Michael N. Taglich - Jan 9, 2023 Form 4 Insider Report for AIR INDUSTRIES GROUP (AIRI)

Role: Director, 10%+ Owner
Signature: /s/ Michael N. Taglich
Stock symbol: AIRI
Transactions as of: Jan 9, 2023
Transactions value $: $13,841
Form type: 4
Date filed: 1/10/2023, 03:12 PM
Previous filing: Oct 4, 2022
Next filing: May 25, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AIRI	Common Stock	Other	$13.8K	+3.16K	+0.78%	$4.38	411K	Jan 9, 2023	Direct	F1
holding	AIRI	Common Stock						24K	Jan 9, 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
holding	AIRI	Stock Options						1K	Jan 9, 2023	Common Stock	1K	$8.40	Direct
holding	AIRI	Stock Options						1K	Jan 9, 2023	Common Stock	1K	$13.20	Direct
holding	AIRI	Stock Options						1K	Jan 9, 2023	Common Stock	1K	$23.80	Direct
holding	AIRI	Stock Options						1K	Jan 9, 2023	Common Stock	1K	$12.80	Direct
holding	AIRI	Stock Options						1.3K	Jan 9, 2023	Common Stock	1.3K	$15.90	Direct
holding	AIRI	Convertible Notes						$1.52M	Jan 9, 2023	Common Stock	102K	$15.00	Direct	F3, F4
holding	AIRI	Convertible Notes						$1.03M	Jan 9, 2023	Common Stock	110K	$9.30	Direct	F4
holding	AIRI	Convertible Notes						$213K	Jan 9, 2023	Common Stock	14.2K	$15.00	See Note	F4, F5
holding	AIRI	Convertible Notes						$117K	Jan 9, 2023	Common Stock	7.81K	$15.00	Direct	F4
holding	AIRI	Convertible Notes						$28K	Jan 9, 2023	Common Stock	3.01K	$9.30	See Note	F4, F6
holding	AIRI	Warrants						1.75K	Jan 9, 2023	Common Stock	1.75K	$14.00	See Note	F7

* 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	Represents shares owned by Taglich Brothers, Inc., of which the Reporting Person is Chairman and President.
F3	Represents Issuer's 6% convertible notes received pursuant to amendment to Issuer's 8% convertible notes and includes unpaid interest through December 31, 2020.
F4	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.
F5	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.
F6	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.
F7	Represents warrants issued to Taglich Brothers, Inc., of which the Reporting Person is Chairman and President, for acting as placement agent for the sale of Issuer's shares of common stock in October 2018.