Airborne shooter - Held ball

[Nevadaref]

JR,
You have made it clear that if the shooter is able to release the ball before returning to the floor, you do not consider any action by the defense to have met the requirements of a held ball. Therefore, your timeline for deciding whether or not a held ball occurred lasts until the shooter returns to the floor. That is certainly a reasonable way of officiating this play.

But now, with that in mind, please consider this play: A1 jumps intending to shoot. At the apex of his jump he attempts to release the ball, but because B1 puts his hand on it at this time he is unable to do so. A1 then pulls the ball back down to his hip and before returning to the floor is able to release a pass to a nearby teammate.

In this play, it is clear that B1 prevented A1 from releasing a try, but A1 was able to eventually get off a pass before returning to the floor. Big Joe would call a held ball on this play according to 4-25-2. Would you do the same or let play continue? Does it matter to you that A1 passed the ball from his hip instead of shot it as in the previous play I provided?
Basically, I am wondering if the first attempt for a try is prevented at time X, do we allow the player a second attempt to release the ball on a try or a pass at time Y (provided he has not returned to the floor), or do we call a held ball immediately at time X?