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: Brand Michael (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-05-23	Stock Option	$3.43	A	4160	Acquired	2028-06-30	Common Stock (4160)	Direct
2023-05-23	Stock Option	$8.40	D	1000	Disposed	2027-04-30	Common Stock (1000)	Direct
2023-05-23	Stock Option	$12.50	D	100	Disposed	2026-08-31	Common Stock (100)	Direct
2023-05-23	Stock Options (right to purchase)	$13.20	D	1000	Disposed	2027-12-31	Common Stock (1000)	Direct
2023-05-23	Stock Options (right to purchase)	$23.80	D	1000	Disposed	2026-12-31	Common Stock (1000)	Direct
2023-05-23	Stock Options (right to purchase)	$15.90	D	1300	Disposed	2023-05-31	Common Stock (1300)	Direct
2023-05-23	Stock Options (right to purchase)	$12.80	D	1000	Disposed	2025-12-31	Common Stock (1000)	Direct
2023-05-23	Stock Options (right to purchase)	$14.20	D	5000	Disposed	2024-07-24	Common Stock (5000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	56504	Direct
Common Stock	6000	Indirect

Footnotes

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.