Form 4: Insider Ownership Update: Taglich Acquires AIRI RSUs
Statement of Changes in Beneficial Ownership
Michael N. Taglich, a Director and 10% owner of Air Industries Group, reported beneficial ownership of common stock, restricted stock units, stock options, and convertible notes.
Summary
- Michael N. Taglich, a Director and 10% Owner of Air Industries Group (AIRI), filed a Form 4 disclosing his beneficial ownership.
- Reported direct beneficial ownership of 455,843 shares of Common Stock.
- Acquired 12,159 Restricted Stock Units (RSUs) on February 12, 2026, which vested upon grant and are subject to settlement conditions.
- Holds various stock options totaling 26,120 shares, with exercise prices ranging from $3.00 to $23.80 and expiration dates between 2026 and 2030.
- Holds convertible notes with conversion prices of $9.30 and $15.00, maturing on July 1, 2026, representing an aggregate principal value of $2,416,323 and convertible into 203,012 shares (including interest accrued through December 31, 2020).
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, typical for an insider ownership disclosure. The acquisition of RSUs is a standard compensation event and does not inherently signal strong positive or negative sentiment.
Positives
- Acquisition of 12,159 Restricted Stock Units (RSUs) by a director and 10% owner, indicating continued alignment of management's interests with shareholders.
Future Outlook
NA
Industry Context
StockSavvy.ai notes that Form 4 filings are routine disclosures of insider ownership changes and typically do not provide broader industry context. This filing reflects a standard compensation event for a director and 10% owner.
Stakeholder Impact
- Shareholders: The acquisition of Restricted Stock Units by a director and 10% owner aligns management's interests with shareholders, as their compensation is tied to the company's equity performance.
Next Steps
- Settlement of 12,159 Restricted Stock Units (RSUs) on the later of February 12, 2027, or a Change in Control, or by August 12, 2027, if no Change in Control occurs.
- Vesting of 5,000 stock options on December 31, 2025.
- Vesting of 2,500 stock options on February 28, 2026.
- Vesting of 2,500 stock options on May 31, 2026.
- Maturity of convertible notes on July 1, 2026.
Key Dates
| Date | Description |
|---|---|
| 09/30/2018 | Original date for some 6% convertible notes. |
| 01/15/2019 | Original date for some 6% convertible notes. |
| 12/31/2020 | Accrued interest on convertible notes calculated through this date. |
| 12/31/2025 | Vesting date for 5,000 shares of stock options with an exercise price of $3.00. |
| 02/12/2026 | Award date for 12,159 Restricted Stock Units (RSUs) and earliest transaction date. |
| 02/16/2026 | Signature date of the reporting person. |
| 02/28/2026 | Vesting date for 2,500 shares of stock options with an exercise price of $3.00. |
| 05/31/2026 | Vesting date for 2,500 shares of stock options with an exercise price of $3.00. |
| 07/01/2026 | Maturity date for all convertible notes. |
| 12/31/2026 | Expiration date for stock options with an exercise price of $23.80. |
| 02/12/2027 | First anniversary of the RSU Award Date, a potential settlement date. |
| 04/30/2027 | Expiration date for stock options with an exercise price of $8.40. |
| 08/12/2027 | Eighteen-month anniversary of the RSU Award Date, a potential settlement date if a Change in Control has not occurred. |
| 12/31/2027 | Expiration date for stock options with an exercise price of $13.20. |
| 05/31/2028 | Expiration date for stock options with an exercise price of $3.50. |
| 06/30/2028 | Expiration date for stock options with an exercise price of $3.43. |
| 08/31/2029 | Expiration date for stock options with an exercise price of $3.75. |
| 11/30/2030 | Expiration date for stock options with an exercise price of $3.00. |
Keywords
AIR Industries Group, AIRI, Form 4, Insider Trading, Beneficial Ownership, Michael N. Taglich, Restricted Stock Units, Stock Options, Convertible Notes, Director, 10% Owner
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