Robert Taglich - Jun 2, 2023 Form 4 Insider Report for AIR INDUSTRIES GROUP (AIRI)

Role
Director, 10%+ Owner
Signature
/s/ Robert F. Taglich
Stock symbol
AIRI
Transactions as of
Jun 2, 2023
Transactions value $
$0
Form type
4
Date filed
6/6/2023, 04:34 PM
Previous filing
May 25, 2023
Next filing
Jun 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding AIRI Common Stock 247K Jun 2, 2023 Direct
holding AIRI Common Stock 24K Jun 2, 2023 See Note F1
holding AIRI Common Stock 4.48K Jun 2, 2023 See Note F2

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 $0 +10K $0.00 10K Jun 2, 2023 Common Stock 10K $3.50 Direct F3
holding AIRI Stock Options 2.12K Jun 2, 2023 Common Stock 2.12K $3.43 Direct F4
holding AIRI Convertible Notes $762K Jun 2, 2023 Common Stock 50.8K $15.00 Direct F5, F6
holding AIRI Convertible Notes $1.03M Jun 2, 2023 Common Stock 110K $9.30 Direct F6
holding AIRI Convertible Notes $213K Jun 2, 2023 Common Stock 14.2K $15.00 See Note F6, F7
holding AIRI Convertible Notes $117K Jun 2, 2023 Common Stock 7.81K $15.00 Direct F6
holding AIRI Convertible Notes $28K Jun 2, 2023 Common Stock 3.01K $9.30 See Note F6, F8
holding AIRI Warrants 1.75K Jun 2, 2023 Common Stock 1.75K $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 Represent shares owned by Taglich Brothers, Inc., of which the Reporting Person is Managing Director.
F2 Represents shares acquired for which Mr. Taglich is the custodian for his children under NY UGMA.
F3 Vests as to 2,500 shares on each of June 2, 2023, June 30, 2023, September 30, 2023 and December 31, 2023.
F4 Exercisable in full.
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.