convertible Notes $761,579 02 Jun 2023 Common Stock 50,772 $15 Direct F5, F6
holding AIRI Convertible Notes $1,026,000 02 Jun 2023 Common Stock 110,323 $9.3 Direct F6
holding AIRI Convertible Notes $213,242 02 Jun 2023 Common Stock 14,217 $15 See Note F6, F7
holding AIRI Convertible Notes $117,166 02 Jun 2023 Common Stock 7,812 $15 Direct F6
holding AIRI Convertible Notes $28,000 02 Jun 2023 Common Stock 3,011 $9.3 See Note F6, F8
holding AIRI Warrants 1,750 02 Jun 2023 Common Stock 1,750 $14 See Note F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represent shares owned by Taglich Brothers, Inc., of which the Reporting Person is Managing Director.
F2 Represents shares acquired for which Mr. Taglich is the custodian for his children under NY UGMA.
F3 Vests as to 2,500 shares on each of June 2, 2023, June 30, 2023, September 30, 2023 and December 31, 2023.
F4 Exercisable in full.
F5 Represents Issuer's 6% convertible notes received pursuant to amendment to Issuer's 8% convertible notes and includes accrued interest through December 31, 2020.
F6 Includes accrued interest on the Notes through December 31, 2020 and the shares that would be issued upon conversion for the interest accrued through December 31, 2020. Does not include shares to be issued upon conversion for interest accrued after December 31, 2020.
F7 Represents 6% convertible notes issued to Taglich Brothers, Inc., of which the Reporting Person is Managing Director, pursuant to amendment to Issuer's 8% convertible notes originally issued in lieu of cash payment of commissions earned for acting as placement agent for the sale of Issuer's 8% convertible notes.
F8 Represents 7% convertible notes issued to Taglich Brothers, Inc., of which the Reporting Person is Managing Director, issued in lieu of cash payment of commissions earned for acting as placement agent for the sale of Issuer's 7% convertible notes in January 2019.
F9 Represents warrants issued to Taglich Brothers, Inc., of which the Reporting Person is Managing Director, for acting as placement agent for the sale of Issuer's shares of common stock in October 2018.