[Form 4] AIRGAIN INC Insider Trading Activity

Rhea-AI Filing Summary

AIRGAIN, Inc. director James K. Sims reported acquiring 3,734 restricted stock units (RSUs) on 10/01/2025. The RSUs were granted in lieu of cash for the third-quarter 2025 portion of the annual retainer and are described as fully vested. The filing shows a post-transaction beneficial ownership of 418,390 shares, which the filer notes includes RSUs. The Form 4 was signed by an attorney-in-fact on 10/03/2025. No cash price was paid for the RSUs ($0 listed).

Positive

• 3,734 RSUs granted and reported as fully vested, indicating immediate equity alignment
• Post-transaction beneficial ownership of 418,390 shares increases director's stake disclosure

Negative

• None.

Insights

Corporate Governance Specialist

Director received vested RSUs as compensation for Q3 2025 retainer.

The filing documents an equity-based compensation event where 3,734 RSUs were granted and are described as fully vested, replacing a cash retainer for the third quarter of 2025. This is a routine board-compensation transaction and signals alignment of the director's pay with equity rather than cash.

Because the RSUs are vested and reported with a $0 acquisition price, the transaction reflects issuance/settlement of compensation rather than a market purchase; ownership after the grant is 418,390 shares, per the report.

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

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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^*

SIMS JAMES K

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

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	10/01/2025		A		3,734(1)	A	$0	418,390(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 restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of the Issuer's common stock. The RSUs are fully vested and granted in lieu of cash payment for the third quarter portion of the 2025 annual retainer.

2. Includes RSUs.

	/s/ Michael Elbaz, as attorney-in-fact	10/03/2025
	** 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

What did AIRG director James K. Sims acquire on 10/01/2025?

He acquired 3,734 restricted stock units (RSUs) on 10/01/2025, granted in lieu of cash for the Q3 2025 retainer.

Were the RSUs vested or subject to vesting?

The filing states the RSUs are fully vested.

Did James K. Sims pay cash for the RSUs?

No cash price is shown; the transaction reports a price of $0, as the RSUs were granted in lieu of cash.

What is James K. Sims' total reported beneficial ownership after the transaction?

The Form 4 reports a post-transaction beneficial ownership of 418,390 shares, which the filer notes includes RSUs.

When was the Form 4 signed and filed?

The Form 4 bears a signature by an attorney-in-fact dated 10/03/2025.