Khatibi Alex A 4

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.