Michael D. Porcelain - 23 May 2023 Form 4 Insider Report for AIR INDUSTRIES GROUP (AIRI)

Role
Director
Signature
/s/ Michael D. Porcelain
Issuer symbol
AIRI
Transactions as of
23 May 2023
Net transactions value
+$12,910
Form type
4
Filing time
25 May 2023, 16:23:52 UTC
Previous filing
10 Jan 2023
Next filing
20 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AIRI Common Stock Other $12,910 +3,647 +15% $3.54 27,730 23 May 2023 Direct F1

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 Options Award +2,160 2,160 23 May 2023 Common Stock 2,160 $3.43 Direct F2
transaction AIRI Stock Options Disposed to Issuer -1,000 -50% 1,000 23 May 2023 Common Stock 1,000 $8.40 Direct F2
transaction AIRI Stock Options Disposed to Issuer -100 -50% 100 23 May 2023 Common Stock 100 $12.50 Direct F2
transaction AIRI Stock Options Disposed to Issuer -1,000 -50% 1,000 23 May 2023 Common Stock 1,000 $13.20 Direct F2
transaction AIRI Stock Options Disposed to Issuer -1,300 -50% 1,300 23 May 2023 Common Stock 1,300 $15.90 Direct F2
transaction AIRI Stock Options Disposed to Issuer -1,000 -50% 1,000 23 May 2023 Common Stock 1,000 $12.80 Direct F2
transaction AIRI Stock Options Disposed to Issuer -1,000 -50% 1,000 23 May 2023 Common Stock 1,000 $23.80 Direct F2
* 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 fee.
F2 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.