Robert Taglich - Jan 9, 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
Jan 9, 2023
Transactions value $
$13,841
Form type
4
Date filed
1/10/2023, 03:14 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 +1.32% $4.38 243K Jan 9, 2023 Direct F1
holding AIRI Common Stock 24K Jan 9, 2023 See Note F2
holding AIRI Common Stock 4.48K Jan 9, 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 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 $762K Jan 9, 2023 Common Stock 50.8K $15.00 Direct F4, F5
holding AIRI Convertible Notes $1.03M Jan 9, 2023 Common Stock 110K $9.30 Direct F5
holding AIRI Convertible Notes $213K Jan 9, 2023 Common Stock 14.2K $15.00 See Note F5, F6
holding AIRI Convertible Notes $117K Jan 9, 2023 Common Stock 7.81K $15.00 Direct F5
holding AIRI Convertible Notes $28K Jan 9, 2023 Common Stock 3.01K $9.30 See Note F5, F7
holding AIRI Warrants 1.75K Jan 9, 2023 Common Stock 1.75K $14.00 See Note F8
* 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 Represents Issuer's 6% convertible notes received pursuant to amendment to Issuer's 8% convertible notes and includes accrued 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 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.
F7 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.
F8 Represents warrants issued to Taglich Brothers, Inc., of which the Reporting Person is Managing Director, for acting as placement agent for the sale of Issuer's shares of common stock in October 2018.