Luciano M. Melluzzo - 23 May 2023 Form 4 Insider Report for AIR INDUSTRIES GROUP (AIRI)

Role
President
Signature
/s/ Luciano M. Melluzzo
Issuer symbol
AIRI
Transactions as of
23 May 2023
Net transactions value
$0
Form type
4
Filing time
25 May 2023, 16:28:18 UTC
Previous filing
13 Apr 2022
Next filing
06 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding AIRI Common Stock 100,000 23 May 2023 Direct

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 +48,000 48,000 23 May 2023 Common Stock 48,000 $3.43 Direct F1
transaction AIRI Stock options Disposed to Issuer -20,000 -50% 20,000 23 May 2023 Common Stock 20,000 $8.30 Direct F1, F2
transaction AIRI Stock options Disposed to Issuer -18,000 -50% 18,000 23 May 2023 Common Stock 18,000 $12.20 Direct F1, F3
transaction AIRI Stock options Disposed to Issuer -15,000 -50% 15,000 23 May 2023 Common stock 15,000 $13.90 Direct F1
transaction AIRI Stock options Disposed to Issuer -20,000 -50% 20,000 23 May 2023 Common stock 20,000 $10.30 Direct F1
transaction AIRI Stock options Disposed to Issuer -20,000 -50% 20,000 23 May 2023 Common Stock 20,000 $8.80 Direct F1
transaction AIRI Stock options Disposed to Issuer -27,000 -50% 27,000 23 May 2023 Common stock 27,000 $15.00 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.
F2 Vests as to 6,667 shares on each of April 12, 2022 and March 31, 2023, and 6,666 shares on March 31, 2024.
F3 Vests in equal installments of 6,000 shares on July 30, 2021, July 31, 2022 and July 31, 2023.