Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
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- Peter Lynch
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
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Air Industries Group (Name of Issuer) |
Common stock, par value $0.001 per share (Title of Class of Securities) |
00912N205 (CUSIP Number) |
Michael N. Taglich 37 Main Street, Cold Spring Harbor, New York, NY, 11724-1423 516 757-1500 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
01/31/2025 (Date of Event Which Requires Filing of This Statement) |
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the
Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).
SCHEDULE 13D
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| CUSIP No. | 00912N205 |
| 1 |
Name of reporting person
Michael N. Taglich | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
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| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
PF, OO | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
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| 6 | Citizenship or place of organization
UNITED STATES
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 11 | Aggregate amount beneficially owned by each reporting person
700,509.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
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| 13 | Percent of class represented by amount in Row (11)
18.0 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
IN |
Comment for Type of Reporting Person:
(1) Includes 17,120 shares issuable upon exercise of options and warrants.(2) Includes an aggregate of 219,679 shares issuable on conversion of convertible notes, exclusive of shares issuable upon interest accrued but not paid since December 31, 2020.(3) Includes 23,995 shares held by Taglich Brothers, Inc. ("Taglich Brothers"), of which the Reporting Person is a shareholder and managing director.(A) Based upon 3,660,487 shares reported outstanding as of January 31, 2025.
SCHEDULE 13D
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| Item 1. | Security and Issuer | |
| (a) | Title of Class of Securities:
Common stock, par value $0.001 per share | |
| (b) | Name of Issuer:
Air Industries Group | |
| (c) | Address of Issuer's Principal Executive Offices:
1460 FIFTH AVENUE, BAY SHORE,
NEW YORK
, 11706. | |
Item 1 Comment:
This Amendment No. 3 to the statement of Beneficial Ownership on Schedule 13D filed on August 3, 2022 (the "Statement"), relates to the common stock, $0.001 par value per share, of Air Industries Group ("Issuer").This Amendment is being filed by the Reporting Person to report changes in ownership resulting from the receipt during the period commencing August 3, 2022, and ending as of the date hereof, of shares of the Issuer in lieu of director fees and decreases in the number of shares which may be acquired by the Reporting Person as a result of the expiration of options and payment of convertible notes previously held by the Reporting Person or Taglich Brothers and sales of common stock by Taglich Brothers.Except as modified by the information provided herein, the information set forth in Item 1 of the Statement is incorporated herein by reference in response to the disclosure requirements of Item 1 of Schedule 13D. | ||
| Item 2. | Identity and Background | |
| (a) | The information set forth in Item 2 of the Statement is incorporated by reference herein in response to the disclosure requirements of Item 2 of Schedule 13D. | |
| (b) | The information set forth in Item 2 of the Statement is incorporated by reference herein in response to the disclosure requirements of Item 2 of Schedule 13D. | |
| (c) | The information set forth in Item 2 of the Statement is incorporated by reference herein in response to the disclosure requirements of Item 2 of Schedule 13D. | |
| (d) | The information set forth in Item 2 of the Statement is incorporated by reference herein in response to the disclosure requirements of Item 2 of Schedule 13D. | |
| (e) | The information set forth in Item 2 of the Statement is incorporated by reference herein in response to the disclosure requirements of Item 2 of Schedule 13D. | |
| (f) | The information set forth in Item 2 of the Statement is incorporated by reference herein in response to the disclosure requirements of Item 2 of Schedule 13D. | |
| Item 3. | Source and Amount of Funds or Other Consideration | |
The information set forth in Item 3 of the Statement is incorporated by reference herein in response to the disclosure requirements of Item 3 of Schedule 13D. | ||
| Item 4. | Purpose of Transaction | |
The information set forth in Item 4 of the Statement is incorporated by reference herein in response to the disclosure requirements of Item 4 of Schedule 13D. | ||
| Item 5. | Interest in Securities of the Issuer | |
| (a) | See rows (11) and (13) of the cover page to this Statement for the aggregate number of shares of common stock and percentage of common stock of the Issuer owned by the Reporting Person. | |
| (b) | See rows (7) through (10) of the cover page to this Statement for the number of Common Stock as to which the Reporting Person has the sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition. | |
| (c) | During the past sixty days, except for shares received in lieu of director's fees, the Reporting Person has not effected any transactions in the Issuer's Common Stock. | |
| (d) | To the best knowledge of the Reporting Person, except as to the securities owned by Taglich Brothers, no other person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities beneficially owned by the Reporting Person. | |
| (e) | Not applicable. | |
| Item 6. | Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer | |
Not applicable. | ||
| Item 7. | Material to be Filed as Exhibits. | |
Not applicable. | ||
| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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