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

Role
President
Signature
/s/ Luciano M. Melluzzo
Stock symbol
AIRI
Transactions as of
May 23, 2023
Transactions value $
$0
Form type
4
Date filed
5/25/2023, 04:28 PM
Previous filing
Apr 13, 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 100K May 23, 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 +48K 48K May 23, 2023 Common Stock 48K $3.43 Direct F1
transaction AIRI Stock options Disposed to Issuer -20K -50% 20K May 23, 2023 Common Stock 20K $8.30 Direct F1, F2
transaction AIRI Stock options Disposed to Issuer -18K -50% 18K May 23, 2023 Common Stock 18K $12.20 Direct F1, F3
transaction AIRI Stock options Disposed to Issuer -15K -50% 15K May 23, 2023 Common stock 15K $13.90 Direct F1
transaction AIRI Stock options Disposed to Issuer -20K -50% 20K May 23, 2023 Common stock 20K $10.30 Direct F1
transaction AIRI Stock options Disposed to Issuer -20K -50% 20K May 23, 2023 Common Stock 20K $8.80 Direct F1
transaction AIRI Stock options Disposed to Issuer -27K -50% 27K May 23, 2023 Common stock 27K $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.