Jacob Suen - 14 Mar 2025 Form 4 Insider Report for AIRGAIN INC (AIRG)

Role: President and CEO, Director
Signature: /s/ Michael Elbaz, as attorney-in-fact
Issuer symbol: AIRG
Transactions as of: 14 Mar 2025
Net transactions value: -$115,600
Form type: 4
Filing time: 18 Mar 2025, 21:49:02 UTC
Previous filing: 17 Mar 2025
Next filing: 19 Mar 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AIRG	Common Stock	Options Exercise	$10,000	+5,000	+2.2%	$2.00	234,999	14 Mar 2025	Direct	F1, F2
transaction	AIRG	Common Stock	Sale	$22,158	-5,000	-2.1%	$4.43	229,999	14 Mar 2025	Direct	F2, F5
transaction	AIRG	Common Stock	Tax liability	$24,935	-5,719	-2.5%	$4.36	224,280	15 Mar 2025	Direct	F2, F4
transaction	AIRG	Common Stock	Tax liability	$41,420	-9,500	-4.2%	$4.36	214,780	15 Mar 2025	Direct	F2, F4
transaction	AIRG	Common Stock	Award	$0	+15,481	+7.2%	$0.000000	230,261	15 Mar 2025	Direct	F2, F6
transaction	AIRG	Common Stock	Tax liability	$37,086	-8,506	-3.7%	$4.36	221,755	15 Mar 2025	Direct	F2, F4
transaction	AIRG	Common Stock	Award	$0	+25,501	+11%	$0.000000	247,256	15 Mar 2025	Direct	F2, F9
transaction	AIRG	Common Stock	Award	$0	+58,290	+24%	$0.000000	305,546	15 Mar 2025	Direct	F2, F7

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	AIRG	Stock Option (Right to Buy)	Options Exercise	$0	-5,000	-42%	$0.000000	6,982	14 Mar 2025	Common Stock	5,000	$2.00	Direct	F3
transaction	AIRG	Stock Option (Right to Buy)	Award	$0	+70,799		$0.000000	70,799	15 Mar 2025	Common Stock	70,799	$4.36	Direct	F8

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

Explanation of Responses:

Id	Content
F1	This Form 4 reports the exercise of employee stock options by the reporting person that were granted approximately 10 years ago and that would otherwise expire in March 2025 if not exercised during the issuer's current trading window for insiders
F2	Includes Restricted Stock Units.
F3	The reporting person received the stock options on March 18, 2015 pursuant to an award under the 2013 Equity Incentive Plan. The shares subject to the option are fully vested and exercisable.
F4	Represents restricted stock units surrendered via a net settlement to satisfy tax withholding and remittance obligations in connection with the vesting of restricted stock units.
F5	Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $4.35 to $4.52. The Reporting Person has provided to the issuer, and will provide to any security holder of the issuer or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
F6	Represents restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. The restricted stock units are fully vested.
F7	Represents restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. The restricted stock units shall vest in substantially equal installments on each of the March 15, 2026; March 15, 2027; March 15, 2028; and March 15, 2029, subject to the reporting person's continued service to the Issuer through each such vesting date. The restricted stock units will be subject to acceleration as provided in the reporting person's employment agreement.
F8	The option is exercisable as it vests. 25% of the shares subject to the option vest on March 15, 2026, and 1/48th of the total number of shares subject to the option vest monthly thereafter, subject to the reporting person's continued service to the issuer through each such vesting date. The option will be subject to acceleration as provided in the reporting person's employment agreement.
F9	Represents restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock. The restricted stock units shall vest on January 15, 2026, subject to the reporting person's continued service to the issuer through each such vesting date. The restricted stock units will be subject to acceleration as provided in the reporting person's employment agreement.