FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person *
Holland Hank J.

(Last) (First) (Middle)
C/O AMAERO INC.
130 INNOVATION DRIVE SW

(Street)
MCDONALD TN 37353

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
10/14/2026
3. Issuer Name and Ticker or Trading Symbol
Amaero Inc. [ AMRO ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
X Officer (give title below) Other (specify below)
Chief Executive Officer
5. 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 Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock (1) 7,459,232
I
Pegasus Growth Capital Fund I LP (2)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) (3)   (4) 10/31/2033 Common Stock 12,500 6.95 (5) D  
Stock Option (Right to Buy) (3)   (6) 10/31/2033 Common Stock 12,500 5.32 (5) D  
Stock Option (Right to Buy) (3)   (7) 11/08/2027 Common Stock 15,000 9.75 (5) D  
Stock Option (Right to Buy) (3)   (8) 11/22/2028 Common Stock 15,000 6.46 (5) D  
Explanation of Responses:
1. Reflects ownership of Chess Depositary Interests ("CDIs") traded on the Australian Securities Exchange. Each CDI is held by CHESS Depositary Nominees Pty Ltd. andI reflects a beneficial interest in 1/40th of a share of the Issuer's common stock.
2. The securities are held by Pegasus Growth Capital Fund I LP. Hank J. Holland is the Managing Member of Pegasus Growth Capital Fund I LP and holds sole voting and investment power over the above-referenced shares. Tim Johnson and Robert Latta each hold passive, non-controlling interests in Pegasus Growth Capital Fund I LP and are not deemed to have any beneficial ownership or reportable pecuniary interest in such shares.
3. All of the outstanding equity awards were granted under and subject to the terms of the Issuer's Employee Incentive Plan. Each grant reflects an option to purchase CDIs, which each are held by CHESS Depositary Nominees Pty Ltd. and reflect a beneficial interest in 1/40th of a share of the Issuer's common stock. The number of shares underlying unexercised options reflect the number of shares of common stock underlying the number of CDIs subject to each equity grant.
4. One hundred percent (100%) of the shares subject to the option vested on October 31, 2024.
5. The option awards were granted with the equivalent of a per share exercise price equal to the fair market value of one share of the Issuer's common stock on the date of grant, as determined in good faith by the Issuer's board of directors based on third-party valuations of the Issuer's common stock. Exercise price originally granted in $AUD per CDI and converted to USD per share at an exchange rate of $1 AUD for $0.7004 USD, based on the conversion rate as of the June 22, 2026 redomiciliation of the Issuer.
6. One hundred percent (100%) of the shares subject to the option vested on October 31, 2023.
7. One hundred percent (100%) of the shares subject to the option vested on October 29, 2025.
8. One hundred percent (100%) of the shares subject to the option vest on November 18, 2026.
/s/ Brett Paduch, as Attorney-in-Fact on behalf of Hank J. Holland 10/14/2026
** 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.
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ATTACHMENTS / EXHIBITS

ATTACHMENTS / EXHIBITS

ex24-10142026_101034.htm