How is Madison Air Solutions’ (MAIR) IPO related to the 337,717 EAR Units?

The reported 337,717 EAR Units give effect to the closing of Madison Air Solutions’ initial public offering. The Form 3 clarifies that this amount reflects the officer’s equity appreciation rights position following the IPO’s completion.

Madison Air officer reports 337,717 EAR holdings

Q: What does Madison Air Solutions (MAIR) Form 3 for Overstreet Karin report?

The Form 3 reports that officer Overstreet Karin holds 337,717 equity appreciation rights units in Madison Air Solutions. These units reflect the officer’s initial beneficial ownership at the time of the company’s initial public offering and are disclosed for transparency.

Q: What are equity appreciation rights units (EAR Units) at Madison Air Solutions (MAIR)?

EAR Units are rights to receive one share of Class A common stock upon vesting. For Madison Air Solutions, 337,717 EAR Units are reported, and each unit becomes a share only if vesting conditions and continued service requirements are satisfied.

Q: How many Madison Air Solutions (MAIR) EAR Units does Overstreet Karin hold?

Overstreet Karin holds 337,717 equity appreciation rights units tied to Madison Air Solutions’ Class A common stock. This figure represents the officer’s position after the closing of the company’s initial public offering, as disclosed in the Form 3 filing footnote.

Madison Air Solutions Corp filed an initial ownership report showing officer Overstreet Karin holding 337,717 equity appreciation rights units (EAR Units).

Filing Impact

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Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

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Form Type

Rhea-AI Filing Summary

Madison Air Solutions Corp filed an initial ownership report showing officer Overstreet Karin holding 337,717 equity appreciation rights units (EAR Units). Each EAR Unit represents the right to receive one share of Class A common stock upon vesting, subject to continued service, and the reported amount reflects the closing of the company’s initial public offering.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Overstreet Karin

Role See Remarks

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

Holdings After Transaction: Class A common stock — 337,717 shares (Direct)

Footnotes (1)

F1. Includes 337,717 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.

Key Figures

Equity appreciation rights units: 337,717 EAR Units Form type: Form 3 Related corporate event: Initial public offering

3 metrics

Equity appreciation rights units 337,717 EAR Units Rights to receive Class A common stock upon vesting

Form type Form 3 Initial statement of beneficial ownership by officer

Related corporate event Initial public offering Reported EAR Units amount gives effect to IPO closing

Key Terms

equity appreciation rights units, vesting, initial public offering

3 terms

equity appreciation rights units financial

"Includes 337,717 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.

vesting financial

"represents the right to receive one share ... 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.

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does Madison Air Solutions (MAIR) Form 3 for Overstreet Karin report?

The Form 3 reports that officer Overstreet Karin holds 337,717 equity appreciation rights units in Madison Air Solutions. These units reflect the officer’s initial beneficial ownership at the time of the company’s initial public offering and are disclosed for transparency.

What are equity appreciation rights units (EAR Units) at Madison Air Solutions (MAIR)?

EAR Units are rights to receive one share of Class A common stock upon vesting. For Madison Air Solutions, 337,717 EAR Units are reported, and each unit becomes a share only if vesting conditions and continued service requirements are satisfied.

How many Madison Air Solutions (MAIR) EAR Units does Overstreet Karin hold?

Overstreet Karin holds 337,717 equity appreciation rights units tied to Madison Air Solutions’ Class A common stock. This figure represents the officer’s position after the closing of the company’s initial public offering, as disclosed in the Form 3 filing footnote.

Do the EAR Units in Madison Air Solutions (MAIR) Form 3 represent current shares?

The EAR Units do not represent current shares; they represent rights to receive shares of Class A common stock. Each of the 337,717 units converts into one share only when it vests and the officer continues service through the vesting date.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/16/2026 - 05:39 PM EDT

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^*

Overstreet Karin

(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	337,717⁽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)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	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)

Explanation of Responses:

1. Includes 337,717 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:

President of Nortek Data Center Cooling 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)

Source: View Original Filing on SEC EDGAR