Michael Brand - May 23, 2023 Form 4 Insider Report for AIR INDUSTRIES GROUP (AIRI)

Role
Director
Signature
/s/ Michael Brand
Stock symbol
AIRI
Transactions as of
May 23, 2023
Transactions value $
$0
Form type
4
Date filed
5/25/2023, 04:22 PM
Previous filing
Apr 7, 2022
Next filing
Jun 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding AIRI Common Stock 56.5K May 23, 2023 Direct
holding AIRI Common Stock 6K May 23, 2023 by Roth 401k

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 AIRI Stock Option Award +4.16K 4.16K May 23, 2023 Common Stock 4.16K $3.43 Direct F1
transaction AIRI Stock Option Disposed to Issuer -1K -50% 1K May 23, 2023 Common Stock 1K $8.40 Direct F1
transaction AIRI Stock Option Disposed to Issuer -100 -50% 100 May 23, 2023 Common Stock 100 $12.50 Direct F1
transaction AIRI Stock Options (right to purchase) Disposed to Issuer -1K -50% 1K May 23, 2023 Common Stock 1K $13.20 Direct F1
transaction AIRI Stock Options (right to purchase) Disposed to Issuer -1K -50% 1K May 23, 2023 Common Stock 1K $23.80 Direct F1
transaction AIRI Stock Options (right to purchase) Disposed to Issuer -1.3K -50% 1.3K May 23, 2023 Common Stock 1.3K $15.90 Direct F1
transaction AIRI Stock Options (right to purchase) Disposed to Issuer -1K -50% 1K May 23, 2023 Common Stock 1K $12.80 Direct F1
transaction AIRI Stock Options (right to purchase) Disposed to Issuer -5K -50% 5K May 23, 2023 Common Stock 5K $14.20 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person and the issuer agreed to a stock option exchange whereby the reporting person exchanged all of his outstanding vested and unvested stock options for an immediately vested stock option to purchase a lesser number of shares than the aggregate number of shares subject to his outstanding stock options, with a modified exercise price and exercise period.