[Form 4] Beyond Air, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Beyond Air (XAIR) reported an insider equity update: a director’s outstanding stock options were repriced by the board to an exercise price of $1.95 per share, effective November 4, 2025. The new price matches the closing price on November 3, 2025, and all other terms, including vesting, remain unchanged under the company’s Amended and Restated 2013 Equity Incentive Plan.

The filing lists multiple option grants adjusted from prior exercise prices of $10.80 and $5.892 to $1.95, with representative tranches of 10,000, 4,500, 2,000, 1,500, and 1,250 options now reflecting the revised strike price.

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

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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^*

Carey Robert

(Last) (First) (Middle)

C/O BEYOND AIR, INC.

900 STEWART AVENUE, SUITE 301

(Street)

GARDEN CITY NY 11530

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Beyond Air, Inc. [ XAIR ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
11/04/2025

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

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 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

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
Stock Options (Right to buy)	$10.8	11/04/2025		D(1)			4,500	(2)	(2)	Common Stock	4,500	(1)	0	D
Stock Options (Right to buy)	$1.95	11/04/2025		A(1)		4,500		(2)	(2)	Common Stock	4,500	(1)	4,500	D
Stock Options (Right to buy)	$10.8	11/04/2025		D(1)			2,000	(2)	(2)	Common Stock	2,000	(1)	0	D
Stock Options (Right to buy)	$1.95	11/04/2025		A(1)		2,000		(2)	(2)	Common Stock	2,000	(1)	2,000	D
Stock Options (Right to buy)	$10.8	11/04/2025		D(1)			1,500	(2)	(2)	Common Stock	1,500	(1)	0	D
Stock Options (Right to buy)	$1.95	11/04/2025		A(1)		1,500		(2)	(2)	Common Stock	1,500	(1)	1,500	D
Stock Options (Right to buy)	$10.8	11/04/2025		D(1)			1,250	(2)	(2)	Common Stock	1,250	(1)	0	D
Stock Options (Right to buy)	$1.95	11/04/2025		A(1)		1,250		(2)	(2)	Common Stock	1,250	(1)	1,250	D
Stock Options (Right to buy)	$10.8	11/04/2025		D(1)			1,250	(2)	(2)	Common Stock	1,250	(1)	0	D
Stock Options (Right to buy)	$1.95	11/04/2025		A(1)		1,250		(2)	(2)	Common Stock	1,250	(1)	1,250	D
Stock Options (Right to buy)	$10.8	11/04/2025		D(1)			50	(2)	(2)	Common Stock	50	(1)	0	D
Stock Options (Right to buy)	$1.95	11/04/2025		A(1)		50		(2)	(2)	Common Stock	50	(1)	50	D
Stock Options (Right to buy)	$10.8	11/04/2025		D(1)			1,250	(2)	(2)	Common Stock	1,250	(1)	0	D
Stock Options (Right to buy)	$1.95	11/04/2025		A(1)		1,250		(2)	(2)	Common Stock	1,250	(1)	1,250	D
Stock Options (Right to buy)	$5.892	11/04/2025		D(1)			10,000	(2)	(2)	Common Stock	10,000	(1)	0	D
Stock Options (Right to buy)	$1.95	11/04/2025		A(1)		10,000		(2)	(2)	Common Stock	10,000	(1)	10,000	D

Explanation of Responses:

1. On November 4, 2025, the Issuer's Board of Directors approved an option repricing, effective as of November 4, 2025, reducing the exercise price to $1.95 per share, the closing price of the Issuer's common stock on November 3, 2025. All of the other terms of the options remain unchanged.

2. This stock option award was issued pursuant to the Company's Amended and Restated 2013 Equity Incentive Plan, as amended, (the "|2013 Plan") and becomes exercisable in accordance with the vesting schedule specified in the award agreement and as previously reported on applicable Form-4, subject to the Reporting Person's continued service with the Issuer as of the applicable vesting date.

	/s/ Robert F. Carey	11/07/2025
	** 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).
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FAQ

What did Beyond Air (XAIR) disclose in this Form 4?

A director’s outstanding stock options were repriced to an exercise price of $1.95 per share, effective November 4, 2025.

What is the new exercise price for the options?

The exercise price was reduced to $1.95 per share, matching the November 3, 2025 closing price.

Did the vesting terms change for the repriced options?

No. The filing states all other terms remain unchanged and vesting continues per the award agreement under the 2013 Plan.

Which option grants were affected?

Multiple tranches originally at $10.80 and $5.892 were repriced, including representative amounts of 10,000, 4,500, 2,000, 1,500, and 1,250 options.

Under which plan were these options issued?

They were issued under the company’s Amended and Restated 2013 Equity Incentive Plan.

Who is the reporting person’s relationship to Beyond Air?

The reporting person is a Director of Beyond Air.