[Form 4] AIR LEASE CORP Insider Trading Activity

Rhea-AI Filing Summary

Air Lease Corporation director Steven F. Udvar-Hazy reported a bona fide gift transfer of 60,000 shares of Class A common stock. The transaction, dated March 5, 2026, is coded as a gift, with a per-share price of $0.00, reflecting that no cash changed hands.

After this gift, one reported indirect holding shows 895,526 shares, while a separate line discloses 1,325,528 shares held directly. Additional lines list indirect positions in various amounts held through family members, trusts, and entities such as Emerald Financial LLC, Air Intercontinental, Inc., Ocean Equities, Inc., and the Hazy Family Community Property Trust.

The footnotes explain that some shares are owned by Udvar-Hazy’s spouse, children, and grandchildren, and that he expressly disclaims beneficial ownership of those family-held shares except to the extent of his pecuniary interest, even though they are reported for Section 16 purposes.

Insights

Corporate governance analyst

Form 4 shows a sizable but non-cash insider gift, with updated family and trust holdings.

The filing reports that entities associated with director Steven F. Udvar-Hazy made a bona fide gift of 60,000 Air Lease Class A shares on March 5, 2026. The transaction carries a price of $0.00 per share, underscoring that this is a transfer, not a market sale.

Post-transaction, the report lists 1,325,528 shares held directly and multiple indirect positions, including 895,526 shares in one indirect account and other blocks held through family trusts, LLCs, and corporate entities. Footnotes clarify that some shares are owned by his spouse, children, and grandchildren, with explicit disclaimers of beneficial ownership except for his pecuniary interest.

This type of filing is typically interpreted as estate or family planning rather than a valuation signal, since no shares were sold for cash. The net effect is a recorded disposition by gift, while updating how direct and indirect interests in Air Lease stock are allocated across related parties and vehicles.

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)
03/05/2026

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	03/05/2026		G		60,000(1)	D	$0	895,526	I	See footnote(2)
Air Lease Corporation - Class A Common Stock								1,325,528	D
Air Lease Corporation - Class A Common Stock								30,745	I	See footnote(3)
Air Lease Corporation - Class A Common Stock								14,050	I	See footnote(4)
Air Lease Corporation - Class A Common Stock								19,500	I	See footnote(4)
Air Lease Corporation - Class A Common Stock								10,000	I	See footnote(5)
Air Lease Corporation - Class A Common Stock								21,500	I	See footnote(5)
Air Lease Corporation - Class A Common Stock								1,300	I	See footnote(6)
Air Lease Corporation- Class A Common Stock								1,300	I	See footnote(6)
Air Lease Corporation- Class A Common Stock								1,300	I	See footnote(6)
Air Lease Corporation - Class A Common Stock								31,000	I	See footnote(7)
Air Lease Corporation - Class A Common Stock								321,350	I	See footnote(8)
Air Lease Corporation - Class A Common Stock								71,000	I	See footnote(9)
Air Lease Corporation - Class A Common Stock								2,640,000	I	See footnote(10)

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 bone fide gifts made in accordance with the Issuer's Insider Trading Policy.

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

3. 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.

4. 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.

5. 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.

6. 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.

7. 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.

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

9. 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.

10. 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.

	/s/ Lauren Jaeger, Attorney-in-Fact	03/09/2026
	** 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).
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