Welcome to our dedicated page for Air T SEC filings (Ticker: AIRTP), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
air t inc. operates in two industry segments, providing air cargo services to the air express delivery industry through its wholly owned subsidiaries, mountain air cargo, inc. ("mac") & csa air, inc. ("csa"), and aviation ground support and other specialized industrial equipment products and services through its wholly owned subsidiaries, global ground support, llc ("global") & global aviation services, llc ("gas"). mac & csa provide small package overnight air freight delivery services on a contract basis throughout the eastern half of the united states, puerto rico and the caribbean. mac & csa operate approximately 90 aircraft under agreements with federal express. mac and csa operate under separate aviation certifications. mac is certified to operate under part 121 & part 135 of the regulations of the federal aviation administration . this certification permits mac to operate aircraft that can carry up to 18,000 pounds of cargo. mac's principal office, and airt's corporate headquaAir T Funding is offering up to 320,000 Alpha Income Preferred Securities at a liquidation value of $25.00 per Capital Security, representing an aggregate offering price up to $8,000,000 through an at-the-market facility with Ascendiant Capital Markets as sales agent. Sales may occur on NASDAQ or in negotiated transactions; the sales agent fee is 3.0% of gross proceeds. As of July 31, 2025, 2,130,147 Capital Securities are outstanding (including 520,000 held by subsidiaries) and 58,173 shares were sold in the 12 months ended July 31, 2025. The Capital Securities pay cumulative quarterly distributions at an annual rate of $2.00 per share (8.0% of $25), payable quarterly and defeasible for up to 20 consecutive quarters. The securities trade on NASDAQ under AIRTP, with the last reported sales price of $18.45 on August 8, 2025.
William R. Foudray, a director of Air T Inc., reported transactions dated 08/11/2025. The filing shows a sale of 12,500 shares of Common Stock, reported as a disposition. On the same date he acquired two grants of stock options: 500 options with a $30 exercise price and 500 options with a $50 exercise price, each exercisable beginning 08/06/2026 and expiring 08/06/2045, corresponding to 500 underlying shares apiece.
An explanatory note clarifies that certain unexercisable options granted in December 2020 are subject to future vesting tied to price-based tranches and testing dates; after prior expirations the total amount of outstanding options from that grant series is 1,500. The form is signed 08/14/2025. The filing contains no revenue, earnings, or percentage ownership figures.
Gary S. Kohler, a director of Air T Inc. (ticker AIRT), reported transactions dated 08/11/2025. He disposed of 20,103 shares of common stock and acquired two stock option awards of 500 shares each on the same date. The options have exercise prices of $30 and $50, become exercisable on 08/06/2026, and expire on 08/06/2045. Each option award covers 500 underlying shares and is reported as directly owned with a reported post-transaction beneficial ownership of 500 for each grant. The filing notes that previously granted unexercisable options from December 2020 are subject to price-tranche vesting and expirations and that, after prior expirations, 1,500 options remain outstanding. The form is signed and dated 08/14/2025.
Peter B. McClung, a director of Air T Inc. (AIRT), reported the acquisition of two option grants on 08/11/2025. Each grant covers 500 stock options: one with a $30 exercise price and one with a $50 exercise price. Both option series become exercisable on 08/06/2026 and expire on 08/06/2045. Following the reported transactions, Mr. McClung directly beneficially owns 500 shares tied to each grant (totaling 1,000 underlying shares reported here); the filing notes that, after prior expirations, the company currently has 1,500 options outstanding tied to earlier grants and that some earlier options are unexercisable pending future stock-price tests described in the company proxy.
Jamie Thingelstad, a director of Air T Inc. (AIRTP), reported option grants dated 08/11/2025 totaling 2,750 stock options that underlie 2,750 common shares. The grants consist of two 500‑option awards (exercise prices $30 and $50, exercisable 08/06/2026, expiring 08/06/2045) and six tranche‑style awards (exercise prices ranging from $38.23 to $61.06, exercisable beginning 06/30/2026, expiring 06/30/2041). Each tranche vests in six annual test dates with ~10% step‑ups to the exercise price and 16.67% of the grant vesting at each test date, per the company proxy referenced.
Reporting person: The Form 3 names Kennedy Tracy as the reporting person and lists a Minneapolis address. The reporter is identified as the company's CFO. The date of the event requiring the statement is 10/16/2024. The filing lists six separate stock option awards, each for 250 shares of Common Stock exercisable on 06/30/2025 and expiring on 06/30/2041, with exercise prices of $33.98, $36.78, $39.76, $42.93, $46.29, and $49.85. The filing states that after expirations tied to unmet price tranches, the total amount outstanding as of 10/16/2024 was 1,750 options. The form is signed and dated 08/14/2025.
Air T Inc. (AIRT) reporting person Trang Kennedy, identified as the company's Chief Financial Officer, reported derivative security transactions dated 08/11/2025. Two option awards were acquired the same day: 2,000 options at a $30 exercise price and 2,000 options at a $50 exercise price. Both option grants become exercisable on 08/06/2026 and expire on 08/06/2045. The Form 4 shows 2,000 shares beneficially owned following each reported transaction and indicates a cumulative outstanding option balance of 15,000 after prior expirations tied to price-based vesting tranches. The filing is signed on 08/14/2025.
Travis Jacob Swenson, a director of Air T Inc. (ticker shown as AIRT), reported transactions on Form 4 dated 08/11/2025 with a filing signature on 08/14/2025. The filing shows a disposition of 982 shares of Common Stock and two derivative transactions: two grants of stock options for 500 shares each (exercise prices listed as $30 and $50) dated 08/11/2025 that become exercisable on 08/06/2026 and expire on 08/06/2045. Following the reported option grants, the filing shows 500 underlying shares for each option grant held directly. The explanatory note states that unvested options from December 2020 remain subject to price-tranche vesting and expirations and that 1,500 options are currently outstanding after prior expirations.
Raymond E. Cabillot, a director of Air T Inc. (ticker shown as AIRT in the filing), reported changes in his beneficial ownership on a Form 4 dated 08/14/2025 for transactions dated 08/11/2025. The filing shows a disposition of 7,500 shares of common stock and newly reported acquisitions of two tranches of stock options: 500 options with $30 exercise price and 500 options with $50 exercise price, each exercisable 08/06/2026 and expiring 08/06/2045. Following the reported transactions, Mr. Cabillot directly owned 55,793 shares and held 500 shares underlying the newly acquired options. He also reports significant indirect holdings: 394,090 shares via FS Special Opportunities I, LP, 13,146 shares via Car of MN LLC, and ownership via Farnam Street Partners, L.P.
An explanatory note clarifies that certain unexercisable options granted in December 2020 remain subject to price- and time-based vesting and that after prior expirations total outstanding options are 1,500.
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