X0508 4 2025-08-11 0000353184 AIR T INC AIRT 0001478067 Swenson Nicholas John 5000 WEST 36TH STREET SUITE 130 MINNEAPOLIS MN 55416 true true true CEO false Common Stock 62920 D Common Stock 972584 I By AO Partners I, LP Common Stock 94938 I By Glenhurst Co. Common Stock 52690 I By Groveland Capital, LLC Common Stock 169806 I By Groveland DST, LLC Stock Option 30 2025-08-11 4 A 0 4000 0 A 2026-08-06 2045-08-06 Common Stock 4000 4000 D Stock Option 50 2025-08-11 4 A 0 4000 0 A 2026-08-06 2045-08-06 Common Stock 4000 4000 D The reported securities are owned directly by AO Partners I, L.P., and indirectly by AO Partners, LLC, as General Partner of AO Partners I, L.P., and Nicholas J. Swenson as Managing Member of AO Partners, LLC. Nicholas J. Swenson disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. The reported securities are owned directly by Glenhurst Co., a Minnesota corporation. Nick Swenson is the President and sole director of Glenhurst Co. Nick Swenson directs the voting of all shares owned by Glenhurst Co. Nicholas J. Swenson disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. The reported securities are owned directly by Groveland Capital, LLC and indirectly by Nicholas J. Swenson as the sole managing member and president of Groveland Capital, LLC. Nicholas J. Swenson disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. The reported securities are owned directly by Groveland DST, LLC and indirectly by Nicholas J. Swenson as the sole managing member and president of Groveland DST, LLC. Nicholas J. Swenson disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. /s/ Nicholas J Swenson 2025-08-12