Company: AIRTP
Filing Date: 2025-06-23
Form Type: PRE 14A
Source: 0000353184-25-000035
Chunk: 19

Company: AIR T INC
Filing Date: 2025-06-23
Form: PRE 14A
Chunk 19
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 |                                                                           |     |      — |            |       | — |
| Nick Swenson                                                                   |     | President, Chief Executive Officer and Chairman of the Board        |     | (4)1,352,938                                                              |     |        |            | 50.06 | % |
| All current directors, nominees, and executive officers as a group (8 persons) |     |                                                                     |     | (3)(4)1,869,802                                                           |     |        |            | 69.38 | % |

| * Represents less than one percent (1.0%). |

| (1) |     | Beneficial ownership has been determined in accordance with Rule 13d-3 under the Exchange Act. Includes 0 shares which the following executive officers and directors have the right to acquire within 60 days through the exercise of stock options issued by Air T. |

| (2) |     | Based on a total of 2,702,639 Shares of the Company’s common stock issued and outstanding as of May 31, 2025. |

| (3) |     | Includes 394,090 shares held by Farnam Street Partners, L.P., 55,793 shares held by FS Special Opportunities Fund I, LP, and 13,146 shares held by Car of MN, LLC. Mr. Cabillot is an officer of FSC, the general partner of Farnam Street Partners, L.P. and FS Special Opportunities Fund I, L.P. and the managing member of Car by MN, LLC. Messrs. Cabillot and Peter O. Haeg, as officers of FSC, the general partner of the Farnam Funds, share voting and dispositive power over all of the shares of Company common stock held by the Farnam Funds. Mr. Cabillot and Mr. Haeg individually own 20,646 shares and 10,000 shares of Company common stock, respectively. |

| (4) |     | Includes shares held by AO Partners I, L.P. (“AO Partners Fund”) and indirectly by AO Partners, LLC (“AO Partners”) as General Partner. AO Partners Fund and AO Partners have shared power to direct the voting and disposition of 972,584 shares. Nick Swenson as Manager of AO Partners disclaims beneficial ownership of such shares, except as to his pecuniary interest therein. Nick Swenson has sole power to direct the voting and disposition of 157,858 shares held directly and by Glenhurst Co