Tracy Kennedy - 16 Oct 2024 Form 3 Insider Report for AIR T INC (AIRT)

Role: CFO
Signature: /s/ Trang Kennedy
Issuer symbol: AIRT
Transactions as of: 16 Oct 2024
Net transactions value: $0
Form type: 3
Filing time: 14 Aug 2025, 15:46:32 UTC
Next filing: 14 Aug 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Kennedy Tracy	CFO	5000 WEST 36TH STREET, SUITE 200, MINNEAPOLIS	/s/ Trang Kennedy	14 Aug 2025	0002059629

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

Type	Sym	Class	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	AIRT	Stock options	16 Oct 2024	Common Stock	250	$33.98	Direct	F1
holding	AIRT	Stock options	16 Oct 2024	Common Stock	250	$36.78	Direct	F1
holding	AIRT	Stock options	16 Oct 2024	Common Stock	250	$39.76	Direct	F1
holding	AIRT	Stock options	16 Oct 2024	Common Stock	250	$42.93	Direct	F1
holding	AIRT	Stock options	16 Oct 2024	Common Stock	250	$46.29	Direct	F1
holding	AIRT	Stock options	16 Oct 2024	Common Stock	250	$49.85	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Whether any of the unexerciseable options vest, and the amount that does vest, is tied to various price tranches (six per year) corresponding to future testing dates (June 30 of each year) and the achievement of our Common Stock trading at or above the exercise price for each applicable price tranche. In the event that the market price of our common stock does not reach or exceed the exercise price during the 60 days immediately preceding the applicable price tranche, 100% of the applicable options associated with that price tranche expire immediately. After expirations due to failures to reach the prior stated exercise prices, total amount outstanding as of 10/16/2024 was 1,750. For further details, see the Company's proxy statement filed July 3, 2025.

Content

Whether any of the unexerciseable options vest, and the amount that does vest, is tied to various price tranches (six per year) corresponding to future testing dates (June 30 of each year) and the achievement of our Common Stock trading at or above the exercise price for each applicable price tranche. In the event that the market price of our common stock does not reach or exceed the exercise price during the 60 days immediately preceding the applicable price tranche, 100% of the applicable options associated with that price tranche expire immediately. After expirations due to failures to reach the prior stated exercise prices, total amount outstanding as of 10/16/2024 was 1,750. For further details, see the Company's proxy statement filed July 3, 2025.