AADX · Applied Aerospace & Defense, Inc.

Represents the pro rata distribution of an aggregate of 11,456,787 shares of common stock by AA&D Holdings, LP to its limited partners, including certain directors and officers of the issuer. No consideration was paid in connection with the transaction reported herein. All shares subject to such distribution remain subject to the lock-up restrictions for the benefit of the underwriters implemented in connection with the initial public offering of the issuer.

AA&D Holdings, LP is a Delaware limited partnership managed by affiliates of Greenbriar Equity Group, L.P. GB Eagle GP, LLC ("GB Eagle GP") is the general partner of AA&D Holdings, LP. Greenbriar Equity Capital V, L.P. ("Greenbriar Equity Capital") is the sole member of GB Eagle GP. Greenbriar Equity Capital is controlled by its general partner, Greenbriar Holdings V, LLC, which is managed by a board of managers (the "Board of Managers"). Voting and dispositive power of the securities held directly by AA&D Holdings, LP is exercised by majority vote of the Board of Managers, which includes Noah Roy, who also serves as a member of the issuer's board of directors. Each of the foregoing persons disclaims beneficial ownership of the securities except to the extent of its pecuniary interest therein.

The reported securities represent shares of common stock purchased by the reporting person under the directed share program in connection with the Issuer's initial public offering.

The reported securities represent shares of common stock purchased by the reporting person under the directed share program in connection with the Issuer's initial public offering.

The reported securities represent Restricted Share Units ("RSUs") granted to the Reporting Person on June 4, 2026 (the "Date of Grant"). Each RSU represents the contingent right to receive one share of the Issuer's common stock upon vesting. The RSUs will vest on the first anniversary of the Date of Grant, provided that the RSUs shall become fully vested as of the day immediately preceding the next Annual Meeting, if sooner (the earlier of such dates, the "Vesting Date"). Vesting of the RSUs is subject in all cases to the Reporting Person's continuous service to the Company as a member of the Board of Directors from the Date of Grant through the Vesting Date. With respect to each vested RSU, the Reporting Person shall receive one share of common stock within 30 days following the date on which an RSU becomes vested.

The reported securities represent shares of common stock purchased by the reporting person under the directed share program in connection with the Issuer's initial public offering.

The reported securities represent shares of common stock purchased by the reporting person under the directed share program in connection with the Issuer's initial public offering.

The reported securities represent Restricted Share Units ("RSUs") granted to the Reporting Person on June 4, 2026 (the "Date of Grant"). Each RSU represents the contingent right to receive one share of the Issuer's common stock upon vesting. The RSUs will vest on the first anniversary of the Date of Grant, provided that the RSUs shall become fully vested as of the day immediately preceding the next Annual Meeting, if sooner (the earlier of such dates, the "Vesting Date"). Vesting of the RSUs is subject in all cases to the Reporting Person's continuous service to the Company as a member of the Board of Directors from the Date of Grant through the Vesting Date. With respect to each vested RSU, the Reporting Person shall receive one share of Common Stock Share within 30 days following the date on which an RSU becomes vested.