Bristow Group (VTOL) — Solus Alternative Asset Mgmt Sells Shares

What Happened
Solus Alternative Asset Management LP (an investment manager reporting on behalf of funds/accounts it manages) sold a total of 27,086 shares of Bristow Group Inc. (VTOL) in open-market transactions between Sept 1–3, 2026. The sales were: 15,000 shares on 2026-09-01 at a weighted average price of $45.85 ($687,821); 12,045 shares on 2026-09-02 at $45.68 ($550,253); and 41 shares on 2026-09-03 at $45.75 ($1,876). Total proceeds are about $1.24 million. These were outright sales (not purchases) and are typically considered routine dispositions by an institutional manager.

Key Details

• Transaction dates and reported prices:
  • 2026-09-01: 15,000 shares @ $45.85 — $687,821
  • 2026-09-02: 12,045 shares @ $45.68 — $550,253
  • 2026-09-03: 41 shares @ $45.75 — $1,876
• Price ranges: reported as weighted averages; the trades were executed at prices ranging roughly from $45.60 to $46.00 (see footnotes F3–F4 for per-trade ranges and breakdowns).
• Shares owned after transaction: Not specified in the provided filing extract.
• Footnotes of note:
  • F1: The shares are held by funds/accounts ("Clients") managed by Solus; those Clients disclaim beneficial ownership and Solus elected to file the Form 4 even though, under Rule 16a-1(a)(1), the reporting persons are not deemed to beneficially own the securities.
  • F2: Reporting persons jointly filed this Form 4.
  • F3/F4: Explain weighted-average pricing ranges and offer to provide per-price breakdowns on request.
• Filing timeliness: Form 4 was filed on 2026-09-03 for transactions dated Sept 1–3; the filing appears to be timely under standard Form 4 reporting rules.

Context
These sales were made by an institutional manager on behalf of client funds, not by an individual company insider or executive. Such institutional disposals can reflect portfolio rebalancing or cash needs and are not direct indicators of management sentiment about Bristow. The filing is informational and factual; it does not state the manager’s reasons for selling.