Nicholas John Swenson - Aug 30, 2021 Form 4 Insider Report for AIR T INC (AIRT)

Role
CEO, Director, 10%+ Owner
Signature
/s/ Mark R. Jundt, attorney-in-fact
Stock symbol
AIRT
Transactions as of
Aug 30, 2021
Transactions value $
$11,287
Form type
4
Date filed
9/1/2021, 06:46 PM
Previous filing
Aug 27, 2021
Next filing
Sep 7, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AIRT Common Stock Purchase $3.39K +100 +0.01% $33.90 961K Aug 30, 2021 By AO Partners I, LP F1, F3
transaction AIRT Common Stock Purchase $5.16K +150 +0.02% $34.39 961K Aug 31, 2021 By AO Partners I, LP F1, F2, F3
transaction AIRT Common Stock Purchase $2.74K +80 +0.01% $34.23 961K Sep 1, 2021 By AO Partners I, LP F1, F3, F4
holding AIRT Common Stock 59.2K Aug 30, 2021 Direct
holding AIRT Common Stock 94.9K Aug 30, 2021 By Glenhurst Co. F5
holding AIRT Common Stock 53.3K Aug 30, 2021 By Groveland Capital, LLC F6
holding AIRT Common Stock 170K Aug 30, 2021 By Groveland DST, LLC F7

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
holding AIRT Common Stock 3.75K Aug 30, 2021 Common Stock 3.75K $8.62 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The purchases reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 31, 2020.
F2 The price reported in Column 4 is a weighted average price. The prices actually received ranged from $33.90 to $34.64. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares purchased at each price within the range for all transactions reported in this Form 4 utilizing a weighted average price.
F3 The reported securities are owned directly by AO Partners I. L.P., and indirectly by AO Partners, LLC, as General Partner of AO Partners I. L.P., and Nicholas J. Swenson as Managing Member of AO Partners, LLC. Nicholas J. Swenson disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
F4 The price reported in Column 4 is a weighted average price. The prices actually received ranged from $34.10 to $34.25. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares purchased at each price within the range for all transactions reported in this Form 4 utilizing a weighted average price.
F5 The reported securities are owned directly by Glenhurst Co., a Minnesota corporation, wholly owned by Nicholas J. Swenson.
F6 The reported securities are owned directly by Groveland Capital, LLC and indirectly by Nicholas J. Swenson as the sole managing member and president of Groveland Capital, LLC. Nicholas J. Swenson disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
F7 The reported securities are owned directly by Groveland DST, LLC and indirectly by Nicholas J. Swenson as the sole managing member and president of Groveland DST, LLC. Nicholas J. Swenson disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.