Nicholas J. Swenson - Aug 26, 2022 Form 4/A - Amendment Insider Report for AIR T INC (AIRT)

Role: CEO, Director, 10%+ Owner
Signature: /s/ Mark R. Jundt, attorney-in-fact
Stock symbol: AIRT
Transactions as of: Aug 26, 2022
Transactions value $: $21,563
Form type: 4/A - Amendment
Date filed: 4/26/2023, 12:08 PM
Date Of Original Report: Aug 30, 2022
Previous filing: Aug 8, 2022
Next filing: Apr 4, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AIRT	Common Stock	Options Exercise	$21.6K	+3.75K	+6.34%	$5.75	62.9K	Aug 26, 2022	Direct
holding	AIRT	Common Stock						973K	Aug 26, 2022	By AO Partners I, LP	F1, F2
holding	AIRT	Common Stock						94.9K	Aug 26, 2022	By Glenhurst Co.	F3
holding	AIRT	Common Stock						53.3K	Aug 26, 2022	By Groveland Capital, LLC	F4
holding	AIRT	Common Stock						170K	Aug 26, 2022	By Groveland DST, LLC	F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	AIRT	Common Stock	Options Exercise	$0	-3.75K	-100%	$0.00^*	0	Aug 26, 2022	Common Stock	3.75K	$5.75	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This amendment is being filed to correct the balance held by AO Partners I, LP. On the Form 4 filed August 30, 2022, the balance omitted prior purchases that were previously reported on a Form 4 filed on February 16, 2022.
F2	The reported securities are owned directly by AO Partners I. L.P., and indirectly by AO Partners, LLC, as General Partner of AO Partners I. L.P., and Nicholas J. Swenson as Managing Member of AO Partners, LLC. Nicholas J. Swenson disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
F3	The reported securities are owned directly by Glenhurst Co., a Minnesota corporation, wholly owned by Nicholas J. Swenson.
F4	The reported securities are owned directly by Groveland Capital, LLC and indirectly by Nicholas J. Swenson as the sole managing member and president of Groveland Capital, LLC. Nicholas J. Swenson disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
F5	The reported securities are owned directly by Groveland DST, LLC and indirectly by Nicholas J. Swenson as the sole managing member and president of Groveland DST, LLC. Nicholas J. Swenson disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.