PORCELAIN MICHAEL 4

4 · AIR INDUSTRIES GROUP · Filed Apr 13, 2026

AI-generated summary of this filing

Updated Apr 13, 2026

Air Industries (AIRI) Director Michael Porcelain Receives Award

What Happened

Michael Porcelain, a director of Air Industries Group (AIRI), received an award of 4,484 restricted stock units (RSUs) on April 10, 2026. The reported per-share value was $3.19, for a total grant value of approximately $14,304.
This was an award/grant (transaction code A), not an open-market purchase or sale — it represents compensation, not an immediate buy signal.

Key Details

Transaction date: 2026-04-10; Form 4 filed: 2026-04-13 (filed within the normal two-business-day window).
Price/value reported: $3.19 per share; total value ≈ $14,304.
Shares owned after the transaction: not specified in the Form 4 filing.
Footnotes of note:
- F1: Grant made pursuant to the company's equity plan.
- F2: Each RSU equals the right to one share. The RSUs vested upon grant but will be settled (actual shares delivered) on the later of (A) the first anniversary of the award date or (B) a qualifying change in control; if neither occurs within 18 months, settlement occurs at the 18-month anniversary.
Transaction type: Award/Grant (A). Not a sale or purchase.

Context

Because the RSUs vested on grant but settlement is deferred under the award terms, Porcelain may not yet have received actual shares or sold any shares. RSU grants are common executive/director compensation and do not, by themselves, indicate a personal market purchase or sale.

Form 4

Period: 2026-04-10

Director

Transactions

Holdings

Restricted Stock Units
[F2]
→ Common Stock (60,791 underlying)
60,791
Stock Options
[F3]
Exercise: $3.00Exp: 2030-11-30→ Common Stock (10,000 underlying)
10,000
Stock Options
[F4]
Exercise: $3.75Exp: 2029-08-31→ Common Stock (10,000 underlying)
10,000
Stock Options
[F4]
Exercise: $3.50Exp: 2028-05-31→ Common Stock (1,000 underlying)
1,000
Stock Options
[F4]
Exercise: $3.43Exp: 2028-06-30→ Common Stock (2,160 underlying)
2,160
Stock Options
[F4]
Exercise: $8.40Exp: 2027-04-30→ Common Stock (1,000 underlying)
1,000
Stock Options
[F4]
Exercise: $12.50Exp: 2026-07-31→ Common Stock (100 underlying)
100
Stock Options
[F4]
Exercise: $13.20Exp: 2027-12-31→ Common Stock (1,000 underlying)
1,000
Stock Options
[F4]
Exercise: $23.80Exp: 2026-12-31→ Common Stock (1,000 underlying)
1,000

Footnotes (4)

[F1]Grant pursuant to equity plan.
[F2]Each restricted stock unit 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 this 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 date that is the eighteen (18) month anniversary of the Award Date, the vested RSUs shall be settled on the date that is the eighteen (18) month anniversary of the Award Date.
[F3]Vests as to 5,000 shares on December 31, 2025, 2,500 shares on February 28, 2026 and 2,500 shares on May 31, 2026.
[F4]Exercisable in full.

Signature

/s/ Michael D. Porcelain|2026-04-13

1 file