[Form 4] AerSale Corporation Insider Trading Activity

Rhea-AI Filing Summary

On 08/01/2025 AerSale Corp. (ASLE) Chief Financial Officer & Treasurer Martin Garmendia filed a Form 4 detailing new equity compensation.

• 28,553 restricted stock units (RSUs) granted at no cost; vest 1/3 each on 6/7/2026, 6/7/2027 and 6/7/2028.
• 57,938 stock options with a $5.91 exercise price; identical vesting schedule; expire 08/01/2035.

After these awards, Garmendia directly holds 187,453 common shares and 99,000 derivative securities. No shares were sold or disposed of. The filing reflects additional insider ownership alignment, but it also introduces incremental potential dilution through new share issuance.

Positive

• CFO increased direct equity exposure by 28,553 RSUs with no shares sold, reinforcing management–shareholder alignment

Negative

• Potential dilution from 28,553 RSUs and 57,938 options that could convert into common shares over time

Insights

Securities Analyst

TL;DR: Routine equity grant; signals insider commitment but modest dilution risk, overall neutral.

The grants increase the CFO’s stake without immediate cash outlay, which generally aligns management with shareholders. However, RSUs convert to common stock and options could become in-the-money, adding up to 86,491 possible new shares (RSUs+options) that may dilute existing holders over the next three years. Because the awards are part of the regular 2020 equity plan and no open-market buying occurred, the market impact should be limited. Overall, the filing is informational rather than catalytic.

Corporate Governance Expert

TL;DR: Standard incentive structure; governance compliant; limited investor impact.

The staggered three-year vesting schedule promotes retention and performance continuity, consistent with best-practice equity plans. Strike price mirrors typical option pricing mechanics and the 10-year term is conventional. No red flags around accelerated vesting or unusual terms. From a governance lens, the filing supports transparent disclosure but does not materially change the company’s risk profile.

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
Estimated average burden
hours per response:			0.5

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^*

Garmendia Martin

(Last) (First) (Middle)

9850 NW 41ST STREET, SUITE 400

(Street)

DORAL FL 33178

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
AerSale Corp [ ASLE ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/01/2025

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
Common Stock	08/01/2025		A		28,553(1)	A	$0	187,453	D

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
Stock Option (right to buy)	$5.91	08/01/2025		A		57,938		(2)	08/01/2035	Common Stock	57,938	$0	99,000	D

Explanation of Responses:

1. Represents an award of restricted stock units granted under the AerSale Corporation 2020 Equity Incentive Plan, as amended (the "Plan"), that will vest in one-third increments on each of June 7, 2026, June 7, 2027, and June 7, 2028.

2. Represents stock options granted under the Plan that will vest in one-third increments on each of June 7, 2026, June 7, 2027, and June 7, 2028.

Remarks:

Chief Financial Officer and Treasurer

	/s/ Martin Garmendia	08/05/2025
	** 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

How many AerSale (ASLE) shares did the CFO acquire?

Martin Garmendia received 28,553 restricted stock units on 08/01/2025.

What is the exercise price of the newly granted ASLE stock options?

The options carry a $5.91 exercise price and expire on 08/01/2035.

When will the RSUs and options granted on 08/01/2025 vest?

Both instruments vest in one-third increments on 6/7/2026, 6/7/2027 and 6/7/2028.

Did the CFO sell any AerSale shares in this filing?

No. The Form 4 shows no dispositions; only grants were reported.

What is the CFO’s total direct ownership after the transaction?

Garmendia now holds 187,453 common shares and 99,000 derivative securities.