Company: AIRTP
Filing Date: 2025-07-03
Form Type: DEF 14A
Source: 0000353184-25-000055
Chunk: 24

Company: AIR T INC
Filing Date: 2025-07-03
Form: DEF 14A
Chunk 24
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 — |     | $          |      — |         |           |       — |     |              | — |     | $                |      — |     | $                                          | — |     | $                          |       — |     |           |         |

(1) These amounts represent the aggregate grant date value of awards under Accounting Standards Codification Topic 718, Compensation - Stock Compensation . The assumptions used in calculating the fair value of these stock awards can be found under Note 16 to the Financial Statements in the Company’s Annual Report on Form 10-K for the year ended March 31, 2022 and have no relation to amounts or periods in which earnings may be reported in the Named Executive Officer’s W-2.

(2) Mr. Ochocki was the Company’s Chief Financial Officer until September 3, 2024; Mrs. Kennedy was appointed as the Company’s interim Chief Financial Officer on September 3, 2024 and the Chief Financial Officer on October 16, 2024.

<div align='center'>Outstanding Equity Awards at Fiscal Year End Table</div>

The following table sets forth information about outstanding equity awards held by our Named Executive Officers as of June 30, 2025.

<div align='center'>17</div>

| Option/Warrant Awards |     |                                                                            |     |                                                                                    |     |        |                                    |     |                |                                |     |           |
|                       |     | Number of Securities Underlying Unexercised Options/Warrants 

# Exercisable |     | Number of Securities Underlying Unexercised Options/Warrants # Unexercisable(1)(2) |     |        | Option/Warrant Exercise Price $(3) |     |                | Option/Warrant Expiration Date |     |           |
| Nick                  
 Swenson               |     |                                                                            |     |                                                                                    |     | 20,000 
 20,000 
 20,000 
 20,000 
 20,000 
 20,000 
 20,000 |                                    |     | 33.98 - 49.85  
 38.23 - 61.06  
 43.01 - 74.80  
 48.38 - 91.63  
 54.43 - 112.25 
 61.23 - 137.51 
 68.89 - 168.45 | 6/30/2035                      
 6/30/2036                      
 6/30/