BUONANNO DAVID 4

What Happened

• David Buonanno, a director of Air Industries Group (AIRI), was granted 12,159 restricted stock units (RSUs) on February 12, 2026. The RSUs were reported as acquired at $0.00 (derivative award). This is an award/grant transaction (Form 4 code A) rather than a purchase or sale.

Key Details

• Transaction date: 2026-02-12; Filing date (Form 4): 2026-02-17 (appears to be filed late relative to the trade date).
• Amount: 12,159 RSUs granted; grant price reported as $0.00 (no cash paid).
• Shares owned after transaction: Not specified in the filing.
• Footnotes of record:
  • F1: Each RSU converts to one share at settlement. The RSUs “vested upon grant” and will be settled at the later of (a) the first anniversary of the award date or (b) a qualifying Change in Control; if no Change in Control occurs within 18 months, vested RSUs will be settled on the 18‑month anniversary.
  • F2: A vesting schedule is also noted: 5,000 shares on Dec 31, 2025; 2,500 on Feb 28, 2026; and 2,500 on May 31, 2026.
  • F3: “Exercisable in full” noted in filing.
• Transaction type: Award/Grant (code A); derivative securities (RSUs), not an open‑market buy or sale.

Context

• RSU grants are compensation awards and do not necessarily indicate immediate buying/selling intent; settlement may be delayed per the terms above. Because this was an award (not a market purchase), it’s primarily a compensation event rather than a direct bullish or bearish trading signal.
• The filing was submitted five days after the transaction date; late filing may be noted by investors but does not change the substance of the award.