MICHAEL N. TAGLICH - 31 Jan 2025 Form 4 Insider Report for AIR INDUSTRIES GROUP (AIRI)

Role
Director, 10%+ Owner
Signature
/s/ Michael N. Taglich
Issuer symbol
AIRI
Transactions as of
31 Jan 2025
Transactions value $
$0
Form type
4
Filing time
04 Feb 2025, 16:45:29 UTC
Previous filing
08 Jan 2025
Next filing
23 Apr 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding AIRI Common Stock 439,715 31 Jan 2025 Direct
holding AIRI Common Stock 23,995 31 Jan 2025 See Note F1

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 Convertible Notes Disposed to Issuer -14,217 -100% 0 31 Jan 2025 Common Stock 14,217 $15 See Note F5, F6, F7
transaction AIRI Convertible Notes Disposed to Issuer -3,011 -100% 0 31 Jan 2025 Common Stock 3,011 $9.3 See Note F5, F6, F8
holding AIRI Stock Options 10,000 31 Jan 2025 Common Stock 10,000 $3.75 Direct F2
holding AIRI Stock Options 1,000 31 Jan 2025 Common Stock 1,000 $3.5 Direct F3
holding AIRI Stock Options 2,120 31 Jan 2025 Common Stock 2,120 $3.43 Direct F3
holding AIRI Stock Option 1,000 31 Jan 2025 Common Stock 1,000 $8.4 Direct F3
holding AIRI Stock Option 1,000 31 Jan 2025 Common Stock 1,000 $13.2 Direct F3
holding AIRI Stock Option 1,000 31 Jan 2025 Common Stock 1,000 $23.8 Direct F3
holding AIRI Stock Option 1,000 31 Jan 2025 Common Stock 1,000 $12.8 Direct F3
holding AIRI Convertible Notes $1,523,157 31 Jan 2025 Common Stock 101,544 $15 Direct F4, F5
holding AIRI Convertible Notes $1,026,000 31 Jan 2025 Common Stock 110,323 $9.3 Direct F5
holding AIRI Convertible Notes $117,166 31 Jan 2025 Common Stock 7,812 $15 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares owned by Taglich Brothers, Inc., of which the Reporting Person is Chairman and President.
F2 Vests as to 2,500 shares on each of August 31, 2024, September 30, 2024, December 31, 2024 and March 31, 2025.
F3 Exercisable in full.
F4 Represents Issuer's 6% convertible notes received pursuant to amendment to Issuer's 8% convertible notes and includes unpaid interest through December 31, 2020.
F5 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.
F6 Convertible Notes were paid in full on January 31, 2025.
F7 Represents 6% convertible notes issued to Taglich Brothers, Inc., of which the Reporting Person is Chairman and President, 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 Chairman and President, 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.