Madison Air (MAIR) CIO discloses 63,446 shares including EAR Units

Rhea-AI Filing Summary

Madison Air Solutions Corp Chief Information Officer Kristina L. Paschall filed an initial ownership report showing direct holdings of 63,446 shares of Class A common stock. This amount includes 62,096 equity appreciation rights units, each representing the right to receive one Class A share upon vesting, subject to her continued service and reflecting the closing of the company’s initial public offering.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Paschall Kristina L

Role Chief Information Officer

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

Holdings After Transaction: Class A common stock — 63,446 shares (Direct)

Footnotes (1)

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Key Figures

Direct Class A holdings: 63,446 shares Equity appreciation rights units: 62,096 units

2 metrics

Direct Class A holdings 63,446 shares Total shares following transaction for Kristina L. Paschall

Equity appreciation rights units 62,096 units Each EAR Unit represents the right to receive one Class A share upon vesting

Key Terms

equity appreciation rights units, EAR Units, initial public offering, vesting

4 terms

equity appreciation rights units financial

"Includes 62,096 equity appreciation rights units ("EAR Units"). Each EAR Unit represents the right"

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

"62,096 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.

vesting financial

"receive one share of the Issuer's Class A common stock upon vesting, subject to the reporting person's continued service"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

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
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Paschall Kristina L

(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 Information 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	63,446(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 62,096 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

What does Madison Air Solutions (MAIR) Form 3 show about Kristina Paschall?

The Form 3 shows that Kristina L. Paschall, Chief Information Officer, holds 63,446 shares of Class A common stock. This reported ownership reflects her position after Madison Air Solutions’ initial public offering and is reported as a direct holding in the company’s equity.

How many shares of MAIR Class A stock does Kristina Paschall hold?

Kristina L. Paschall is reported as holding 63,446 shares of Madison Air Solutions’ Class A common stock. This figure represents her total direct ownership following the company’s initial public offering, combining standard shares and equity appreciation rights units treated as share equivalents upon vesting.

What are the 62,096 equity appreciation rights units (EAR Units) reported for MAIR?

The 62,096 equity appreciation rights units each represent the right to receive one share of Madison Air Solutions’ Class A common stock. They convert into shares upon vesting, provided Kristina L. Paschall continues her service through the applicable vesting dates as described in the ownership footnote.

How do the EAR Units affect Kristina Paschall’s MAIR share count?

The reported 63,446-share total for Kristina L. Paschall includes 62,096 equity appreciation rights units. Because each unit corresponds to one Class A share upon vesting, they are counted in her disclosed holdings, conditioned on her continued service through the vesting dates.

What event does the MAIR Form 3 holdings disclosure give effect to?

The holdings disclosure for Kristina L. Paschall gives effect to the closing of Madison Air Solutions’ initial public offering. The footnote states that the reported amount, including the equity appreciation rights units, reflects her position after the IPO was completed.