Burns Joseph D 4
4 · AIRO Group Holdings, Inc. · Filed Jun 18, 2025
Insider Transaction Report
Form 4
Burns Joseph D
DirectorChief Executive Officer10% Owner
Transactions
- Conversion
Investor Notes
2025-06-16−2,500→ 0 total(indirect: By Trust)→ Common Stock (2,500 underlying) - Conversion
Common Stock
2025-06-16+14,877→ 14,877 total - Conversion
Agile Defense Promissory Note Termination Agreement
2025-06-16−14,877→ 0 total→ Common Stock (14,877 underlying) - Conversion
Common Stock
2025-06-16+14,697→ 29,574 total - Conversion
Common Stock
2025-06-16+2,500→ 1,799,502 total(indirect: By Trust) - Conversion
AIRO Drone Promissory Note Termination Agreement
2025-06-16−14,697→ 0 total→ Common Stock (14,697 underlying)
Footnotes (4)
- [F1]Represents $656,476 of the total outstanding principal of this unsecured promissory note, which was automatically converted into 14,877 shares of common stock of the Issuer in connection with the closing of the Issuer's initial public offering.
- [F2]Represents $648,492 of the total outstanding principal of this unsecured promissory note, which was automatically converted into 14,697 shares of common stock of the Issuer in connection with the closing of the Issuer's initial public offering.
- [F3]Represents shares issued to the Reporting Person upon the closing of the Issuer's initial public offering pursuant to a one-time interest payment of $10.8 million by the Issuer for interest payable in connection with notes issued to certain investors including the Reporting Person.
- [F4]The Reporting Person is trustee of the Joe and Kim Burns Trust (the "Trust") and has sole voting and dispositive power with respect to the shares held by the Trust.