Robert F. Taglich - 23 May 2023 Form 4 Insider Report for AIR INDUSTRIES GROUP (AIRI)

Role
Director, 10%+ Owner
Signature
/s/ Robert F. Taglich
Issuer symbol
AIRI
Transactions as of
23 May 2023
Net transactions value
+$15,813
Form type
4
Filing time
25 May 2023, 16:24:40 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 $15,813 +4,467 +1.8% $3.54 247,051 23 May 2023 Direct F1
holding AIRI Common Stock 23,995 23 May 2023 See Note F3
holding AIRI Common Stock 4,476 23 May 2023 See Note F4

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 +2,120 2,120 23 May 2023 Common Stock 2,120 $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 -1,000 -50% 1,000 23 May 2023 Common Stock 1,000 $13.20 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
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 -1,300 -50% 1,300 23 May 2023 Common Stock 1,300 $15.90 Direct F2
holding AIRI Convertible Notes $761,579 23 May 2023 Common Stock 50,772 $15.00 Direct F5, F6
holding AIRI Convertible Notes $1,026,000 23 May 2023 Common Stock 110,323 $9.30 Direct F6
holding AIRI Convertible Notes $213,242 23 May 2023 Common Stock 14,217 $15.00 See Note F6, F7
holding AIRI Convertible Notes $117,166 23 May 2023 Common Stock 7,812 $15.00 Direct F6
holding AIRI Convertible Notes $28,000 23 May 2023 Common Stock 3,011 $9.30 See Note F6, F8
holding AIRI Warrants 1,750 23 May 2023 Common Stock 1,750 $14.00 See Note 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 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.
F3 Represent shares owned by Taglich Brothers, Inc., of which the Reporting Person is Managing Director.
F4 Represents shares acquired for which Mr. Taglich is the custodian for his children under NY UGMA.
F5 Represents Issuer's 6% convertible notes received pursuant to amendment to Issuer's 8% convertible notes and includes accrued interest through December 31, 2020.
F6 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.
F7 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.
F8 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.
F9 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.