Sec Form 4 Filing - RECCA MICHAEL E @ AIR INDUSTRIES GROUP - 2023-05-23

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person RECCA MICHAEL E 2. Issuer Name and Ticker or Trading Symbol AIR INDUSTRIES GROUP [ AIRI] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) Chief Financial Officer (Last) (First) (Middle) 1460 FIFTH AVE 3. Date of Earliest Transaction (MM/DD/YY) 05/23/2023 (Street) BAY SHORE, NY11706 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 0 D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Stock Options $ 3.43 05/23/2023 A( 1 ) 21,600 05/23/2023 06/30/2028 Common Stock 21,600 ( 1 ) 21,600 D Stock options $ 8.3 05/23/2023 D 10,000 ( 2 ) 03/31/2027 Common Stock 10,000 ( 1 ) 10,000 D Stock options $ 12.2 05/23/2023 D 12,500 ( 3 ) 07/31/2026 Common Stock 12,500 ( 1 ) 12,500 D Stock options $ 13.9 05/23/2023 D 7,500 03/24/2023 03/31/2026 Common Stock 7,500 ( 1 ) 7,500 D Stock options $ 10.3 05/23/2023 D 10,000 03/25/2022 03/31/2025 Common Stock 10,000 ( 1 ) 10,000 D Stock options $ 8.8 05/23/2023 D 9,000 01/19/2019 01/31/2024 Common Stock 9,000 ( 1 ) 9,000 D Stock options $ 14.2 05/23/2023 D 5,000 07/24/2022 07/24/2024 Common Stock 5,000 ( 1 ) 5,000 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other RECCA MICHAEL E 1460 FIFTH AVE BAY SHORE, NY11706 Chief Financial Officer Signatures /s/ Michael E. Recca 05/25/2023 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The reporting person and the issuer agreed to a stock option exchange whereby the reporting person exchanged all of his outstanding vested and unvested stock options for an immediately vested stock option to purchase a lesser number of shares than the aggregate number of shares subject to his outstanding stock options, with a modified exercise price and exercise period. ( 2 )Vests as to 3,333 shares on each of April 12, 2022 and March 31, 2023, and 3,334 shares on March 31, 2024. ( 3 )Vests in equal installments of 4,167 shares on July 30, 2021, July 31, 2022 and 4,166 shares on July 31, 2023.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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