AMAZON COM INC — Director's Dealing 2021

May 10, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Air Transport Services Group, Inc. (ATSG)
CIK: 0000894081
Period of Report: 2021-05-07

Reporting Person: AMAZON COM INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-05-07	Common Stock	X	12810629	$9.73	Acquired	13676177	Indirect
2021-05-07	Common Stock	X	752268	$9.73	Acquired	14428445	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-05-07	Warrant (Right to Purchase Common Stock)	$9.73	X	12810629	Disposed	2021-10-04	Common Stock (12810629)	Direct
2021-05-07	Warrant (Right to Purchase Common Stock)	$9.73	X	752268	Disposed	2021-10-04	Common Stock (752268)	Direct

Footnotes

F1: Amazon.com NV Investment Holdings LLC, a wholly-owned subsidiary of Amazon.com, Inc., is the record holder of these shares of Common Stock.

F2: Shares of Common Stock subject to the Warrant, which was issued in connection with the execution of a commercial agreement, vest and become exercisable upon the achievement of certain commercial milestones, subject to certain regulatory approvals and the terms and conditions outlined in the Warrant.