AIRGAIN INC — Director's Dealing 2025

Mar 19, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AIRGAIN INC (AIRG)
CIK: 0001272842
Period of Report: 2025-03-14

Reporting Person: SUEN JACOB (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-03-14	Common Stock	M	5000	$2	Acquired	234999	Direct
2025-03-14	Common Stock	S	5000	$4.4317	Disposed	229999	Direct
2025-03-15	Common Stock	F	5719	$4.36	Disposed	224280	Direct
2025-03-15	Common Stock	F	9500	$4.36	Disposed	214780	Direct
2025-03-15	Common Stock	A	15481	—	Acquired	230261	Direct
2025-03-15	Common Stock	F	8506	$4.36	Disposed	221755	Direct
2025-03-15	Common Stock	A	25501	—	Acquired	247256	Direct
2025-03-15	Common Stock	A	58290	—	Acquired	305546	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-03-14	Stock Option (Right to Buy)	$2	M	5000	Disposed	2025-03-17	Common Stock (5000)	Direct
2025-03-15	Stock Option (Right to Buy)	$4.36	A	70799	Acquired	2035-03-14	Common Stock (70799)	Direct

Footnotes

F1: This Form 4 reports the exercise of employee stock options by the reporting person that were granted approximately 10 years ago and that would otherwise expire in March 2025 if not exercised during the issuer's current trading window for insiders

F2: Includes Restricted Stock Units.

F3: The reporting person received the stock options on March 18, 2015 pursuant to an award under the 2013 Equity Incentive Plan. The shares subject to the option are fully vested and exercisable.

F4: Represents restricted stock units surrendered via a net settlement to satisfy tax withholding and remittance obligations in connection with the vesting of restricted stock units.

F5: Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $4.35 to $4.52. 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 sold at each price within the range.

F6: Represents restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. The restricted stock units are fully vested.

F7: Represents restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. The restricted stock units shall vest in substantially equal installments on each of the March 15, 2026; March 15, 2027; March 15, 2028; and March 15, 2029, subject to the reporting person's continued service to the Issuer through each such vesting date. The restricted stock units will be subject to acceleration as provided in the reporting person's employment agreement.

F8: The option is exercisable as it vests. 25% of the shares subject to the option vest on March 15, 2026, and 1/48th of the total number of shares subject to the option vest monthly thereafter, subject to the reporting person's continued service to the issuer through each such vesting date. The option will be subject to acceleration as provided in the reporting person's employment agreement.

F9: Represents restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock. The restricted stock units shall vest on January 15, 2026, subject to the reporting person's continued service to the issuer through each such vesting date. The restricted stock units will be subject to acceleration as provided in the reporting person's employment agreement.