AIR LEASE CORP — Director's Dealing 2025

Nov 21, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AIR LEASE CORP (AL)
CIK: 0001487712
Period of Report: 2025-11-18

Reporting Person: UDVAR-HAZY STEVEN F (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-11-18	Air Lease Corporation - Class A Common Stock	S	3000	$63.755	Disposed	1197558	Indirect
2025-11-19	Air Lease Corporation - Class A Common Stock	S	8100	$63.847	Disposed	1189458	Indirect
2025-11-19	Air Lease Corporation - Class A Common Stock	S	667	$63.8545	Disposed	101333	Indirect
2025-11-20	Air Lease Corporation - Class A Common Stock	S	11000	$63.7282	Disposed	1178458	Indirect
2025-11-20	Air Lease Corporation - Class A Common Stock	S	7000	$63.8359	Disposed	1528366	Direct
2025-11-20	Air Lease Corporation - Class A Common Stock	S	1000	$63.7505	Disposed	33745	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Air Lease Corporation - Class A Common Stock	15550	Indirect
Air Lease Corporation - Class A Common Stock	19500	Indirect
Air Lease Corporation - Class A Common Stock	17000	Indirect
Air Lease Corporation - Class A Common Stock	24500	Indirect
Air Lease Corporation- Class A Common Stock	3500	Indirect
Air Lease Corporation - Class A Common Stock	3300	Indirect
Air Lease Corporation - Class A Common Stock	2500	Indirect
Air Lease Corporation- Class A Common Stock	1300	Indirect
Air Lease Corporation - Class A Common Stock	300	Indirect
Air Lease Corporation - Class A Common Stock	36000	Indirect
Air Lease Corporation - Class A Common Stock	329350	Indirect
Air Lease Corporation - Class A Common Stock	2700000	Indirect

Footnotes

F1: These shares are held by the Udvar-Hazy Separate Property Trust, of which the reporting person is the trustee.

F2: The price reported in Column 4 is the weighted average sales price. These shares were sold in multiple transactions at prices ranging from $63.8301 to $63.865, inclusive. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 2 to this Form 4.

F3: These shares are held by Ocean Equities, Inc. which is 100% owned by the Hazy Family Community Property Trust 5/28/85 of which the reporting person is the trustee and beneficial owner.

F4: The price reported in Column 4 is the weighted average sales price. These shares were sold in multiple transactions at prices ranging from $63.72 to $63.745, inclusive. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 4 to this Form 4.

F5: The price reported in Column 4 is the weighted average sales price. These shares were sold in multiple transactions at prices ranging from $63.82 to $63.85, inclusive. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 5 to this Form 4.

F6: The price reported in Column 4 is the weighted average sales price. These shares were sold in multiple transactions at prices ranging from $63.75 to $63.755, inclusive. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 6 to this Form 4.

F7: These shares are owned by the reporting person's wife. The reporting person expressly disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed to be an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purpose.

F8: These shares are owned by one of the reporting person's daughters. The reporting person expressly disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed to be an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purpose.

F9: These shares are owned by one of the reporting person's sons. The reporting person expressly disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purpose.

F10: These shares are held by the reporting person as custodian for one of the reporting person's grandchildren under the California Uniform Transfers to Minors Act. The reporting person expressly disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purpose.

F11: These shares are held by Emerald Financial LLC. A separate trust for each of the reporting person's four children owns 25% of the membership interests of Emerald LLC. Inclusion of these shares in this report shall not be deemed to be an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purpose.

F12: These shares are held by Air Intercontinental, Inc., of which the reporting person is the sole stockholder.

F13: These shares are held by the Hazy Family Community Property Trust 5/28/85, of which the reporting person is the trustee and beneficial owner.