SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 3)

AIRWA INC.

(Name of Issuer)

Common Stock, par value $0.001 per share

(Title of Class of Securities)

831445408

(CUSIP Number)

Michael Anthony Belfiore
8 Oakridge Lane,
Edgecliff Village, TX, 76134
8174484451

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

10/07/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. Checkbox not checked

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No.

831445408

Name of reporting person

Belfiore Michael Anthony

Check the appropriate box if a member of a Group (See Instructions)

(a)

(b)

SEC use only

Source of funds (See Instructions)

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

Checkbox not checked

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 70,395.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 70,395.00
10	Shared Dispositive Power 0.00

Aggregate amount beneficially owned by each reporting person

70,395.00

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in Row (11)

0.4 %

Type of Reporting Person (See Instructions)

Comment for Type of Reporting Person:

As of October 21, 2025, prior to the public announcement regarding the execution of the PIPE financing, At-the-Market (ATM) offering, and reverse stock split, I beneficially owned 3,213,095 shares of Common Stock, representing approximately 22.1% of the total outstanding reported shares.

SCHEDULE 13D

Item 1.

Security and Issuer

(a)

Title of Class of Securities:

Common Stock, par value $0.001 per share

(b)

Name of Issuer:

AIRWA INC.

(c)

Address of Issuer's Principal Executive Offices:

74 E. GLENWOOD AVE. #320, 74 E. GLENWOOD AVE. #320, SMYRNA, DELAWARE , 19977.

Item 2.

Identity and Background

(a)

Michael Anthony Belfiore

(b)

8 Oakridge Lane Edgecliff Village, Texas 76134

(c)

Private Investor

(d)

The Reporting Person has never been convicted in a criminal proceeding (excluding traffic violations).

(e)

The Reporting Person has never been subject to any judgment, decree, or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws.

(f)

United States

Item 3.

Source and Amount of Funds or Other Consideration

Personal funds in the amount of $1,045,284.78 from IRA and Brokerage accounts.

Item 4.

Purpose of Transaction

Between October 8 and October 10, 2025, the Reporting Person acquired 3,213,095 shares of Common Stock of AiRWA Inc. (the "Issuer"), relying on the last publicly reported float of 14,563,019 shares, as disclosed in the Issuer's most recent SEC filings and reflected on Nasdaq and OTCMarkets. Based on this float, the Reporting Person's holdings represented approximately 22.1% of the outstanding Common Stock. On or about October 10, 2025, the Reporting Person became aware that this level of ownership triggered reporting obligations under Sections 13(d) and 16 of the Securities Exchange Act of 1934. The Reporting Person promptly initiated compliance steps, obtained EDGAR access credentials, and filed Form 3 and Form 4 on October 15, 2025. The initial Schedule 13D was filed on October 20, 2025. The Reporting Person did not sell or rebuy shares during the period between October 10 and October 24, 2025, despite price fluctuations, based on a belief that the float was tightly held and that a potential joint venture announcement could materially increase shareholder value. The Reporting Person also calculated that, based on the Issuer's last reported shareholder equity of $27 million, a 22.1% stake implied a liquidation or merger value of approximately $6.1 million. On October 23, 2025, the Issuer disclosed that it had sold 914,503,161 shares of Common Stock in "at-the-market" transactions under a previously disclosed sales agreement with A.G.P./Alliance Global Partners dated January 8, 2025. This disclosure, made under Item 8.01 of a Form 8-K, revealed that the total outstanding shares had increased to 949,066,180-- reducing the Reporting Person's ownership to approximately 0.37%. The Reporting Person notes that the Issuer filed a Form 424B5 prospectus supplement on August 22, 2025, formally activating its ATM program. This filing confirms that the Issuer was obligated to disclose material dilution activity in real time. The Reporting Person believes that the Issuer's failure to update float disclosures or file timely Form 8-Ks following this activation represents a lapse in transparency and may warrant regulatory review under Rule 10b-5 and Regulation FD. The Reporting Person believes this dilution was material and should have been disclosed in real time. According to Gibson Dunn's July 2023 Guidance on ATM Disclosure, issuers must file a prospectus supplement under Rule 424(b) when activating an ATM program, and if the agreement is material, a Form 8-K under Item 1.01 or 8.01 must be filed within four business days. Failure to disclose ATM activity can trigger Regulation FD violations, especially when material dilution occurs without public notice. Rule 10b-5 exposure arises when ATM activity is omitted or misrepresented, misleading investors about float and share structure. ATM offerings often cause price suppression and volume spikes, which must be disclosed if material. The SEC may pursue enforcement if ATM activity is concealed or mischaracterized, and shareholders may seek restitution for dilution-induced losses tied to undisclosed ATM programs. The Reporting Person believes the Issuer's ATM activity created a false impression of float scarcity and valuation potential, which directly impacted investor decisions and market behavior. This misrepresentation distorted perceived ownership thresholds and undermined the integrity of public disclosures. The Reporting Person further notes that the Issuer's failure to update float disclosures in real time--despite ongoing ATM sales--resulted in a material disconnect between reported ownership percentages and actual shareholder dilution. This impaired the Reporting Person's ability to assess governance thresholds, voting power, and strategic influence. The Reporting Person also believes that the Issuer's silence during this dilution window--despite active ATM execution--represents a governance lapse that warrants regulatory review. The Reporting Person respectfully requests that the Securities and Exchange Commission evaluate whether the Issuer's conduct meets the standards of transparency and fairness required under federal securities laws. The Reporting Person further analyzed trading volume patterns to assess the timing and impact of the Issuer's ATM activity: Cumulative volume from January 8, 2025 to October 6, 2025 (186 trading days) was 334,498,099 shares. Stealth ATM activity not evident. Cumulative volume from October 7, 2025 to October 24, 2025 (14 trading days) was 9,444,170,070 shares. Stealth ATM activity evident. Cumulative volume from October 27, 2025 to October 29, 2025 (3 trading days) was 24,560,773 shares. Possible stealth ATM activity continues. The Reporting Person also observed unusually high trading volume between October 6 and October 24, 2025, consistent with algorithmic trading patterns commonly referred to as ALGO churning. This activity may have masked the impact of the Issuer's release of over 934 million shares during that period. The Reporting Person believes this volume distortion contributed to a false impression of float scarcity and price stability, further impairing investor awareness of material dilution. The Reporting Person is submitting this amendment to reflect the material change in ownership and to request that the Securities and Exchange Commission review the Issuer's compliance with Rule 10b-5, Regulation FD, Rule 424(b), and its obligations under Sections 13 and 16. The Reporting Person does not support the Issuer's purchase of a 30 percent stake in YYEM for $36 million. While the Reporting Person acknowledges the strategic rationale presented by the Issuer, the valuation appears excessive relative to prevailing market conditions and comparable benchmarks. This concern is raised in the interest of sound governance and responsible capital allocation. The Reporting Person previously documented this concern in Form 13D/A Amendment No. 2, Exhibit 1. The Reporting Person is not seeking control of the Issuer but is advocating for transparency, investor protection, and governance accountability on behalf of all shareholders impacted by the undisclosed dilution and the proposed capital allocation.

Item 5.

Interest in Securities of the Issuer

(a)

On 21 October 2025, the Reporting Person beneficially owned 3,213,095 shares of Common Stock representing 22.1% of the outstanding class. Today, after the PIPE, ATM, and reverse split, the Reporting Person beneficially owns 70,395 shares of Common Stock, representing approximately 0.37% of the outstanding class.

(b)

For Michael Anthony Belfiore Sole power to vote or direct the vote - 70,395 votes Shared power to vote or direct the vote - 0 votes Sole power to dispose or direct the disposition - 70,395 votes Shared power to dispose or direct the disposition - 0 votes

(c)

10/07/2025 - purchased 3,129,905 shares at $0.3205 per share from the Open Market 10/08/2025 - purchased 20,190 shares at $0.188 per share from the Open Market 10/27/2025 - purchased 6,133 shares at $2.91 per share from the Open Market 10/27/2025 - 3,213,095 shares converted to 64,262 shares at an opening price of $3.03 per share on the Open Market

(d)

No other person is known to have the right to receive or direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein.

(e)

The Reporting Person ceased to be the beneficial owner of more than five percent of the class of securities on 27 October 2025.

Item 6.

Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer

Item 6. Contracts, Arrangements, Understandings, or Relationships with Respect to Securities of the Issuer The Reporting Person has no contracts, arrangements, understandings, or relationships with respect to any securities of the Issuer except as disclosed herein. The Reporting Person has no plans to acquire additional shares or to influence control of the Issuer but reserves the right to engage in shareholder advocacy, regulatory escalation, or public commentary in response to the Issuer's governance practices and disclosure failures. The Reporting Person further reserves the right to submit supporting documentation to the Securities and Exchange Commission, including timestamped volume overlays, float recalculation models, and social media evidence of investor confusion and harm. This may include analysis of algorithmic trading patterns consistent with ALGO churning, which may have distorted price discovery and masked the impact of material dilution. These materials may be submitted to assist in any regulatory review or enforcement action related to the Issuer's disclosure practices.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Belfiore Michael Anthony

Signature:	Michael Anthony Belfiore
Name/Title:	Michael Anthony Belfiore
Date:	10/30/2025

Amendment: SEC Form SCHEDULE 13D/A filed by AiRWA Inc.