SCHEDULE: Madison Air Solutions Corp: Major Stakeholders Report Ownership

Madison Air Solutions Corp's Schedule 13G filing reveals significant beneficial ownership by HRTG entities and individuals, totaling 9.5% of Class A common stock.

Summary

• This filing is a Schedule 13G, indicating that HRTG PV, L.P., HRTG CIF 2026, L.P., HRTG GPE, LLC, Kevin Anthony Kelly, and Keith Bryon Johnson collectively beneficially own 25,429,032 shares of Madison Air Solutions Corp's Class A common stock.
• This ownership represents 9.5% of the total outstanding Class A common stock.
• The total outstanding shares are based on 177,342,753 shares outstanding as of July 28, 2026, plus 90,108,130 shares issued in a private placement on August 25, 2026, totaling 267,450,883 shares.
• HRTG GPE, LLC is the general partner of HRTG PV, L.P. and HRTG CIF 2026, L.P.
• Kevin Anthony Kelly and Keith Bryon Johnson are Managing Members of HRTG GPE, LLC.
• The reporting persons disclaim beneficial ownership except to the extent of their pecuniary interest.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this filing as neutral to slightly positive, primarily indicating a significant ownership stake by reporting persons without immediate implications for control or strategic shifts.

Positives

• Significant ownership stake reported by established entities and individuals, potentially indicating confidence in the company's future.
• The filing clarifies the beneficial ownership structure, providing transparency to investors.
• The total shares outstanding calculation is clearly detailed, offering a precise understanding of the ownership percentage.

Negatives

• The filing does not provide any financial performance data or operational updates, limiting insight into the company's current health.
• The disclaimer of beneficial ownership by HRTG, Mr. Johnson, and Mr. Kelly, except for pecuniary interest, introduces a layer of ambiguity regarding ultimate control.

Risks

• Potential for future changes in ownership or strategic influence by the reporting persons, although not explicitly stated as a current intent.
• The private placement of 90,108,130 shares could dilute existing shareholders if not managed effectively.

Future Outlook

The filing does not contain any forward-looking statements or guidance from the company. It solely reports on beneficial ownership.

Management Comments

• HRTG GPE, LLC is the general partner of each of HRTG PV and HRTG CIF 2026.
• Keith Johnson and Kevin Kelly each serve as a Managing Member of HRTG GPE, LLC.
• Each of HRTG GPE, LLC, Mr. Johnson and Mr. Kelly disclaims beneficial ownership of the securities held directly by HRTG PV and HRTG CIF 2026, except to the extent of such person's pecuniary interest therein, if any.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are common for institutional investors and significant stakeholders accumulating positions in publicly traded companies. The disclosure of a 9.5% stake by HRTG entities suggests a substantial investment, which could be a precursor to further strategic involvement or simply a passive investment.

Stakeholder Impact

• Shareholders: The disclosure of a 9.5% stake by HRTG entities provides transparency. The prior private placement may have implications for share dilution.
• Management: The significant ownership may influence future board decisions or strategic direction.
• Creditors: No direct impact indicated by this filing.

Next Steps

• Monitor future filings from HRTG entities and individuals for any changes in beneficial ownership.
• Observe any strategic announcements or operational updates from Madison Air Solutions Corp that may be influenced by this significant ownership stake.

Key Dates

Keywords

Madison Air Solutions Corp, Schedule 13G, Beneficial Ownership, Class A Common Stock, HRTG PV, HRTG CIF 2026, HRTG GPE, Kevin Kelly, Keith Johnson