KRONGARD CHERYL GORDON 4

What Happened

• Cheryl Krongard, a Director of Sumisho Air Lease Corporation (ticker: AL), had 59,208.56 shares disposed to the issuer on 2026-04-08 at $65.00 per share, yielding $3,848,556. The disposition was a cash-out under the Merger Agreement that converted outstanding shares and RSUs into the right to receive $65.00 per share in cash.

Key Details

• Transaction date and price: 2026-04-08, $65.00 per share (total $3,848,556). Transaction code: D (Disposition to issuer).
• Shares reported disposed: 59,208.56.
• Shares owned after transaction: Not specified in the filing.
• Notable footnotes:
  • F1: Merger Sub merged with the issuer; at the Effective Time each outstanding Class A share was cancelled and converted into $65.00 cash per share.
  • F2: The disposed shares include 28,863.56 vested-but-deferred RSUs (including accrued dividend equivalents) and 2,698 unvested RSUs, which were cancelled and converted into cash (subject to applicable withholding taxes).
• Filing timeliness: Form was filed 2026-04-10 for a 2026-04-08 transaction (appears timely under Form 4 rules).

Context

• This was not an open-market sale but a mandatory cash-out tied to the company’s merger — a routine disposition in change-of-control transactions. Such merger-related cash-outs reflect transaction terms rather than an individual insider’s trading view.