SCHEDULE: Madison Air Solutions Stakeholder Disclosures

Larry Gies and affiliated entities report substantial beneficial ownership of Madison Air Solutions Corporation's Class A common stock, including convertible Class B shares.

Summary

• Larry Gies, Madison Industries Holdings LLC, Madison Air Co-Investors LLC, and Madison Solutions Air LLC (collectively, the 'Reporting Persons') have filed an amended Schedule 13G.
• The filing details their beneficial ownership of Madison Air Solutions Corporation's Class A Common Stock.
• Larry Gies directly holds 12,014,417 shares of Class A common stock through his revocable trust.
• Madison Industries Holdings LLC holds 324,379,859 shares of Class B common stock, convertible into Class A.
• Madison Air Co-Investors LLC holds 12,299,462 shares of Class A common stock.
• Madison Solutions Air LLC holds 12,815,378 shares of Class A common stock.
• Collectively, the Reporting Persons beneficially own 361,509,116 shares, representing 61.1% of the outstanding Class A common stock.
• The percentage is calculated based on 267,671,615 shares outstanding as of November 3, 2026, plus the convertible Class B shares.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this filing as moderately positive, indicating significant beneficial ownership and control by key individuals and entities, suggesting stability and strategic alignment.

Positives

• Significant beneficial ownership by key individuals and entities (Larry Gies and affiliated LLCs) indicates strong stakeholder commitment.
• The combined stake of 61.1% suggests a stable controlling interest in Madison Air Solutions Corporation.
• The reporting of convertible Class B shares highlights potential for increased Class A ownership and liquidity.
• The filing is an amendment, suggesting ongoing management of ownership stakes.

Negatives

• The filing does not contain financial performance data, only ownership information.
• Concentration of ownership could limit free float and potentially impact stock liquidity.

Risks

• Potential for future changes in ownership structure or control, although current holdings are substantial.
• The conversion of Class B shares into Class A shares could dilute existing Class A shareholders if not managed carefully.

Future Outlook

This filing primarily concerns ownership structure and does not provide forward-looking financial guidance or strategic outlook for Madison Air Solutions Corporation.

Management Comments

• The filing of this Statement shall not be deemed an admission of beneficial ownership by any of the Reporting Persons for purposes of Section 13(d) or Section 13(g) or for any other purpose.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are common for institutional investors and significant individual shareholders to report their stakes in publicly traded companies. The substantial ownership reported here suggests a concentrated ownership structure within the air solutions sector.

Comparison to Industry Standards

• Industry standards for beneficial ownership vary significantly by company size and sector. For a company of Madison Air Solutions Corporation's likely size, a 61.1% stake held by a single group is considered very high, often indicative of a closely held company or a significant private equity/insider influence.

Stakeholder Impact

• Shareholders: The significant control by a single group may influence corporate governance decisions and potentially limit the influence of minority shareholders.
• Management: The controlling stake suggests that management decisions will likely align with the interests of Larry Gies and his affiliated entities.
• Potential Investors: A high concentration of ownership might affect the liquidity and trading dynamics of the stock.

Next Steps

• Monitor future filings for any changes in beneficial ownership.
• Observe any strategic decisions or corporate actions taken by the controlling stakeholders.

Key Dates

Keywords

Madison Air Solutions, Schedule 13G, Beneficial Ownership, Class A Common Stock, Class B Common Stock, Larry Gies, Madison Industries Holdings, Control