Madison Air (MAIR) 10% Owner Ernesto Bertarelli Buys Stock

What Happened Ernesto Bertarelli, reported as a 10% owner, was associated with a private placement purchase of 8,770,524 Class A shares of Madison Air Solutions (MAIR) on August 25, 2026. The shares were purchased at $24.97 per share for a total cash value of $218,999,984. This was a purchase (private placement), which is generally viewed as a bullish signal compared with routine insider sales.

Key Details

• Transaction date and price: August 25, 2026 — 8,770,524 shares at $24.97/share.
• Total value: $218,999,984 (approximately $219 million).
• Acquirer: K.C. Armada, LP purchased the shares in the private placement (Footnote 1).
• Beneficial ownership: Shares are held by K.C. Armada, LP and may be deemed beneficially owned by Mr. Bertarelli; he disclaims beneficial ownership except to the extent of his pecuniary interest (Footnote 2). Additional related holdings may be held by Kedge Capital Principal Opportunities V, LP (Footnote 3).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Filing timeliness: Transaction dated 2026-08-25; Form 4 filed 2026-08-27 — filing appears timely (within the standard two-business-day window).

Context This was a private placement to an entity (K.C. Armada, LP) affiliated with Mr. Bertarelli, not an open-market buy. For 10% owners and related investment vehicles, filings often reflect institutional investments and may not indicate day-to-day executive trading. The filing’s footnotes clarify the holding entities and Mr. Bertarelli’s disclaimer of direct beneficial ownership except for his pecuniary interest.