Michael N. Taglich - Jan 31, 2025 Form 4 Insider Report for AIR INDUSTRIES GROUP (AIRI)

Role: Director, 10%+ Owner
Signature: /s/ Michael N. Taglich
Stock symbol: AIRI
Transactions as of: Jan 31, 2025
Transactions value $: $0
Form type: 4
Date filed: 2/4/2025, 04:45 PM
Previous filing: Jan 8, 2025

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	AIRI	Common Stock						440K	Jan 31, 2025	Direct
holding	AIRI	Common Stock						24K	Jan 31, 2025	See Note	F1

Showing 1 to 2 of 2 entries

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	Convertible Notes	Disposed to Issuer		-14.2K	-100%		0	Jan 31, 2025	Common Stock	14.2K	$15.00	See Note	F5, F6, F7
transaction	AIRI	Convertible Notes	Disposed to Issuer		-3.01K	-100%		0	Jan 31, 2025	Common Stock	3.01K	$9.30	See Note	F5, F6, F8
holding	AIRI	Stock Options						10K	Jan 31, 2025	Common Stock	10K	$3.75	Direct	F2
holding	AIRI	Stock Options						1K	Jan 31, 2025	Common Stock	1K	$3.50	Direct	F3
holding	AIRI	Stock Options						2.12K	Jan 31, 2025	Common Stock	2.12K	$3.43	Direct	F3
holding	AIRI	Stock Option						1K	Jan 31, 2025	Common Stock	1K	$8.40	Direct	F3
holding	AIRI	Stock Option						1K	Jan 31, 2025	Common Stock	1K	$13.20	Direct	F3
holding	AIRI	Stock Option						1K	Jan 31, 2025	Common Stock	1K	$23.80	Direct	F3
holding	AIRI	Stock Option						1K	Jan 31, 2025	Common Stock	1K	$12.80	Direct	F3
holding	AIRI	Convertible Notes						$1.52M	Jan 31, 2025	Common Stock	102K	$15.00	Direct	F4, F5
holding	AIRI	Convertible Notes						$1.03M	Jan 31, 2025	Common Stock	110K	$9.30	Direct	F5
holding	AIRI	Convertible Notes						$117K	Jan 31, 2025	Common Stock	7.81K	$15.00	Direct	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares owned by Taglich Brothers, Inc., of which the Reporting Person is Chairman and President.
F2	Vests as to 2,500 shares on each of August 31, 2024, September 30, 2024, December 31, 2024 and March 31, 2025.
F3	Exercisable in full.
F4	Represents Issuer's 6% convertible notes received pursuant to amendment to Issuer's 8% convertible notes and includes unpaid interest through December 31, 2020.
F5	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.
F6	Convertible Notes were paid in full on January 31, 2025.
F7	Represents 6% convertible notes issued to Taglich Brothers, Inc., of which the Reporting Person is Chairman and President, 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 Chairman and President, 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.