[Form 4] Airgain, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Airgain, Inc. (AIRG) – Form 4 filing: President & CEO Jacob Suen sold 2,000 common shares on 18 Jul 2025 at roughly $5.00 per share. The sale was executed under a Rule 10b5-1 plan instituted 12 Mar 2025, indicating it was pre-scheduled. Following the sale, Suen still directly owns 311,698 shares (includes RSUs), meaning his stake declined by only about 0.6% and he remains a sizable insider holder.

No derivative transactions were reported and no other officers joined the filing. The modest scale and automated nature suggest routine portfolio management rather than a signal of deteriorating insider confidence.

Positive

• Compliance with Rule 10b5-1 indicates the sale was pre-scheduled, reducing concerns about opportunistic trading.
• Large remaining stake of 311,698 shares keeps executive incentives aligned with shareholders.

Negative

• Insider selling by the CEO, even if small, can be perceived as a mildly negative sentiment signal.

Insights

Securities Analyst

TL;DR: Small, pre-planned insider sale; neutral impact.

The CEO’s 2,000-share disposal is immaterial (<1% of holdings) and executed under a 10b5-1 plan, reducing informational value. His remaining 312k-share position continues to align management with shareholders. Market reaction should be minimal unless accompanied by additional insider selling or negative fundamentals.

Corporate Governance Specialist

TL;DR: Governance-compliant trade, negligible signaling value.

The filing shows adherence to best practices—advance 10b5-1 plan, prompt reporting, and transparent footnotes. Size is too small to suggest strategy change. From a governance lens, insider alignment remains intact; therefore, the event is classified as not impactful.

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).

1. Name and Address of Reporting Person^*

SUEN JACOB

(Last) (First) (Middle)

C/O AIRGAIN, INC.

3611 VALLEY CENTRE DRIVE, SUITE 150

(Street)

SAN DIEGO CA 92130

(City) (State) (Zip)

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

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

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
07/18/2025

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

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

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

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	07/18/2025		S		2,000(1)	D	$5	311,698(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. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan established by the reporting person on March 12, 2025.

2. Includes restricted stock units.

	/s/ Michael Elbaz, as attorney-in-fact	07/22/2025
	** 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.

FAQ

How many Airgain (AIRG) shares did CEO Jacob Suen sell?

He sold 2,000 common shares on 18 Jul 2025.

What price did the Airgain insider receive for the shares?

The reported average sale price was about $5.00 per share.

How many Airgain shares does the CEO still own after the sale?

Jacob Suen now holds 311,698 shares, including restricted stock units.

Was the sale part of a 10b5-1 trading plan?

Yes, it was executed under a Rule 10b5-1 plan adopted on 12 Mar 2025.

Does this insider sale materially affect ownership or control of Airgain?

No. The transaction reduced Suen’s stake by only ~0.6%, leaving his significant insider position intact.