Director George Nolen awarded 5,077 equity units at Madison Air (MAIR)

Rhea-AI Filing Summary

NOLEN GEORGE reported acquisition or exercise transactions in this Form 4 filing.

Madison Air Solutions Corp director George Nolen received an equity award of 5,077 units tied to Class A common stock. The Form 4 shows a grant of 5,077 equity appreciation rights units, with no cash price per unit. Each unit gives the right to receive one share of Class A common stock if vesting conditions, including continued service through the vesting date, are met. Following this award, Nolen is reported as holding 5,077 such units directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider NOLEN GEORGE

Role null

Type	Security	Shares	Price	Value
Grant/Award	Class A common stock	5,077	$0.00	--

Holdings After Transaction: Class A common stock — 5,077 shares (Direct, null)

Footnotes (1)

1. Represents 5,077 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. Includes 5,077 EAR Units.

Key Figures

Equity units granted: 5,077 units Grant price per unit: $0.00 per unit Units after transaction: 5,077 units +1 more

4 metrics

Equity units granted 5,077 units Equity appreciation rights units awarded to director

Grant price per unit $0.00 per unit Reported transaction price for awarded units

Units after transaction 5,077 units Total equity appreciation rights units held directly after grant

Transaction date 2026-06-25 Date of equity award reported on Form 4

Key Terms

equity appreciation rights units, EAR Units, Class A common stock, vesting

4 terms

equity appreciation rights units financial

"Represents 5,077 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 5,077 EAR Units."

Class A common stock financial

"Each EAR Unit represents the right to receive 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.

vesting financial

"upon vesting, subject to the reporting person's continued service through the applicable vesting date"

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.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/29/2026 - 03:23 PM Accepted by SEC EDGAR 06/29/2026 - 03:22 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

NOLEN GEORGE

(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. Issuer Name and Ticker or Trading Symbol
Madison Air Solutions Corp [ MAIR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/25/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A common stock	06/25/2026		A		5,077(1)	A	$0	5,077(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents 5,077 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.

2. Includes 5,077 EAR Units.

Remarks:

	/s/ John Lavorato, by Power of Attorney	06/29/2026
	** 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 4 (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 4: SEC 1474 (03-26)

FAQ

What did Madison Air Solutions (MAIR) director George Nolen report on this Form 4?

Director George Nolen reported an award of 5,077 equity appreciation rights units linked to Madison Air Solutions’ Class A common stock. These units were granted at no cash cost and represent compensation rather than an open-market stock purchase.

How many Madison Air Solutions (MAIR) equity units were granted to George Nolen?

George Nolen was granted 5,077 equity appreciation rights units. According to the filing, each unit represents the right to receive one share of Madison Air Solutions’ Class A common stock, subject to vesting and continued service through the applicable vesting date.

Does George Nolen’s Form 4 show a stock purchase or a compensation award in MAIR?

The Form 4 shows a compensation award, not a market purchase. Nolen received 5,077 equity appreciation rights units at a reported price of $0.00 per unit, meaning no cash was paid; the units convert into shares only upon vesting.

What does each equity appreciation rights unit represent for MAIR shareholders?

Each equity appreciation rights unit represents the right to receive one share of Madison Air Solutions’ Class A common stock upon vesting. Vesting is contingent on the reporting person’s continued service through the applicable vesting date, aligning the award with ongoing involvement at the company.

How many Madison Air Solutions (MAIR) units does George Nolen hold after this transaction?

After this reported transaction, George Nolen is shown as holding 5,077 equity appreciation rights units. The filing notes that this total includes the newly granted 5,077 units, all held as a direct interest in Madison Air Solutions’ equity-linked compensation.