TAGLICH MICHAEL N 4

What Happened

• Michael N. Taglich, listed as a 10% owner of Air Industries Group (AIRI), was granted 12,159 restricted stock units (RSUs) on 2026-02-12. The award is recorded as a derivative acquisition at $0.00 consideration — i.e., compensation, not an open-market purchase.
• Each RSU represents the right to receive one share at settlement. The RSUs vested upon grant per the filing, but settlement into actual shares is deferred and governed by the award agreement (see footnotes).

Key Details

• Transaction date: February 12, 2026. Form 4 filed: February 17, 2026 (timely; filing was within the required 2 business days given the Presidents’ Day holiday).
• Instrument: 12,159 RSUs (derivative award), price $0.00, transaction code A (award/grant).
• Shares owned after transaction: Not specified in this filing.
• Settlement/vesting notes from filing:
  • F1: Each RSU converts to one share at settlement. RSUs vested on grant but will be settled on the later of (A) the first anniversary of the award date or (B) occurrence of a “change in control”; if no change in control by 18 months, vested RSUs will be settled at the 18‑month anniversary.
  • F2: The filing also lists a vesting allocation of 5,000 shares on 12/31/2025, 2,500 on 02/28/2026 and 2,500 on 05/31/2026 (as described in the footnotes).
• Transaction type: Award (compensation); no cash paid and no immediate shares issued.

Context

• RSU awards are compensation-based and do not represent an open-market purchase or sale; they give the holder the right to receive shares later per the award’s settlement rules.
• As a 10% owner, Taglich is a significant shareholder; this entry documents a compensation award rather than insider buying or selling.