Air Lease (NYSE: AL) EVP’s shares converted in $65-per-share buyout

Rhea-AI Filing Summary

Air Lease Corporation executive vice president Kishore Korde disposed of his Class A common shares in connection with the company’s merger. On the merger’s effective date, each share of common stock was cancelled and converted into the right to receive $65.00 in cash per share.

The filing shows a disposition to the issuer of 62,853 directly held shares at $65.00 per share and several smaller indirect holdings tied to his children, for which beneficial ownership is disclaimed. In addition, 5,069 unvested restricted stock units were cancelled and converted into cash-based awards at the same per‑share price, retaining their prior vesting terms.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Korde Kishore

Role EVP

Type	Security	Shares	Price	Value
Disposition	Air Lease Corporation - Class A Common Stock	62,853	$65.00	$4.09M
Disposition	Air Lease Corporation - Class A Common Stock	716	$65.00	$47K
Disposition	Air Lease Corporation - Class A Common Stock	199	$65.00	$13K
Disposition	Air Lease Corporation - Class A Common Stock	139	$65.00	$9K

Holdings After Transaction: Air Lease Corporation - Class A Common Stock — 0 shares (Direct); Air Lease Corporation - Class A Common Stock — 0 shares (Indirect, See footnote)

Footnotes (1)

1. Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), with Sumisho Air Lease Corporation Designated Activity Company, an Irish private limited company ("Parent"), and Takeoff Merger Sub Inc., a Delaware corporation and an indirect wholly owned subsidiary of Parent ("Merger Sub"), Merger Sub merged with and into the Issuer, with the Issuer surviving as an indirect wholly owned subsidiary of Parent (the "Merger"). At the effective time of the Merger (the "Effective Time"), each issued and outstanding share of the Issuer's Class A common stock, par value $0.01 per share ("Common Stock") that was issued and outstanding as of immediately prior to the Effective Time was automatically cancelled, extinguished and converted into the right to receive $65.00 per share in cash, without interest thereon (the "Per Share Price"). The shares of Common Stock reported as disposed by the reporting person include 5,069 unvested restricted stock units ("RSUs"), which were cancelled and converted into the right to receive an amount in cash (without interest and subject to applicable withholding taxes) equal to the product of the Per Share Price and the total number of unvested RSUs (the "Converted Cash Awards"). The Converted Cash Awards are subject to the same vesting terms and conditions as applied to such RSUs immediately prior to the Effective Time. These shares are owned by one of the reporting person's children. 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 purposes. These shares are held by the reporting person as custodian for one of the reporting person's children 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.

Key Figures

Direct shares disposed: 62,853 shares Per Share Price: $65.00 per share Unvested RSUs converted: 5,069 RSUs +4 more

7 metrics

Direct shares disposed 62,853 shares Disposition to issuer at $65.00 per share on 2026-04-08

Per Share Price $65.00 per share Cash consideration for each Air Lease Class A common share in merger

Unvested RSUs converted 5,069 RSUs Cancelled and converted into cash awards at $65.00 per share equivalent

Indirect block 1 disposed 716 shares Indirect disposition to issuer at $65.00 per share

Indirect block 2 disposed 199 shares Indirect disposition to issuer at $65.00 per share

Indirect block 3 disposed 139 shares Indirect disposition to issuer at $65.00 per share

Post-transaction holdings 0 shares Total shares following each reported transaction

Key Terms

Agreement and Plan of Merger, Per Share Price, restricted stock units ("RSUs"), Converted Cash Awards, +2 more

6 terms

Agreement and Plan of Merger regulatory

"Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"),"

An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.

Per Share Price financial

"converted into the right to receive $65.00 per share in cash ... (the "Per Share Price")."

restricted stock units ("RSUs") financial

"include 5,069 unvested restricted stock units ("RSUs"), which were cancelled and converted"

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

Converted Cash Awards financial

"converted into the right to receive an amount in cash ... (the "Converted Cash Awards")."

California Uniform Transfers to Minors Act regulatory

"held by the reporting person as custodian ... under the California Uniform Transfers to Minors Act."

beneficial ownership regulatory

"expressly disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Form 4 Insider Transactions: What Each Field Means →

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

OMB Number:			3235-0287
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X

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^*

Korde Kishore

(Last) (First) (Middle)

C/O AIR LEASE CORPORATION

2000 AVENUE OF THE STARS, SUITE 1000N

(Street)

LOS ANGELES CALIFORNIA 90067

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/08/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	04/08/2026		D(1)		62,853(2)	D	$65	0	D
Air Lease Corporation - Class A Common Stock	04/08/2026		D(1)		716	D	$65	0	I	See footnote(3)
Air Lease Corporation - Class A Common Stock	04/08/2026		D(1)		199	D	$65	0	I	See footnote(4)
Air Lease Corporation - Class A Common Stock	04/08/2026		D(1)		139	D	$65	0	I	See footnote(4)

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. Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), with Sumisho Air Lease Corporation Designated Activity Company, an Irish private limited company ("Parent"), and Takeoff Merger Sub Inc., a Delaware corporation and an indirect wholly owned subsidiary of Parent ("Merger Sub"), Merger Sub merged with and into the Issuer, with the Issuer surviving as an indirect wholly owned subsidiary of Parent (the "Merger"). At the effective time of the Merger (the "Effective Time"), each issued and outstanding share of the Issuer's Class A common stock, par value $0.01 per share ("Common Stock") that was issued and outstanding as of immediately prior to the Effective Time was automatically cancelled, extinguished and converted into the right to receive $65.00 per share in cash, without interest thereon (the "Per Share Price").

2. The shares of Common Stock reported as disposed by the reporting person include 5,069 unvested restricted stock units ("RSUs"), which were cancelled and converted into the right to receive an amount in cash (without interest and subject to applicable withholding taxes) equal to the product of the Per Share Price and the total number of unvested RSUs (the "Converted Cash Awards"). The Converted Cash Awards are subject to the same vesting terms and conditions as applied to such RSUs immediately prior to the Effective Time.

3. These shares are owned by one of the reporting person's children. 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 purposes.

4. These shares are held by the reporting person as custodian for one of the reporting person's children 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.

	/s/ Lauren Jaeger, Attorney-in-Fact	04/10/2026
	** 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).
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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did AL executive Kishore Korde report on this Form 4?

Kishore Korde reported dispositions of Air Lease Class A common stock to the issuer. The transactions occurred at $65.00 per share in connection with a completed merger that converted each share into the right to receive cash instead of stock going forward.

How many Air Lease shares did Kishore Korde directly dispose of at $65 per share?

The filing shows a disposition to the issuer of 62,853 directly held Air Lease Class A common shares at $65.00 per share. These shares were cancelled and converted into a cash payment right under the merger terms described in the agreement and plan of merger.

How were Kishore Korde’s unvested RSUs in AL treated in the merger?

The filing states that 5,069 unvested restricted stock units were cancelled at closing and converted into cash-based awards. Each award equals the $65.00 per-share price multiplied by the RSUs, while keeping the same vesting schedule and conditions that applied before the merger.

What price did Air Lease (AL) shareholders receive in the Sumisho Air Lease merger?

Each issued and outstanding share of Air Lease Class A common stock was automatically cancelled in the merger and converted into the right to receive $65.00 per share in cash, without interest. This fixed per-share cash price applied uniformly to all such outstanding common shares.

How does the Form 4 describe Kishore Korde’s indirect AL share holdings?

Some disposed shares are reported as indirectly owned for one of Kishore Korde’s children, including custodial holdings under the California Uniform Transfers to Minors Act. The filing expressly disclaims beneficial ownership, except to the extent of his pecuniary interest, for these indirect positions.