Nguyen Quan (MAIR) reports 137,515 equity appreciation rights units

Rhea-AI Filing Summary

Madison Air Solutions Corp officer Nguyen Quan filed an initial ownership report showing beneficial ownership tied to Class A common stock. The filing lists 137,515 equity appreciation rights units (EAR Units), with each EAR Unit representing the right to receive one share of Class A common stock upon vesting. These units are subject to Quan’s continued service through the applicable vesting dates, and the reported amount reflects the capitalization after the company’s initial public offering.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Nguyen Quan

Role See Remarks

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

Holdings After Transaction: Class A common stock — 137,515 shares (Direct)

Footnotes (1)

1. [object Object]

Key Figures

Equity appreciation rights units: 137,515 EAR Units Total holdings entry: 1 holding entry Net buy/sell shares: 0 shares

3 metrics

Equity appreciation rights units 137,515 EAR Units Right to receive one share of Class A common stock per unit upon vesting

Total holdings entry 1 holding entry Form 3 reports a single holding entry for Class A-related EAR Units

Net buy/sell shares 0 shares Transaction summary shows neutral net buy/sell activity in this filing

Key Terms

equity appreciation rights units, EAR Units, initial public offering, Class A common stock

4 terms

equity appreciation rights units financial

"Includes 137,515 equity appreciation rights units ("EAR Units"). Each EAR Unit represents the right to receive one share"

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

"Includes 137,515 equity appreciation rights units ("EAR Units"). Each EAR Unit represents the right"

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.

Class A common stock financial

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

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

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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hours per response:			0.5

1. Name and Address of Reporting Person^*

Nguyen Quan

(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)
	See Remarks

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	137,515(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 137,515 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:

Group President of Air Quality & Home Solutions 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

What does Madison Air Solutions (MAIR) disclose in Nguyen Quan’s Form 3?

The Form 3 discloses Nguyen Quan’s initial beneficial ownership in Madison Air Solutions. It reports 137,515 equity appreciation rights units, each linked to one share of Class A common stock upon vesting, reflecting the structure after the company’s initial public offering.

How many equity appreciation rights units does Nguyen Quan hold in MAIR?

Nguyen Quan is reported to hold 137,515 equity appreciation rights units. Each unit represents the right to receive one share of Madison Air Solutions’ Class A common stock upon vesting, subject to his continued service through the applicable vesting dates specified in the award terms.

What are equity appreciation rights units (EAR Units) in the MAIR Form 3 filing?

Equity appreciation rights units in this filing are derivative awards tied to Class A common stock. Each EAR Unit gives Nguyen Quan the right to receive one share of Madison Air Solutions’ Class A common stock when it vests, if he continues providing service through the vesting date.

How are Nguyen Quan’s EAR Units related to Madison Air Solutions’ IPO?

The reported 137,515 EAR Units give effect to Madison Air Solutions’ initial public offering. This means the number of units disclosed reflects the company’s capital structure after the IPO closing, aligning Quan’s equity-linked holdings with the newly public share base.

Does the MAIR Form 3 show any stock purchases or sales by Nguyen Quan?

The Form 3 functions as an initial ownership statement and does not show explicit stock purchases or sales. It instead reports Quan’s existing position of 137,515 equity appreciation rights units tied to Class A common stock, subject to vesting and continued service conditions.