Air Industries Group Director Michael Porcelain Receives RSU Award

What Happened
Michael Porcelain, a director of Air Industries Group (AIRI), received a grant of 5,523 restricted stock units (RSUs) on 2026-08-27. The grant is reported at a price of $2.59 per share, for a reported grant value of approximately $14,305. This was an award under the company’s equity plan (not an open-market purchase).

Key Details

• Transaction date: 2026-08-27; filing date: 2026-08-31 (timely filing).
• Transaction type/code: A — Award/Grant (RSUs).
• Shares/units granted: 5,523 RSUs @ $2.59 (total ≈ $14,305).
• Shares owned after transaction: not reported in the Form 4.
• Footnotes:
  • Grant pursuant to the company equity plan.
  • Each RSU represents the right to one share at settlement; the RSUs vested upon grant but will be settled on the later of (A) the first anniversary of the award date or (B) a qualifying change in control; if no change in control occurs by the 18‑month anniversary, vested RSUs will be settled at that 18‑month date.
  • Noted as exercisable in full.

Context
This is a compensation award (RSUs) rather than a market purchase or sale. Although the RSUs vested upon grant, they are not settled into actual shares until the specified settlement event(s), so this grant increases potential future share ownership rather than immediately adding tradable stock.