Madison Air Solutions (MAIR) director lists 11,002 equity appreciation rights post-IPO

Rhea-AI Filing Summary

Madison Air Solutions Corp director La Force Andrew Hudson III filed an initial ownership report showing holdings linked to the company’s recent public listing. The filing reports 11,002 equity appreciation rights units (EAR Units) tied to the issuer’s Class A common stock.

Each EAR Unit represents the right to receive one share of Class A common stock upon vesting, subject to the director’s continued service through the applicable vesting dates. The reported amount reflects the equity position after the closing of Madison Air Solutions Corp’s initial public offering.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider La Force Andrew Hudson III

Role Director

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

Holdings After Transaction: Class A common stock — 11,002 shares (Direct)

Footnotes (1)

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Key Figures

Equity appreciation rights units held: 11,002 EAR Units Potential Class A shares on vesting: 11,002 shares

2 metrics

Equity appreciation rights units held 11,002 EAR Units Initial beneficial ownership after IPO closing

Potential Class A shares on vesting 11,002 shares One share of Class A common stock per EAR Unit

Key Terms

equity appreciation rights units, vesting, initial public offering

3 terms

equity appreciation rights units financial

"Includes 11,002 equity appreciation rights units ("EAR Units")."

vesting financial

"Each EAR Unit represents the right to receive one share ... upon vesting"

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^*

La Force Andrew Hudson III

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

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	11,002(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 11,002 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 the Form 3 for MAIR’s director disclose?

The Form 3 for Madison Air Solutions Corp discloses director La Force Andrew Hudson III’s initial beneficial ownership. It reports 11,002 equity appreciation rights units, each linked to one share of Class A common stock, following the company’s initial public offering.

How many equity appreciation rights units does MAIR’s director hold?

Director La Force Andrew Hudson III is reported to hold 11,002 equity appreciation rights units. Each unit represents a right to receive one share of Madison Air Solutions Corp Class A common stock once vesting conditions tied to continued service are satisfied.

What are MAIR equity appreciation rights (EAR Units)?

MAIR’s equity appreciation rights units give the holder a right to receive one share of Class A common stock upon vesting. Vesting requires the reporting person to continue serving the company through the applicable vesting dates, aligning compensation with long-term company performance.

When do the MAIR EAR Units reported on Form 3 vest?

The exact schedule is not detailed here, but the Form 3 notes that each EAR Unit vests only if the reporting person continues service through the applicable vesting date. Upon vesting, each unit converts into one share of Class A common stock.

How is MAIR’s IPO related to the 11,002 EAR Units reported?

The filing states that the reported 11,002 equity appreciation rights units give effect to the closing of Madison Air Solutions Corp’s initial public offering. This means the equity position is shown on a post-IPO basis, reflecting the capital structure after the listing.