Robert Taglich - Oct 4, 2023 Form 4 Insider Report for AIR INDUSTRIES GROUP (AIRI)

Role
Director, 10%+ Owner
Signature
/s/ Robert F. Taglich
Stock symbol
AIRI
Transactions as of
Oct 4, 2023
Transactions value $
$12,598
Form type
4
Date filed
10/4/2023, 04:25 PM
Previous filing
Jul 20, 2023
Next filing
Jan 10, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AIRI Common Stock Other $12.6K +4.36K +1.73% $2.89 256K Oct 4, 2023 Direct F1
holding AIRI Common Stock 24K Oct 4, 2023 See Note F2
holding AIRI Common Stock 4.48K Oct 4, 2023 See Note F3

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
holding AIRI Stock Options 1K Oct 4, 2023 Common Stock 1K $3.50 Direct F4
holding AIRI Stock Options 2.12K Oct 4, 2023 Common Stock 2.12K $3.43 Direct F5
holding AIRI Stock Option 1K Oct 4, 2023 Common Stock 1K $8.40 Direct F5
holding AIRI Stock Option 1K Oct 4, 2023 Common Stock 1K $13.20 Direct F5
holding AIRI Stock Option 1K Oct 4, 2023 Common Stock 1K $23.80 Direct F5
holding AIRI Stock Option 1K Oct 4, 2023 Common Stock 1K $12.80 Direct F5
holding AIRI Convertible Notes $762K Oct 4, 2023 Common Stock 50.8K $15.00 Direct F6, F7
holding AIRI Convertible Notes $1.03M Oct 4, 2023 Common Stock 110K $9.30 Direct F7
holding AIRI Convertible Notes $213K Oct 4, 2023 Common Stock 14.2K $15.00 See Note F7, F8
holding AIRI Convertible Notes $117K Oct 4, 2023 Common Stock 7.81K $15.00 Direct F7
holding AIRI Convertible Notes $28K Oct 4, 2023 Common Stock 3.01K $9.30 See Note F7, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares received in lieu of cash payment of director's fees.
F2 Represent shares owned by Taglich Brothers, Inc., of which the Reporting Person is Managing Director.
F3 Represents shares acquired for which Mr. Taglich is the custodian for his children under NY UGMA.
F4 Vests as to 250 shares on each of June 2, 2023, June 30, 2023, September 30, 2023 and December 31, 2023.
F5 Exercisable in full.
F6 Represents Issuer's 6% convertible notes received pursuant to amendment to Issuer's 8% convertible notes and includes accrued interest through December 31, 2020.
F7 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.
F8 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.
F9 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.