Madison Air Solutions Corp (MAIR) insider lists 34,899 rights units

Rhea-AI Filing Summary

Madison Air Solutions Corp officer Kenning Michael reported initial holdings of 34,899 equity appreciation rights units (EAR Units). Each EAR Unit represents the right to receive one share of the company’s Class A common stock upon vesting, conditioned on his continued service. The reported amount reflects the impact of Madison Air Solutions Corp’s initial public offering and represents his direct beneficial interest; it does not reflect any open-market buying or selling activity.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Kenning Michael

Role See Remarks

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

Holdings After Transaction: Class A common stock — 34,899 shares (Direct)

Footnotes (1)

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Key Figures

Equity appreciation rights units: 34,899 units Potential Class A shares: 34,899 shares Reporting date: 2026-04-16

3 metrics

Equity appreciation rights units 34,899 units Reported as initial beneficial holdings giving effect to IPO

Potential Class A shares 34,899 shares Each EAR Unit represents one share upon vesting

Reporting date 2026-04-16 Date of reported holdings entry for Class A common stock

Key Terms

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

3 terms

equity appreciation rights units financial

"Includes 34,899 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.

Class A common stock financial

"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.

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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hours per response:			0.5

1. Name and Address of Reporting Person^*

Kenning Michael

(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	34,899(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 34,899 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:

Interim Chief Accounting Officer 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 did Kenning Michael report in his Form 3 for MAIR?

Kenning Michael reported beneficial ownership of 34,899 equity appreciation rights units for Madison Air Solutions Corp. Each unit can convert into one share of Class A common stock upon vesting, providing a potential future equity stake tied to his continued service.

How many Madison Air Solutions (MAIR) units does Kenning Michael hold?

He holds 34,899 equity appreciation rights units. These units give him the right to receive 34,899 shares of Madison Air Solutions Corp’s Class A common stock if they vest, aligning his compensation with the company’s equity over time.

What are equity appreciation rights units in the MAIR Form 3?

Equity appreciation rights units give the holder the right to receive shares in the future. In this case, each of the 34,899 EAR Units entitles Kenning Michael to one Class A common share of Madison Air Solutions Corp when the units vest, subject to employment conditions.

Are Kenning Michael’s MAIR holdings actual shares or rights?

They are rights, not current shares. The 34,899 equity appreciation rights units represent a right to receive an equal number of Class A common stock shares once vesting requirements are met, rather than immediate ownership of existing shares.

Does the MAIR Form 3 show any insider buying or selling by Kenning Michael?

The Form 3 does not show open-market buying or selling. It reports 34,899 equity appreciation rights units that can convert into Class A common stock upon vesting, reflecting his initial beneficial ownership position rather than recent trades.

How is Madison Air Solutions’ IPO referenced in Kenning Michael’s Form 3?

The filing states that the reported 34,899 equity appreciation rights units give effect to the closing of Madison Air Solutions Corp’s initial public offering, meaning his reported position reflects the company’s new public structure after that event.