Elbaz Michael 4
4 · AIRGAIN INC · Filed Mar 24, 2026
Research Summary
AI-generated summary of this filing
Airgain (AIRG) CFO Michael Elbaz Sells 12,769 Shares
What Happened
- Michael Elbaz, Chief Financial Officer of Airgain, sold 12,769 shares on 2026-03-20 at a weighted average price of $4.12, generating proceeds of about $52,598. The sale was a "sell-to-cover" to satisfy tax withholding associated with the vesting and settlement of restricted stock units (RSUs) and was executed under an instruction letter tied to Rule 10b5-1 conditions (i.e., non-discretionary).
Key Details
- Transaction date: 2026-03-20; Form 4 filed: 2026-03-24 (filed within the standard reporting window).
- Transaction type/code: Sale (S) — sell-to-cover for tax withholding.
- Shares sold: 12,769; Weighted average sale price: $4.12; Proceeds: $52,598.
- Footnotes: F1 — sale to cover tax withholding and executed under an automatic instruction/10b5-1 process; F2 — price is a broker-weighted average from a block trade executed in multiple transactions (broker can provide per-trade breakdown on request); F3 — transaction involves RSUs.
- Shares owned after the transaction: Not specified in the provided filing excerpt.
Context
- This was a routine tax-withholding sale tied to RSU vesting, not a discretionary open-market sell driven by personal trading decisions. Such sell-to-cover transactions are common for insider equity awards and generally carry less informational weight about management's view of the company's prospects than voluntary open-market purchases.
Insider Transaction Report
Form 4
AIRGAIN INCAIRG
Elbaz Michael
Chief Financial Officer
Transactions
- Sale
Common Stock
[F1][F2][F3]2026-03-20$4.12/sh−12,769$52,598→ 140,780 total
Footnotes (3)
- [F1]The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units (RSUs). The sale was to satisfy tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person. The Reporting Person has executed an instruction letter for the automatic sale of such sell to cover shares intended to satisfy the affirmative defense conditions of Rule 10b5-1.
- [F2]Represents a weighted average sales price calculated by the broker executing the sell to cover transactions. These shares were sold as part of a block trade in multiple transactions, and the Reporting Person undertakes to provide to the issuer, any security holder of the Issuer or the SEC staff, upon request, full information regarding the number of shares sold at each separate sales price.
- [F3]Includes RSUs.
Signature
/s/ Michael Elbaz|2026-03-24