{"url_path":"/sec/airi/10-k/2026/item-12","section_key":"item-12","section_title":"Item 12 SECURITY OWNERSHIP OF CERTAIN BENEFICIAL","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-03-27","source_url":"https://www.sec.gov/Archives/edgar/data/1009891/0001213900-26-035731-index.html","accession_number":"0001213900-26-035731","cik":"0001009891","ticker":"AIRI","issuer_name":"AIR INDUSTRIES GROUP","edgar_url":"https://www.sec.gov/Archives/edgar/data/1009891/0001213900-26-035731-index.html","primary_entity_key":"0001009891","primary_entity_name":"AIR INDUSTRIES GROUP"},"word_count":768,"has_tables":true,"body_markdown":"**ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL\nOWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS**\n\n \n\nThe following table sets forth information known\nto us regarding beneficial ownership of our Common Stock as of March 25, 2026 by (i) each person known by us to own beneficially more\nthan 5% of our outstanding Common Stock, (ii) each of our directors, (iii) our Chief Executive Officer and Principal Financial Officer,\nour only executive officers, and (iii) all of our directors and executive officers as a group.\n\n \n\nExcept as otherwise indicated, we believe, based\non information provided by each of the individuals named in the table below, that such individuals have sole investment and voting power\nwith respect to such shares, subject to community property laws, where applicable. As of March 25, 2026, we had outstanding 4,781,054\nshares of Common Stock. Except as stated in the table, the address of the holder is c/o our company, 1460 Fifth Avenue, Bay Shore, New\nYork 11706.\n\n \n\n**Directors and Executive Officers:** \nNumber of\nShares\nBeneficially\nOwned  \nPercent \n\nMichael N. Taglich \n 694,634(1)  \n 13.84%\n\nRobert F. Taglich \n 492,423(2)  \n 9.88%\n\nPeter D. Rettaliata \n 84,951(3)  \n 1.76%\n\nDavid Buonanno \n 40,722(4)  \n   * \n\nMichael Brand \n 44,170(5)  \n   * \n\nMichael Porcelain \n 155,818(6)  \n 3.20%\n\nScott Glassman, Acting Chief Executive Officer and President \n 60,918(7)  \n 1.26%\n\nAll Directors and Executive Officers as a group (7 persons owning shares) \n 1,573,636(8)  \n 28.67%\n\nBrian Drisgula, Vice President of Finance\n\n \n \n\n-\n\n \n \n \n\n*\n\n \n\n \n \n \n \n \n \n \n \n \n\n**Beneficial Ownership of More than 5% of Shares:**\n \n \n \n \n \n \n \n \n\nCharles L. Frischer\n \n \n444,998\n(9)\n \n \n9.31\n%\n\nStar Equity Fund and Jeffery E. Eberwein\n \n \n285,000\n(10)\n \n \n5.96\n%\n\n \n\n*\nLess than 1%\n\n  \n\n(1)\nIncludes shares owned by Mr. Taglich, 203,012 shares he may acquire upon conversion of convertible notes, but excluding shares for accrued interest thereon, 12,159 shares that he may acquire upon exercising RSUs and 23,620 shares he may acquire upon exercise of options, in each case exercisable within 60 days.\n\n \n\n(2)\nIncludes shares owned by Mr. Taglich, 168,907 shares he may acquire upon conversion of convertible notes, but excluding shares for accrued interest thereon, 12,159 shares he may acquire upon exercising RSUs and 23,620 shares he may acquire upon exercise of options, in each case exercisable within 60 days.\n\n \n\n(3)\nIncludes 12,159 shares he may acquire upon converting RSUs and 46,640 shares he may acquire upon exercise of options exercisable within 60 days.\n\n \n\n(4)\nIncludes 12,159 shares he may acquire upon converting RSUs and 23,760 shares he may acquire upon exercise of options exercisable within 60 days.\n\n \n\n(5)\nIncludes 12,159 shares he may acquire upon converting RSUs and 25,760 shares he may acquire upon exercise of options exercisable within 60 days.\n\n \n\n43\n\n \n\n \n\n(6)\nIncludes 60,791 shares he may acquire upon converting RSUs and 23,760 shares he may acquire upon exercise of options exercisable within 60 days.\n\n \n \n\n(7)\nIncludes 32,586 shares he may acquire upon converting 12,159 RSUs and upon 20,427 RSUs vesting within 60 days. Includes 16,350 shares he may acquire upon exercise of options exercisable within 60 days.\n\n \n \n\n(8)\nIncludes 371,919 shares that may be acquired upon conversion of convertible notes, and 182,510 shares that may be acquired upon exercise of options, in each case exercisable within 60 days.\n\n \n \n\n(9)\nThe share information set forth below is based on the Schedule 13D filed with the SEC and the Company on March 23, 2026 reflecting ownership as of that date. The beneficial ownership percentage set forth below is based upon 4,781,054 shares outstanding as of March 25, 2026.\n\n \n\n \n\n  \nSole\nVoting\nPower  \nShared\nVoting Power  \nSole\nDispositive\nPower  \nShared\nDispositive\nPower  \nTotal  \nPercent \n\nCharles L. Frischer \n 444,998  \n —  \n 444,998  \n —  \n 444,998  \n 9.31%\n\n \n\nThe address for Charles L. Frischer is 3156 East Laurelhurst Drive,\nNE, Seattle, WA 98105.\n\n \n\n(10)\nThe share information set forth below is based on the Schedule 13D filed with the SEC and the Company on January 21, 2026 reflecting ownership as of that date. The beneficial ownership percentage set forth below is based upon 4,781,054 shares outstanding as of March 25, 2026.\n\n \n\n  \nSole\nVoting\nPower  \nShared\nVoting Power  \nSole\nDispositive\nPower  \nShared\nDispositive\nPower  \nTotal  \nPercent \n\nStar Equity Holdings, Inc \n —  \n 85,000  \n —  \n —  \n 85,000  \n 1.78%\n\nStar Operating Companies, Inc. \n -  \n 85,000  \n -  \n 85,000  \n 85,000  \n 1.78%\n\nStar Equity Fund, LP \n -  \n 85,000  \n -  \n 85,000  \n 85,000  \n 1.78%\n\nStar Equity Fund, GP, LLC \n -  \n 85,000  \n -  \n 85,000  \n 85,000  \n 1.78%\n\nStar Investment Management, LLC \n -  \n 85,000  \n -  \n 85,000  \n 85,000  \n 1.78%\n\nStar Value Investments, LLC \n -  \n 85,000  \n -  \n 85,000  \n 85,000  \n 1.78%\n\nJeffrey E. Eberwein \n 200,000  \n 85,000  \n 200,000  \n 85,000  \n 285,000  \n 5.96%\n\n \n\nThe address for Star Equity, Star Operating Companies, Star Equity\nFund, Star Equity GP, Star Investment Management, Star Value Investments and Mr. Jeffrey E. Eberwein is 53 Forest Avenue, Suite 101, Old\nGreenwich, Connecticut 06870."}