Madison Air (MAIR) officer lists 215,320 equity rights units post-IPO

Rhea-AI Filing Summary

Madison Air Solutions Corp officer Philippi Dale filed an initial ownership report on Class A common stock. The Form 3 shows beneficial ownership of 215,320 equity appreciation rights units (EAR Units), each representing the right to receive one Class A share upon vesting, contingent on continued service. The reported amount reflects Dale’s position after the closing of the company’s initial public offering.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Philippi Dale

Role See Remarks

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

Holdings After Transaction: Class A common stock — 215,320 shares (Direct)

Footnotes (1)

1. [object Object]

Key Figures

Equity appreciation rights units: 215,320 EAR Units

1 metrics

Equity appreciation rights units 215,320 EAR Units Each unit is a right to one Class A share upon vesting; reflects position after IPO closing

Key Terms

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

4 terms

equity appreciation rights units financial

"Includes 215,320 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

"Includes 215,320 equity appreciation rights units ("EAR Units")."

vesting financial

"Each EAR Unit 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.

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^*

Philippi Dale

(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	215,320(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 215,320 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 and Chief Executive Officer of AprilAire 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 this Form 3 for Philippi Dale?

Madison Air Solutions reports that officer Philippi Dale holds 215,320 equity appreciation rights units. Each unit can convert into one share of Class A common stock upon vesting, reflecting his position following the company’s initial public offering.

How many Madison Air Solutions (MAIR) equity appreciation rights units does Philippi Dale hold?

Philippi Dale holds 215,320 equity appreciation rights units in Madison Air Solutions. Each unit represents a right to receive one share of Class A common stock when vesting conditions are met, tying his potential equity directly to continued service with the company.

What is an equity appreciation rights unit (EAR Unit) at Madison Air Solutions (MAIR)?

Each equity appreciation rights unit at Madison Air Solutions represents a right to receive one share of Class A common stock upon vesting. Vesting is subject to the holder’s continued service through the applicable vesting date, aligning compensation with long-term employment and company performance.

Does this Madison Air Solutions (MAIR) Form 3 show any insider buying or selling?

The Form 3 does not show insider buying or selling activity. Instead, it reports Philippi Dale’s initial beneficial ownership of 215,320 equity appreciation rights units, reflecting his equity-linked position following the closing of Madison Air Solutions’ initial public offering.

How is Madison Air Solutions (MAIR) IPO reflected in Philippi Dale’s Form 3 holdings?

The Form 3 states that the reported 215,320 equity appreciation rights units give effect to the closing of Madison Air Solutions’ initial public offering. This means his disclosed equity-linked position is measured after the IPO structure and related adjustments are in place.