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AIR INDUSTRIES GROUP — Director's Dealing 2025
Feb 4, 2025
35084_dirs_2025-02-04_5dc27883-b346-4393-8985-e2599d0ca501.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: AIR INDUSTRIES GROUP (AIRI)
CIK: 0001009891
Period of Report: 2025-01-31
Reporting Person: TAGLICH MICHAEL N (Director, 10% Owner)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-01-31 | Convertible Notes | $15 | D | 14217 | Disposed | 2026-07-01 | Common Stock (14217) | Indirect |
| 2025-01-31 | Convertible Notes | $9.3 | D | 3011 | Disposed | 2026-07-01 | Common Stock (3011) | Indirect |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 439715 | Direct |
| Common Stock | 23995 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Options | $3.75 | 2029-08-31 | Common Stock (10000) | 10000 | Direct |
| Stock Options | $3.5 | 2028-05-31 | Common Stock (1000) | 1000 | Direct |
| Stock Options | $3.43 | 2028-06-30 | Common Stock (2120) | 2120 | Direct |
| Stock Option | $8.4 | 2027-04-30 | Common Stock (1000) | 1000 | Direct |
| Stock Option | $13.2 | 2027-12-31 | Common Stock (1000) | 1000 | Direct |
| Stock Option | $23.8 | 2026-12-31 | Common Stock (1000) | 1000 | Direct |
| Stock Option | $12.8 | 2025-12-31 | Common Stock (1000) | 1000 | Direct |
| Convertible Notes | $15 | 2026-07-01 | Common Stock (101544) | Direct | |
| Convertible Notes | $9.3 | 2026-07-01 | Common Stock (110323) | Direct | |
| Convertible Notes | $15 | 2026-07-01 | Common Stock (7812) | Direct |
Footnotes
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.