Glassman Scott 4

4 · AIR INDUSTRIES GROUP · Filed Feb 17, 2026

AI-generated summary of this filing

Updated Feb 17, 2026

AIR Industries (AIRI) CFO Scott Glassman Receives 12,159 RSUs

What Happened

Scott Glassman, Chief Financial Officer of Air Industries Group (AIRI), was granted 12,159 restricted stock units (RSUs) on February 12, 2026. The award is reported as a derivative acquisition (code A) at $0.00 per unit (standard for RSU compensation).
The filing classifies the award as fully vested upon grant (see footnotes) but settlement of the RSUs is governed by the award’s timing provisions rather than an immediate share issuance.

Key Details

Transaction date: 2026-02-12; Form 4 filed: 2026-02-17 (filed within the SEC’s 2-business-day window given the Feb 16 holiday).
Amount: 12,159 RSUs granted; reported acquisition price: $0.00 (no cash paid).
Shares owned after transaction: not specified in the provided filing.
Footnotes of note:
- F1/F2: Each RSU represents the right to receive one share at settlement; these RSUs vested upon grant but will be settled on the later of the first anniversary of the award or upon a qualifying change in control, with an 18‑month maximum settlement fallback.
- F4: Indicates the award is fully vested.
- F3 describes a separate 2024 award and its vesting schedule; it appears unrelated to this specific 12,159‑RSU grant.
No 10b5-1 plan, tax‑withholding sale, or immediate sale of underlying shares is reported.

Context

RSUs are compensation awards, not open‑market purchases or sales, so they typically reflect company compensation policy rather than a direct buy/sell signal from the insider.
Although these RSUs vested, settlement is deferred per the agreement’s timing rules; receipt of actual shares (and any subsequent sales) will be reported separately when they occur.

Form 4

Period: 2026-02-12

Chief Financial Officer

Transactions

Award
Restricted Stock Units
[F1]
2026-02-12+12,159→ 12,159 total
→ Common Stock (12,159 underlying)

Holdings

Common Stock
11,982
Restricted Stock Units
[F2][F3]
→ Common Stock (40,854 underlying)
40,854
Stock Options
[F4]
Exercise: $3.50Exp: 2028-05-31→ Common Stock (5,000 underlying)
5,000
Stock Options
[F4]
Exercise: $3.43Exp: 2028-06-30→ Common Stock (4,100 underlying)
4,100
Stock Options
[F4]
Exercise: $8.40Exp: 2027-03-31→ Common Stock (3,000 underlying)
3,000
Stock Options
[F4]
Exercise: $12.20Exp: 2026-07-31→ Common Stock (2,000 underlying)
2,000
Stock Options
[F4]
Exercise: $13.90Exp: 2026-03-31→ Common Stock (2,250 underlying)
2,250

Footnotes (4)

[F1]Each RSU represents the right to receive, at settlement, one share of common stock. The RSUs vested upon grant and shall be settled on the later of: (A) the first anniversary of the Award Date and (B) the occurrence of a Change in Control, which for purposes of the Award Agreement, must constitute an event described in Treasury Regulation Section 1.409A-3(a)(5); provided, however, that if the event in (B) has not occurred by the eighteen (18) month anniversary of the Award Date, the vested RSUs shall be settled on the eighteen (18) month anniversary of the Award Date.
[F2]Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
[F3]This award was granted on August 26, 2024. 20,427 restricted stock units subject to the award vested on April 1, 2025, and 20,427 restricted stock units are scheduled to vest on each of April 1, 2026 and April 1, 2027, assuming continued employment through the applicable vesting date.
[F4]Fully vested.

Signature

/s/ Scott Glassman|2026-02-16

1 file