Glassman Scott 4

What Happened

• Scott Glassman, Acting CEO and President of Air Industries Group (AIRI), had 20,427 restricted stock units (RSUs converted/settled) reported on April 27, 2026 (Form 4 code M). To satisfy tax withholding, 8,447 of those shares were withheld (code F) at $3.18/share, valued at $26,861. No shares were sold on the open market.

Key Details

• Transaction date: April 27, 2026 (filed April 28, 2026).
• Shares acquired (conversion/settlement): 20,427 RSU-derived shares (price N/A for RSU settlement).
• Shares withheld for taxes (disposed per filing code F): 8,447 shares @ $3.18 = $26,861. Footnote states shares were withheld to satisfy tax withholding; no shares were sold.
• Award & vesting notes: Award granted Aug 26, 2024. Per footnote, 20,427 RSUs vested on April 1, 2025 and 20,427 vested on April 1, 2026; an additional 20,427 are scheduled to vest April 1, 2027 (each RSU equals one share at settlement).
• Shares owned after transaction: Not disclosed in this filing.
• Filing timeliness: Appears timely (transaction on 4/27/2026, filed 4/28/2026).

Context

• This filing reflects RSU settlement and routine tax withholding—not an open-market sale or purchase. Withholding reduces the net shares received by the insider and is a common administrative step when equity awards vest; it does not by itself indicate insider sentiment.