Madison Air (MAIR) CFO reports 1,662,929 Class A shares and EAR Units

Rhea-AI Filing Summary

Madison Air Solutions Corp Chief Financial Officer Foley John Joseph V reported his ownership of the company’s Class A common stock. He holds 1,662,929 shares directly following this entry, including 552,752 equity appreciation rights units, each representing the right to receive one share upon vesting, subject to continued service and giving effect to the closing of the company’s initial public offering.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Foley John Joseph V

Role Chief Financial Officer

Type	Security	Shares	Price	Value
holding	Class A common stock	--	--	--

Holdings After Transaction: Class A common stock — 1,662,929 shares (Direct)

Footnotes (1)

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Key Figures

Direct Class A common shares: 1,662,929 shares Equity appreciation rights units: 552,752 units

2 metrics

Direct Class A common shares 1,662,929 shares Total shares following reported holding entry

Equity appreciation rights units 552,752 units Each unit represents right to one Class A share upon vesting

Key Terms

equity appreciation rights units, EAR Units, initial public offering

3 terms

equity appreciation rights units financial

"Includes 552,752 equity appreciation rights units ("EAR Units")."

A bundle of rights that gives the holder a claim to the increase in a company’s share price over a set period, payable in cash, shares, or a mix of both. Think of it like a ticket that pays out only if the stock goes up: it rewards recipients for generating share-price gains but can dilute existing shareholders if settled in stock or reduce company cash if paid in cash, so investors watch these grants for their impact on ownership and earnings.

EAR Units financial

"Each EAR Unit represents the right to receive one share of the Issuer's Class A common stock upon vesting"

initial public offering financial

"The reported amount gives effect to the closing of the Issuer's initial public offering."

An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.

Understanding Insider Trading Forms →

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
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1. Name and Address of Reporting Person^*

Foley John Joseph V

(Last) (First) (Middle)

C/O MADISON AIR SOLUTIONS CORPORATION

444 WEST LAKE STREET, SUITE 4460

(Street)

CHICAGO ILLINOIS 60606

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
04/16/2026

3. Issuer Name and Ticker or Trading Symbol
Madison Air Solutions Corp [ MAIR ]

3a. Foreign Trading Symbol

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

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

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

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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A common stock	1,662,929(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Includes 552,752 equity appreciation rights units ("EAR Units"). Each EAR Unit represents the right to receive one share of the Issuer's Class A common stock upon vesting, subject to the reporting person's continued service through the applicable vesting date. The reported amount gives effect to the closing of the Issuer's initial public offering.

Remarks:

Exhibit 24.1 Power of Attorney

	/s/ John Lavorato, by Power of Attorney	04/16/2026
	** 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 5 (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 3: SEC 1473 (03-26)

FAQ

How many Madison Air Solutions (MAIR) shares does the CFO report owning?

The Chief Financial Officer, Foley John Joseph V, reports ownership of 1,662,929 shares of Madison Air Solutions’ Class A common stock. This figure reflects his direct holdings following the company’s initial public offering.

What are equity appreciation rights units reported for MAIR’s CFO?

The filing notes 552,752 equity appreciation rights units held by the CFO. Each unit represents the right to receive one share of Madison Air Solutions’ Class A common stock upon vesting, conditioned on his continued service through the applicable vesting date.

How are the CFO’s EAR Units in Madison Air Solutions (MAIR) settled?

Each equity appreciation rights unit entitles the holder to one share of Class A common stock upon vesting. Settlement is contingent on the CFO’s continued service with Madison Air Solutions through the applicable vesting dates described in the award terms.

How does Madison Air Solutions’ IPO affect the CFO’s reported holdings?

The reported share amount for the CFO gives effect to the closing of Madison Air Solutions’ initial public offering. This means his total reported ownership reflects the capital structure in place immediately after the IPO’s completion.