Airgain (AIRG) CFO records open-market sales totaling 5,274 shares

Rhea-AI Filing Summary

Airgain Inc.'s Chief Financial Officer Michael Elbaz reported open-market sales of company stock. On May 12 and May 13, he sold a total of 5,274 shares of Airgain common stock at weighted average prices of $6.9801 and $6.7677 per share, respectively. After these transactions, he directly owns 135,506 shares of common stock, a figure that includes Restricted Stock Units.

Insights

Insider trading and governance analyst

Airgain CFO executes modest open-market share sales while retaining a sizable stake.

Airgain’s Chief Financial Officer, Michael Elbaz, conducted two open-market sales of common stock. He sold 1,487 shares at a weighted average of $6.9801 on May 12, 2026 and 3,787 shares at $6.7677 on May 13, 2026, totaling 5,274 shares sold.

The filing shows no associated option exercises or derivative transactions, and the footnotes describe the prices as weighted averages over narrow intraday ranges. Following the sales, Elbaz holds 135,506 shares directly, including Restricted Stock Units, indicating he maintains a significant continuing equity position.

Because these sales represent only a portion of his disclosed holdings and there is no mention of unusual triggers or related derivative activity, this appears to be a routine liquidity event. The filing does not provide information on any pre-arranged trading plan, so interpretation relies mainly on the scale relative to his remaining stake.

Insider Trade Summary

Net Seller: 5,274 shares ($36,009)

Net Sell 2 txns

Insider Elbaz Michael

Role Chief Financial Officer

Sold 5,274 shs ($36K)

Type	Security	Shares	Price	Value
Sale	Common Stock	3,787	$6.7677	$26K
Sale	Common Stock	1,487	$6.9801	$10K

Holdings After Transaction: Common Stock — 135,506 shares (Direct, null)

Footnotes (1)

1. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $6.9500 to $6.9950. The Reporting Person has provided to the issuer, and will provide to any security holder of the issuer or the SEC staff, upon request, information regarding the number of shares sold at each price within the range. Includes Restricted Stock Units. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $6.7500 to $6.7800. The Reporting Person has provided to the issuer, and will provide to any security holder of the issuer or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.

Key Figures

Total shares sold: 5,274 shares Shares sold May 12: 1,487 shares Shares sold May 13: 3,787 shares +3 more

6 metrics

Total shares sold 5,274 shares Open-market sales on May 12–13, 2026

Shares sold May 12 1,487 shares Common Stock, weighted average $6.9801/share

Shares sold May 13 3,787 shares Common Stock, weighted average $6.7677/share

Price range May 12 $6.9500–$6.9950 Multiple trades aggregated into weighted average

Price range May 13 $6.7500–$6.7800 Multiple trades aggregated into weighted average

Shares held after trades 135,506 shares Direct ownership, includes Restricted Stock Units

Key Terms

open-market sale, Restricted Stock Units, weighted average sales price per share, Common Stock

4 terms

open-market sale financial

"transaction_action: open-market sale"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Restricted Stock Units financial

"Includes Restricted Stock Units."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

weighted average sales price per share financial

"Represents a weighted average sales price per share."

Common Stock financial

"security_title: Common Stock"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Elbaz Michael

(Last) (First) (Middle)

C/O AIRGAIN, INC.

3611 VALLEY CENTRE DRIVE, SUITE 150

(Street)

SAN DIEGO CALIFORNIA 92130

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
AIRGAIN INC [ AIRG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/12/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/12/2026		S		1,487	D	$6.9801(1)	139,293(2)	D
Common Stock	05/13/2026		S		3,787	D	$6.7677(3)	135,506(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $6.9500 to $6.9950. The Reporting Person has provided to the issuer, and will provide to any security holder of the issuer or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.

2. Includes Restricted Stock Units.

3. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $6.7500 to $6.7800. The Reporting Person has provided to the issuer, and will provide to any security holder of the issuer or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.

	/s/ Michael Elbaz	05/14/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

How many Airgain (AIRG) shares did the CFO sell in this Form 4?

Airgain’s CFO Michael Elbaz sold a total of 5,274 shares of common stock. The transactions occurred over two days, reflecting open-market sales rather than option exercises or gifts, and were reported with weighted average sale prices for each trading day.

On what dates did Airgain CFO Michael Elbaz sell shares reported in this Form 4?

Michael Elbaz sold Airgain common stock on May 12 and May 13, 2026. Each day’s activity was reported separately, with its own share count and weighted average sale price, covering multiple trades executed within relatively narrow intraday price ranges.

What prices did the Airgain CFO receive for the shares sold?

The CFO reported weighted average sale prices of $6.9801 per share on May 12 and $6.7677 per share on May 13. Footnotes note these were based on multiple trades within narrow ranges between approximately $6.75 and $6.995 per share across those two days.

How many Airgain (AIRG) shares does the CFO hold after these transactions?

After the reported sales, Michael Elbaz directly owns 135,506 shares of Airgain common stock. According to the footnotes, this figure includes Restricted Stock Units, meaning his reported ownership combines both standard shares and unvested or restricted equity awards.

Were the Airgain CFO’s reported transactions option exercises or routine stock sales?

The transactions are classified as open-market sales of common stock, coded “S” in the filing. There is no associated option exercise or derivative conversion; the sales simply reduce his direct shareholdings while leaving a substantial remaining equity position in the company.