X0306 4 2022-08-26 0 0000353184 AIR T INC AIRT 0001478067 Swenson Nicholas John 5000 W. 36TH STREET, UNIT 130 MINNEAPOLIS MN 55416 1 1 1 0 CEO Common Stock 2022-08-26 4 M 0 3750 5.75 A 62920 D Common Stock 970384 I By AO Partners I, LP Common Stock 94938 I By Glenhurst Co. Common Stock 53301 I By Groveland Capital, LLC Common Stock 169806 I By Groveland DST, LLC Common Stock 5.75 2022-08-26 4 M 0 3750 0 D 2013-08-30 2022-08-30 Common Stock 3750 0 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, wholly owned by Nicholas J. Swenson. 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/ Mark R. Jundt, attorney-in-fact 2022-08-30