Khatibi Alex A 4

4 · SUMISHO AIR LEASE CORP · Filed Apr 10, 2026

AI-generated summary of this filing

Updated Apr 11, 2026

Sumisho Air Lease (AL) EVP Alex Khatibi Sells 91,506 Shares

What Happened

Alex A. Khatibi, Executive Vice President of Sumisho Air Lease Corporation (AL), had 91,506 shares of the company's Class A common stock converted into cash at $65.00 per share as part of the merger closing on April 8, 2026. The transaction resulted in cash proceeds of $5,947,890.
This was a disposition to the issuer under the merger agreement (shares were cancelled and converted to the per-share cash price), not an open-market sale.

Key Details

Transaction date: April 8, 2026; Form 4 filed April 10, 2026 (appears timely).
Price: $65.00 per share; Total proceeds: $5,947,890.
Shares disposed: 91,506, which include 4,959 unvested restricted stock units (RSUs) that were cancelled and converted into cash awards subject to the same vesting terms and applicable tax withholding.
Shares owned after the transaction: not specified in the provided filing.
Footnotes: F1 describes the merger conversion of all outstanding Class A shares into $65 cash per share; F2 confirms unvested RSUs were converted into cash awards and remain subject to prior vesting conditions and tax withholding.

Context

This was a merger cash-out (each outstanding Class A share was cancelled for cash), so the transaction reflects the corporate deal payout rather than a trading decision by the insider on the open market.
Such corporate cash conversions are routine in mergers and do not, by themselves, signal insider sentiment about future performance.

Form 4Exit

Period: 2026-04-08

EVP

Transactions

Disposition to Issuer
Air Lease Corporation - Class A Common Stock
[F1][F2]
2026-04-08$65.00/sh−91,506$5,947,890→ 0 total

Footnotes (2)

[F1]Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), with Sumisho Air Lease Corporation Designated Activity Company, an Irish private limited company ("Parent"), and Takeoff Merger Sub Inc., a Delaware corporation and an indirect wholly owned subsidiary of Parent ("Merger Sub"), Merger Sub merged with and into the Issuer, with the Issuer surviving as an indirect wholly owned subsidiary of Parent (the "Merger"). At the effective time of the Merger (the "Effective Time"), each issued and outstanding share of the Issuer's Class A common stock, par value $0.01 per share ("Common Stock") that was issued and outstanding as of immediately prior to the Effective Time was automatically cancelled, extinguished and converted into the right to receive $65.00 per share in cash, without interest thereon (the "Per Share Price").
[F2]The shares of Common Stock reported as disposed by the reporting person include 4,959 unvested restricted stock units ("RSUs"), which were cancelled and converted into the right to receive an amount in cash (without interest and subject to applicable withholding taxes) equal to the product of the Per Share Price and the total number of unvested RSUs (the "Converted Cash Awards"). The Converted Cash Awards are subject to the same vesting terms and conditions as applied to such RSUs immediately prior to the Effective Time.

Signature

/s/ Lauren Jaeger, Attorney-in-Fact|2026-04-10

1 file