AIR T INC — Form SCHEDULE 13D/A
Filed July 17, 2026 · analyzed by the Ownership Agent
SCHEDULE 13D/A
— Neutral
significance 72/100
What the filing says
Effective July 15, 2026, AO Partners I, L.P. and its general partner AO Partners, LLC transferred sole voting and investment power over 31,931 shares of Air T common stock to Rick D. Leggott, a member/investor in the fund. The shares represent Leggott's pro rata interest in the fund's Air T holdings. The agreement permits annual or semi-annual adjustment of share count to track Leggott's indirect equity stake, with 61-day termination notice required.
Why this rating
31,931 shares ≈ 1.6% of Air T's ~2M outstanding shares; meaningful but not control-level stake. Transfer is structural/administrative (beneficial ownership reorganization) rather than economically transformative, but represents a notable shareholder governance event for a $20M market-cap company.
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