Air Industries Group (AIRI) director & 10% owner updates stock, options and convertible note positions

Rhea-AI Filing Summary

Air Industries Group director and 10% owner updates insider holdings

AIR INDUSTRIES GROUP (AIRI) director and 10% owner Michael N. Taglich reported changes in his beneficial ownership as of December 8, 2025. He now directly holds 443,845 shares of common stock and indirectly holds 23,995 shares through Taglich Brothers, Inc., where he is Chairman and President.

He acquired 10,000 stock options with a $3 exercise price, which vest as to 5,000 shares on December 31, 2025, 2,500 shares on February 28, 2026 and 2,500 shares on May 31, 2026. The filing also lists previously granted stock options with exercise prices ranging from $3.43 to $23.8, and several 6% convertible notes that are convertible into common stock, reflecting additional potential equity exposure linked to accrued interest through December 31, 2020.

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^*

TAGLICH MICHAEL N

(Last) (First) (Middle)

C/O TAGLICH BROTHERS, INC.

37 MAIN STREET

(Street)

COLD SPRING HARBOR NY 11724

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
AIR INDUSTRIES GROUP [ AIRI ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
12/08/2025

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								443,845	D
Common Stock								23,995	I	See Note(1)

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
Stock Options	$3	12/08/2025		A		10,000		(2)	11/30/2030	Common Stock	10,000	$0	10,000	D
Stock Options	$3.75							(3)	08/31/2029	Common Stock	10,000		10,000	D
Stock Options	$3.5							(3)	05/31/2028	Common Stock	1,000		1,000	D
Stock Options	$3.43							(3)	06/30/2028	Common Stock	2,120		2,120	D
Stock Option	$8.4							(3)	04/30/2027	Common Stock	1,000		1,000	D
Stock Option	$13.2							(3)	12/31/2027	Common Stock	1,000		1,000	D
Stock Option	$23.8							(3)	12/31/2026	Common Stock	1,000		1,000	D
Stock Option	$12.8							(3)	12/31/2025	Common Stock	1,000		1,000	D
Convertible Notes(4)	$15							09/30/2018	07/01/2026	Common Stock	84,877(5)		$1,273,157(5)	D
Convertible Notes	$9.3							01/15/2019	07/01/2026	Common Stock	110,323(5)		$1,026,000(5)	D
Convertible Notes	$15							09/30/2018	07/01/2026	Common Stock	7,812(5)		$117,166(5)	D

Explanation of Responses:

1. Represents shares owned by Taglich Brothers, Inc., of which the Reporting Person is Chairman and President.

2. Vests as to 5,000 shares on December 31, 2025, 2,500 shares on February 28, 2026 and 2,500 shares on May 31, 2026.

3. Exercisable in full.

4. Represents Issuer's 6% convertible notes received pursuant to amendment to Issuer's 8% convertible notes and includes unpaid interest through December 31, 2020.

5. Includes accrued interest on the Notes through December 31, 2020 and the shares that would be issued upon conversion for the interest accrued through December 31, 2020. Does not include shares to be issued upon conversion for interest accrued after December 31, 2020.

	/s/ Michael N. Taglich	12/09/2025
	** 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 insider activity did AIRI director Michael N. Taglich report on this Form 4?

Michael N. Taglich reported his beneficial ownership of Air Industries Group (AIRI)December 8, 2025, including common stock, stock options, and convertible notes that can be turned into common shares.

How many AIRI common shares does Michael N. Taglich directly and indirectly own?

He directly owns 443,845 shares of AIRI common stock and indirectly owns 23,995 shares through Taglich Brothers, Inc., where he serves as Chairman and President.

What new stock options did Michael N. Taglich receive from Air Industries Group (AIRI)?

He received 10,000 stock options with a $3 exercise price. These options vest as to 5,000 shares on December 31, 2025, 2,500 shares on February 28, 2026, and 2,500 shares on May 31, 2026.

What other stock options are listed for Michael N. Taglich in this AIRI Form 4?

The filing lists several previously granted stock options on AIRI common stock with exercise prices of $3.75, $3.5, $3.43, $8.4, $13.2 and $23.8, with expiration dates between December 31, 2025 and August 31, 2029.

What convertible notes linked to AIRI common stock does Michael N. Taglich hold?

He holds 6% convertible notes that can be converted into AIRI common stock, including notes convertible into 84,877 shares, 110,323 shares and 7,812 shares, which amounts reflect principal plus accrued interest through December 31, 2020.

Why is Michael N. Taglich classified as a 10% owner of Air Industries Group (AIRI)?

He is identified as both a director and a 10% owner, meaning his combined direct, indirect, and derivative holdings give him beneficial ownership of at least 10% of AIRI’s equity, triggering reporting under Section 16.