Air Lease (AL) director files Form 4 detailing multi-day insider stock sales

Rhea-AI Filing Summary

Air Lease Corporation director reports multiple insider stock sales. Over 12/09/2025 to 12/11/2025, the reporting person sold several blocks of Air Lease Class A common stock, including 2,500 and 300 shares at $64.06 on 12/09/2025, 18,000 shares at a weighted average price of $63.9503 and 36,000 shares at $63.9856 on 12/10/2025, and additional 18,000-share blocks around $63.95–$63.98 on 12/11/2025.

After these transactions, the director continues to hold a substantial stake both directly and through various family trusts and entities. Direct beneficial ownership is reported at 1,446,366 shares, while notable indirect holdings include 1,011,658 shares in the Udvar-Hazy Separate Property Trust and 2,680,000 shares in the Hazy Family Community Property Trust 5/28/85, along with smaller positions for family members and related entities. Several family-related holdings are expressly disclaimed except for any pecuniary interest.

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

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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^*

UDVAR-HAZY STEVEN F

(Last) (First) (Middle)

C/O AIR LEASE CORPORATION

2000 AVENUE OF THE STARS, SUITE 1000N

(Street)

LOS ANGELES CA 90067

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
AIR LEASE CORP [ AL ]

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)
12/09/2025

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
Air Lease Corporation - Class A Common Stock	12/09/2025		S		2,500	D	$64.06	0	I	See footnote(1)
Air Lease Corporation - Class A Common Stock	12/09/2025		S		300	D	$64.06	0	I	See footnote(1)
Air Lease Corporation - Class A Common Stock	12/10/2025		S		18,000	D	$63.9503(2)	1,446,366	D
Air Lease Corporation - Class A Common Stock	12/10/2025		S		36,000	D	$63.9856(3)	1,011,658	I	See footnote(4)
Air Lease Corporation - Class A Common Stock	12/11/2025		S		18,000	D	$63.9502(5)	993,658	I	See footnote(4)
Air Lease Corporation - Class A Common Stock	12/11/2025		S		18,000	D	$63.9808(6)	1,428,366	D
Air Lease Corporation - Class A Common Stock	12/11/2025		S		20,000	D	$63.9562(7)	2,680,000	I	See footnote(8)
Air Lease Corporation - Class A Common Stock	12/11/2025		S		1,000	D	$63.97	31,745	I	See footnote(9)
Air Lease Corporation - Class A Common Stock	12/11/2025		S		1,000	D	$63.97	14,050	I	See footnote(10)
Air Lease Corporation - Class A Common Stock	12/11/2025		S		5,000	D	$63.98	324,350	I	See footnote(11)
Air Lease Corporation - Class A Common Stock	12/11/2025		S		3,000	D	$63.98	33,000	I	See footnote(12)
Air Lease Corporation - Class A Common Stock								19,500	I	See footnote(10)
Air Lease Corporation - Class A Common Stock								10,000	I	See footnote(13)
Air Lease Corporation - Class A Common Stock								21,500	I	See footnote(13)
Air Lease Corporation - Class A Common Stock								1,300	I	See footnote(1)
Air Lease Corporation- Class A Common Stock								1,300	I	See footnote(1)
Air Lease Corporation- Class A Common Stock								1,300	I	See footnote(1)
Air Lease Corporation - Class A Common Stock								100,000	I	See footnote(14)

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. These shares are held by the reporting person as custodian for one of the reporting person's grandchildren under the California Uniform Transfers to Minors Act. The reporting person expressly disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purpose.

2. The price reported in Column 4 is the weighted average sales price. These shares were sold in multiple transactions at prices ranging from $63.95 to $63.955, inclusive. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 2 to this Form 4.

3. The price reported in Column 4 is the weighted average sales price. These shares were sold in multiple transactions at prices ranging from $63.95 to $64.01, inclusive. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 3 to this Form 4.

4. These shares are held by the Udvar-Hazy Separate Property Trust, of which the reporting person is the trustee.

5. The price reported in Column 4 is the weighted average sales price. These shares were sold in multiple transactions at prices ranging from $63.95 to $63.952, inclusive. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 5 to this Form 4.

6. The price reported in Column 4 is the weighted average sales price. These shares were sold in multiple transactions at prices ranging from $63.98 to $63.985, inclusive. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 6 to this Form 4.

7. The price reported in Column 4 is the weighted average sales price. These shares were sold in multiple transactions at prices ranging from $63.94 to $63.97, inclusive. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 7 to this Form 4.

8. These shares are held by the Hazy Family Community Property Trust 5/28/85, of which the reporting person is the trustee and beneficial owner.

9. These shares are owned by the reporting person's wife. The reporting person expressly disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed to be an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purpose.

10. These shares are owned by one of the reporting person's daughters. The reporting person expressly disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed to be an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purpose.

11. These shares are held by Air Intercontinental, Inc., of which the reporting person is the sole stockholder.

12. These shares are held by Emerald Financial LLC. A separate trust for each of the reporting person's four children owns 25% of the membership interests of Emerald LLC. Inclusion of these shares in this report shall not be deemed to be an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purpose.

13. These shares are owned by one of the reporting person's sons. The reporting person expressly disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purpose.

14. These shares are held by Ocean Equities, Inc. which is 100% owned by the Hazy Family Community Property Trust 5/28/85 of which the reporting person is the trustee and beneficial owner.

	/s/ Lauren Jaeger, Attorney-in-Fact	12/11/2025
	** 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 transaction did Air Lease (AL) disclose in this Form 4?

The filing reports that a director of Air Lease Corporation sold multiple blocks of Class A common stock between 12/09/2025 and 12/11/2025, with sales generally executed around $64 per share.

On what dates did the Air Lease (AL) director sell shares and at what prices?

Reported sales occurred on 12/09/2025, 12/10/2025, and 12/11/2025. Examples include 2,500 and 300 shares at $64.06 on 12/09/2025, 18,000 shares at a weighted average price of $63.9503 and 36,000 shares at $63.9856 on 12/10/2025, plus several 18,000-share blocks around $63.95–$63.98 on 12/11/2025.

How many Air Lease (AL) shares does the director own directly after these sales?

Following the reported transactions, the director shows 1,446,366 shares of Air Lease Class A common stock as directly beneficially owned.

What indirect Air Lease (AL) holdings are reported for the director?

Indirect holdings include 1,011,658 shares held by the Udvar-Hazy Separate Property Trust and 2,680,000 shares held by the Hazy Family Community Property Trust 5/28/85, along with smaller positions held for family members and related entities.

Are any of the family-related Air Lease (AL) holdings disclaimed by the director?

Yes. Shares held for a grandchild, a daughter, a son, and the director's wife are reported with language that the director expressly disclaims beneficial ownership except to the extent of any pecuniary interest.

Does this Form 4 involve any derivative securities of Air Lease (AL)?

The section for derivative securities appears in the form, but no specific derivative transactions or holdings are listed in the provided excerpt.

Who signed the Air Lease (AL) insider report and on what date?

The Form 4 is signed by /s/ Lauren Jaeger, Attorney-in-Fact, dated 12/11/2025.