Airo group holdings CEO Burns sells $3.1m in stock

Airo Group Holdings (NASDAQ:AIRO) Chief Executive Officer Joseph D. Burns sold 179,800 shares of common stock on September 12, 2025, for $17.39, totaling $3,126,722. The sale price represents a discount to the current market price of $19.83, though InvestingPro data shows the stock has fallen over 17% in the past six months amid high price volatility.

Following the transaction, Burns, through the Joe and Kim Burns Trust, still indirectly owns 1,618,202 shares. Burns is the trustee of the Trust and has sole voting and dispositive power over the shares held by it. He also directly owns 29,574 shares and indirectly owns 1,314 shares with Kim A. Burns as joint tenants with rights of survivorship. With a market capitalization of $639 million and a "Fair" financial health score according to InvestingPro, the company maintains strong gross profit margins of 66% and holds more cash than debt on its balance sheet.

The sale was executed pursuant to a Stock Repurchase Agreement between Airo Group Holdings and certain stockholders of the Issuer, dated September 7, 2025. For comprehensive insider trading analysis and 11 additional key insights about AIRO, visit InvestingPro.

In other recent news, AIRO Group Holdings, Inc. announced the successful closure of its upsized public offering, raising $89.4 million through the sale of 4,830,000 shares. This offering included the full exercise of underwriters’ options to purchase an additional 630,000 shares. Earlier, the company had priced its upsized public offering at $18.50 per share, initially expected to generate $77.7 million before expenses. AIRO Group Holdings also revealed plans to form a joint venture with Ukraine’s Nord Drone LLC to produce combat-proven unmanned aerial systems, aiming to deliver these technologies to the U.S., Ukraine, and NATO countries. Additionally, AIRO Group is set to join the Russell 2000 and 3000 indexes, marking a significant development for the company.

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