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AIRGAIN (NASDAQ: AIRG) CFO receives new stock options and RSU awards

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

AIRGAIN INC Chief Financial Officer Michael Elbaz reported equity compensation awards. He received a stock option for 60,447 shares of common stock at an exercise price of $4.02 per share, expiring on March 14, 2036. The option vests 25% on March 15, 2027, with the remainder vesting in equal monthly installments over the following three years, subject to continued service and potential acceleration under his employment agreement.

Elbaz also acquired 10,774 fully vested restricted stock units and 9,669 restricted stock units that vest in substantially equal installments on each of March 15, 2027, March 15, 2028, March 15, 2029, and March 15, 2030, also subject to continued service and possible acceleration. Following these grants, he directly holds 153,549 shares of common stock. These awards are compensation-related acquisitions, not open-market purchases or sales.

Positive

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Negative

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Insider Elbaz Michael
Role Chief Financial Officer
Type Security Shares Price Value
Grant/Award Stock Option (Right to Buy) 60,447 $0.00 --
Grant/Award Common Stock 10,774 $0.00 --
Grant/Award Common Stock 9,669 $0.00 --
Holdings After Transaction: Stock Option (Right to Buy) — 60,447 shares (Direct); Common Stock — 143,880 shares (Direct)
Footnotes (1)
  1. Represents restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. The restricted stock units are fully vested. Includes Restricted Stock Units. Represents restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. The restricted stock units shall vest in substantially equal installments on each of the March 15, 2027; March 15, 2028; March 15, 2029; and March 15, 2030, subject to the reporting person's continued service to the Issuer through each such vesting date. The restricted stock units will be subject to acceleration as provided in the reporting person's employment agreement. The option is exercisable as it vests. 25% of the shares subject to the option vest on March 15, 2027, and 1/48th of the total number of shares subject to the option vest monthly thereafter, subject to the reporting person's continued service to the Issuer through each such vesting date. The option will be subject to acceleration as provided in the reporting person's employment agreement.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 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
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Elbaz Michael
(Last) (First) (Middle)
C/O AIRGAIN, INC.
3611 VALLEY CENTRE DRIVE, SUITE 150
(Street)
SAN DIEGO CA 92130
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
AIRGAIN INC [ AIRG ] 		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
3. Date of Earliest Transaction (Month/Day/Year)
03/15/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 03/15/2026 A 10,774(1) A $0 143,880(2) D
Common Stock 03/15/2026 A 9,669(3) A $0 153,549(2) 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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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 (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (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: 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 Option (Right to Buy) $4.02 03/15/2026 A 60,447 (4) 03/14/2036 Common Stock 60,447 $0 60,447 D
Explanation of Responses:
1. Represents restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. The restricted stock units are fully vested.
2. Includes Restricted Stock Units.
3. Represents restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. The restricted stock units shall vest in substantially equal installments on each of the March 15, 2027; March 15, 2028; March 15, 2029; and March 15, 2030, subject to the reporting person's continued service to the Issuer through each such vesting date. The restricted stock units will be subject to acceleration as provided in the reporting person's employment agreement.
4. The option is exercisable as it vests. 25% of the shares subject to the option vest on March 15, 2027, and 1/48th of the total number of shares subject to the option vest monthly thereafter, subject to the reporting person's continued service to the Issuer through each such vesting date. The option will be subject to acceleration as provided in the reporting person's employment agreement.
/s/ Michael Elbaz 03/17/2026
** Signature of Reporting Person Date
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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What equity awards did AIRG CFO Michael Elbaz receive in this Form 4?

AIRGAIN INC CFO Michael Elbaz received a stock option for 60,447 shares at $4.02 per share and two restricted stock unit grants totaling 20,443 units. These compensation awards increase his potential ownership without involving open-market buying or selling.

How do the new stock options for AIRG CFO Michael Elbaz vest?

The option for 60,447 shares vests 25% on March 15, 2027, with the remaining shares vesting in equal monthly installments over the following three years. Vesting depends on his continued service and may accelerate under his employment agreement.

What are the terms of the restricted stock units granted to AIRG’s CFO?

Michael Elbaz received 10,774 fully vested restricted stock units and 9,669 time-based units. The 9,669 units vest in substantially equal installments on March 15 of 2027, 2028, 2029, and 2030, subject to continued service and possible acceleration provisions.

Did AIRG CFO Michael Elbaz buy or sell shares on the market in this filing?

No, the Form 4 shows only compensation-related acquisitions, not open-market trades. The transactions are grants of stock options and restricted stock units with zero purchase price, rather than discretionary market purchases or sales of AIRGAIN INC common stock.

How many AIRGAIN INC common shares does the CFO hold after these grants?

After these awards, Michael Elbaz directly holds 153,549 shares of AIRGAIN INC common stock. This figure includes the additional 10,774 fully vested restricted stock units and 9,669 time-based restricted stock units disclosed in the Form 4 filing.

When do the AIRGAIN INC CFO’s restricted stock units fully vest?

Of the newly granted restricted stock units, 10,774 are already fully vested. The remaining 9,669 vest in substantially equal installments on March 15 of 2027, 2028, 2029, and 2030, contingent on his continued employment and subject to potential acceleration.