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

Company: AIR T INC
Filing Date: 2025-06-23
Form: PRE 14A
Chunk 25
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6/30/2037 
 6/30/2038 
 6/30/2039 
 6/30/2040 
 6/30/2041 |
| Tracy Kennedy         |     |                                                                            |     |                                                                                    |     | 2,500  
 2,500  
 2,500  
 2,500  
 2,500  
 2,500  
 2,500  |                                    |     | 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 
 6/30/2037 
 6/30/2038 
 6/30/2039 
 6/30/2040 
 6/30/2041 |

________________________

(1) All currently unexerciseable option awards were made under the Company’s 2020 Omnibus Stock and Incentive Plan. Under the terms of the plan, option awards were made without any corresponding transfer of consideration from the recipients.

(2) Whether any of the unexerciseable options vest, and the amount that does vest, is tied to various price tranches (six per year) corresponding to future testing dates (June 30 of each year) and the achievement of our Common Stock trading at or above the exercise price for each applicable price tranche. In the event that the market price of our Common Stock does not reach or exceed the exercise price during the 60 days immediately preceding the applicable price tranche, 100% of the applicable options associated with that price tranche expire immediately.

(3) As mentioned in Note 2 above, options granted under the Company’s 2020 Omnibus Stock and Incentive Plan vest subject to various price tranches at corresponding future testing dates. The prices listed represent the range of the six tranches for each applicable testing date. [None of the options listed in the table are vested as of June 30, 2025]

Securities Authorized for Issuance Under Equity Compensation Plans

The following table sets forth certain information as of March 31, 2025 with respect to our equity compensation plans:

| Plan category                                               |     |