[Form 4] AIR LEASE CORP Insider Trading Activity

Rhea-AI Filing Summary

Air Lease Corporation (AL) director and major shareholder reported several open-market sales of Class A common stock. On 11/18/2025, the reporting person sold 3,000 shares at $63.755 per share through the Udvar-Hazy Separate Property Trust. On 11/19/2025, additional sales included 8,100 shares at a weighted average price of $63.847 and 667 shares at $63.8545 through entities affiliated with the Hazy Family Community Property Trust. On 11/20/2025, sales included 11,000 shares at a weighted average $63.7282, 7,000 shares at a weighted average $63.8359, and 1,000 shares at a weighted average $63.7505, with prices reflecting multiple transactions within narrow ranges.

After these transactions, the reporting person continued to hold large indirect positions, including 1,197,558 and 1,178,458 shares in trusts noted in the filing, 329,350 shares through Air Intercontinental, Inc., and 2,700,000 shares through the Hazy Family Community Property Trust 5/28/85, along with additional family- and entity-held interests.

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^*

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)
11/18/2025

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	11/18/2025		S		3,000	D	$63.755	1,197,558	I	See footnote(1)
Air Lease Corporation - Class A Common Stock	11/19/2025		S		8,100	D	$63.847(2)	1,189,458	I	See footnote(1)
Air Lease Corporation - Class A Common Stock	11/19/2025		S		667	D	$63.8545	101,333	I	See footnote(3)
Air Lease Corporation - Class A Common Stock	11/20/2025		S		11,000	D	$63.7282(4)	1,178,458	I	See footnote(1)
Air Lease Corporation - Class A Common Stock	11/20/2025		S		7,000	D	$63.8359(5)	1,528,366	D
Air Lease Corporation - Class A Common Stock	11/20/2025		S		1,000	D	$63.7505(6)	33,745	I	See footnote(7)
Air Lease Corporation - Class A Common Stock								15,550	I	See footnote(8)
Air Lease Corporation - Class A Common Stock								19,500	I	See footnote(8)
Air Lease Corporation - Class A Common Stock								17,000	I	See footnote(9)
Air Lease Corporation - Class A Common Stock								24,500	I	See footnote(9)
Air Lease Corporation- Class A Common Stock								3,500	I	See footnote(10)
Air Lease Corporation - Class A Common Stock								3,300	I	See footnote(10)
Air Lease Corporation - Class A Common Stock								2,500	I	See footnote(10)
Air Lease Corporation- Class A Common Stock								1,300	I	See footnote(10)
Air Lease Corporation - Class A Common Stock								300	I	See footnote(10)
Air Lease Corporation - Class A Common Stock								36,000	I	See footnote(11)
Air Lease Corporation - Class A Common Stock								329,350	I	See footnote(12)
Air Lease Corporation - Class A Common Stock								2,700,000	I	See footnote(13)

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 Udvar-Hazy Separate Property Trust, of which the reporting person is the trustee.

2. The price reported in Column 4 is the weighted average sales price. These shares were sold in multiple transactions at prices ranging from $63.8301 to $63.865, 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. 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.

4. The price reported in Column 4 is the weighted average sales price. These shares were sold in multiple transactions at prices ranging from $63.72 to $63.745, 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 4 to this Form 4.

5. The price reported in Column 4 is the weighted average sales price. These shares were sold in multiple transactions at prices ranging from $63.82 to $63.85, 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 $63.75 to $63.755, 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. 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.

8. 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.

9. 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.

10. 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.

11. 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.

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

13. 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	11/20/2025
	** 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 did the Air Lease (AL) insider report in this Form 4?

The filing reports that a director of Air Lease Corporation executed several open-market sales of Class A common stock on November 18–20, 2025, at prices around the mid-$63 range.

On what dates did the Air Lease (AL) insider stock sales occur?

The reported transactions took place on 11/18/2025, 11/19/2025 and 11/20/2025, as shown in Table I of the Form 4.

What prices were received for the Air Lease (AL) shares sold?

Reported sale prices for Class A common stock include $63.755, a weighted average of $63.847, $63.8545, and weighted averages of $63.7282, $63.8359 and $63.7505, with each weighted figure based on multiple trades in tight ranges.

How many Air Lease (AL) shares does the insider still beneficially own after the sales?

After the reported transactions, the insider continues to have substantial indirect holdings, including 1,197,558 and 1,178,458 shares in trusts, 329,350 shares via Air Intercontinental, Inc., and 2,700,000 shares through the Hazy Family Community Property Trust 5/28/85.

How are family and trust holdings of Air Lease (AL) stock treated in this Form 4?

The filing explains that various blocks of shares are held by trusts, family members and custodial accounts, and in several cases the reporting person expressly disclaims beneficial ownership beyond their pecuniary interest.

Are any derivative securities reported for the Air Lease (AL) insider?

Table II for derivative securities is included but does not list specific derivative transactions or holdings in the provided excerpt.