PORCELAIN MICHAEL 4

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.