X0306 4 2021-08-05 0 0001590364 Fortress Transportation & Infrastructure Investors LLC FTAI 0001371020 Adams Joseph P. Jr. 1345 AVENUE OF THE AMERICAS, 45 FL NEW YORK NY 10105 1 1 0 0 CEO and Chairman Common Shares 2021-08-05 4 M 0 70000 18.65 A 244828 D Common Shares 2021-08-05 4 M 0 12634 15.83 A 257462 D Common Shares 2021-08-05 4 F 0 54846 27.45 D 202616 D Stock Option (right to buy) 18.65 2021-08-05 4 M 0 70000 0.00 D 2028-01-16 Common Shares 70000 0 D Stock Option (right to buy) 15.83 2021-08-05 4 M 0 12634 0.00 D 2028-12-06 Common Shares 12634 0 D No shares were sold. Reflects deemed surrender of shares to satisfy the exercise price due upon exercise of the associated options. Tandem awards correspond on a one-to-one basis with options granted to FIG LLC, the Company's manager (or an affiliate of the Company's manager), such that exercise by an employee of the tandem award would result in the corresponding option held by the manager being cancelled. Upon the grant of options to the manager (or an affiliate), such options are fully vested and become exercisable over a 30-month period (the "Total Exercisability Period") in monthly installments beginning on the first of each month following the month in which the options were granted. (Continued in Footenote 3) When tandem awards are granted with respect to manager options, the manager options become exercisable in monthly installments over a portion of the Total Exercisability Period equal to the product of (i) the ratio of tandem awards to the total number of related options (including options underlying such tandem awards) multiplied by (ii) 30 (such period, the "Manager Exercisability Period"). Following the Manager Exercisability Period, the tandem awards vest in monthly installments on the first of each month over the remainder of the Total Exercisability Period and become exercisable only at the end of the Total Exercisability Period. Represents the expiration date of the related manager option. In general, the expiration date of the tandem award occurs prior to the expiration date of the underlying option. /s/ Cameron D. MacDougall, as Attorney-in-Fact 2021-08-09