SCHEDULE 13G/A 0001244781 XXXXXXXX LIVE 2 CLASS A COMMON STOCK, $0.01 PAR VALUE PER SHARE 12/31/2025 0001487712 AIR LEASE CORPORATION 00912X302 2000 Avenue of the Stars Suite 1000N Los Angeles CA 90067 Rule 13d-1(d) Steven F. Udvar-Hazy X1 5244361 95795 5244361 95795 5340156 N 4.76 IN For items 5, 7 and 9 above, the number of shares includes 94,284 shares of Class A Common Stock underlying restricted stock units that vest within 60 days of December 31, 2025. Items 6, 8 and 9 above include shares of Class A Common Stock held directly in the aggregate by Mr. Udvar-Hazy's wife and children. Mr. Udvar-Hazy expressly disclaims beneficial ownership of these shares, and pursuant to Rule 13d-4 under the Securities Exchange Act of 1934, as amended (the "Act"), the inclusion of these shares on this Schedule 13G/A shall not be construed as an admission that Mr. Udvar-Hazy is, for the purposes of Section 13(d) or 13(g) of the Act, the beneficial owner of such shares. For item 11, this percentage is calculated based on a total of 112,129,692 shares of Class A Common Stock outstanding as of December 31, 2025. Included in this number of shares outstanding (deemed outstanding for purposes of computing the percentage of ownership for Mr. Udvar-Hazy) are 94,284 shares of Class A Common Stock underlying restricted stock units held by Mr. Udvar-Hazy that vest within 60 days of December 31, 2025. AIR LEASE CORPORATION 2000 Avenue of the Stars, Suite 1000N, Los Angeles, California 90067 Steven F. Udvar-Hazy c/o Air Lease Corporation, 2000 Avenue of the Stars, Suite 1000N, Los Angeles, California 90067 United States Y Mr. Udvar-Hazy may be deemed to beneficially own an aggregate of 5,340,156 shares of Class A Common Stock. Such aggregate share amount consists of (i) 1,127,301 shares of Class A Common Stock held directly by Mr. Udvar-Hazy; (ii) 321,350 shares of Class A Common Stock held directly by Air Intercontinental, Inc.; (iii) 71,000 shares of Class A Common Stock held directly by Ocean Equities, Inc.; (iv) 31,000 shares of Class A Common Stock held directly by Emerald Financial LLC; (v) 2,640,000 shares of Class A Common Stock held directly by the Hazy Family Community Property Trust 5/28/85, of which Mr. Udvar-Hazy is the trustee and has sole voting and investment power; (vi) 955,526 shares of Class A Common Stock held directly by the Udvar-Hazy Separate Property Trust, of which Mr. Udvar-Hazy is the trustee and has sole voting and investment power; (vii) 95,795 shares of Class A Common Stock held directly in the aggregate by Mr. Udvar-Hazy's wife and children; (viii) 3,900 shares of Class A Common Stock held by Mr. Udvar-Hazy as custodian for his grandchildren under the Uniform Transfers to Minors Act; and (ix) 94,284 shares of Class A Common Stock underlying restricted stock units that vest within 60 days of December 31, 2025. Mr. Udvar-Hazy has sole voting and investment power with respect to the shares held by Air Intercontinental, Inc., of which he is the sole stockholder and one of three directors. The remaining directors, his wife and one of his sons, disclaim beneficial ownership of the shares held by Air Intercontinental, Inc., except to the extent of their respective pecuniary interests therein. Mr. Udvar-Hazy has sole voting and investment power with respect to the shares held by Ocean Equities, Inc. A trust of which Mr. Udvar-Hazy is the trustee is the sole stockholder of Ocean Equities, Inc., and Mr. Udvar-Hazy is one of three directors. The remaining directors, his wife and one of his sons, disclaim beneficial ownership of the shares held by Ocean Equities, Inc., except to the extent of their respective pecuniary interests therein. Mr. Udvar-Hazy has sole voting and investment power with respect to the shares of Class A Common Stock held by Emerald Financial LLC. Mr. Udvar-Hazy is one of three managers of Emerald Financial LLC, together with his wife and one of his daughters. His wife disclaims beneficial ownership of the shares held by Emerald Financial LLC, except to the extent of her pecuniary interests therein. Pursuant to Rule 13d-4 under the Act, this Schedule 13G/A shall not be construed as an admission that Mr. Udvar-Hazy is, for the purposes of Section 13(d) or 13(g) of the Act, the beneficial owner of the shares of Class A Common Stock held directly by his wife and children, except to the extent of his pecuniary interest therein. See Item 11 of the Cover Page for Mr. Udvar-Hazy. See Item 5 of the Cover Page for Mr. Udvar-Hazy. See Item 6 of the Cover Page for Mr. Udvar-Hazy. See Item 7 of the Cover Page for Mr. Udvar-Hazy. See Item 8 of the Cover Page for Mr. Udvar-Hazy. N Y Y Y Y Y Y Steven F. Udvar-Hazy /s/ Steven F. Udvar-Hazy 01/22/2026