AIR INDUSTRIES GROUP — Director's Dealing 2023

May 25, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AIR INDUSTRIES GROUP (AIRI)
CIK: 0001009891
Period of Report: 2023-05-23

Reporting Person: PORCELAIN MICHAEL (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-05-23	Common Stock	J	3647	$3.54	Acquired	27730	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-05-23	Stock Options	$3.43	A	2160	Acquired	2028-06-30	Common Stock (2160)	Direct
2023-05-23	Stock Options	$8.40	D	1000	Disposed	2027-04-30	Common Stock (1000)	Direct
2023-05-23	Stock Options	$12.5	D	100	Disposed	2026-07-31	Common Stock (100)	Direct
2023-05-23	Stock Options	$13.2	D	1000	Disposed	2027-12-31	Common Stock (1000)	Direct
2023-05-23	Stock Options	$15.9	D	1300	Disposed	2023-05-31	Common Stock (1300)	Direct
2023-05-23	Stock Options	$12.8	D	1000	Disposed	2025-12-31	Common Stock (1000)	Direct
2023-05-23	Stock Options	$23.8	D	1000	Disposed	2026-12-31	Common Stock (1000)	Direct

Footnotes

F1: Shares received in lieu of cash payment of director's fee.

F2: 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.