Burns Joseph D 4/A
4/A · AIRO Group Holdings, Inc. · Filed May 26, 2026
Research Summary
AI-generated summary of this filing
AIRO CEO Joseph D. Burns Receives Award of 12,232 Shares
What Happened Joseph D. Burns, CEO of AIRO Group Holdings, received a bonus award of 12,232 shares on September 15, 2025, reported under transaction code A (award). The award is reported as having a total value of $175,000 per the employment agreement; no per-share price is stated on the filing. This is an amended Form 4 (filed 2026-05-26) correcting earlier reporting.
Key Details
- Transaction date: 2025-09-15 (Period of Report); Form 4 amended on 2026-05-26. Filing is late relative to the standard 2-business-day Form 4 deadline.
- Reported shares acquired: 12,232 shares (net).
- Original filing error: an earlier Form 4 (filed Oct 22, 2025) incorrectly reported 17,500 shares; this amendment clarifies that 5,268 shares were withheld to satisfy tax obligations (footnote F2, tax withholding = F).
- Footnote F1: the net shares represent a bonus award worth $175,000 under Burns’s employment agreement.
- Footnote F3: 1,314 shares previously reported as indirectly held by Joseph D. Burns & Kim A. Burns JTWROS should have been reported as directly held (reclassification).
- Shares owned after the transaction are not specified in the information provided.
Context This was a compensation-related award (not an open-market purchase or sale). Withholding shares to cover taxes is routine for equity-based compensation and reduces the net shares issued. The amendment corrects prior reporting errors but does not change the nature of the award itself.
Insider Transaction Report
- Award
Common Stock
[F1][F2][F3]2025-09-15+12,232→ 43,120 total
Footnotes (3)
- [F1]Represents net shares issued to the Reporting Person in connection with a bonus award with a value of $175,000 pursuant to the terms of an employment agreement by and between the Issuer and the Reporting Person.
- [F2]On October 22, 2025, the Reporting Person filed a Form 4 which inadvertently reported that 17,500 shares were issued as a bonus with a value of $175,000. In fact, as reported in this amendment, only 12,232 shares were issued due to the withholding of 5,268 shares to satisfy tax withholding obligations.
- [F3]The total includes 1,314 shares that were previously reported as indirectly held by Joseph D. Burns & Kim A. Burns JTWROS, which shares should have been reported as directly held.