AE INDUSTRIAL PARTNERS FUND II, LP 4
4 · Redwire Corp · Filed May 20, 2026
Research Summary
AI-generated summary of this filing
Redwire (RDW) Director AE Red Holdings Sells & Converts Shares
What Happened
AE Red Holdings, LLC (reported as a Director-related holder) converted 15,247,586 shares of common stock via a derivative conversion at $3.05 per share (value $46,505,137) and concurrently sold large blocks of common stock in open‑market/private transactions on May 18, 2026. The sales consisted of 5,659,509 shares (weighted avg. $14.50; range $13.01–$15.80) and 9,588,077 shares at $13.30, generating proceeds of approximately $209.6 million in aggregate. The filing also reports a separate derivative disposition of 46,505.13 shares (reported at $0.00, per the Form 4’s derivative line).
Key Details
- Transaction date: May 18, 2026; Form 4 filed May 20, 2026 (appears timely).
- Conversions (acquired): 15,247,586 shares @ $3.05 each = $46,505,137.
- Sales (disposed): 5,659,509 shares @ weighted $14.50 (range $13.01–$15.80) = $82,062,881; 9,588,077 shares @ $13.30 = $127,521,424. Total sale proceeds ≈ $209,584,305.
- Reported derivative disposal: 46,505.13 shares reported as disposed at $0.00 (related to Series A Convertible Preferred mechanics).
- Shares owned after transaction: not stated in the information provided in your summary.
- Notable footnotes: conversions relate to Series A Convertible Preferred Stock (dividend accrual, paid‑in‑kind feature, conversion optionality, anti‑dilution protections). Filers disclaim beneficial ownership except to the extent of pecuniary interest; voting/dispositive power is held via AE Industrial Partners entities and named managing members (see footnotes F1–F7).
- Filing timeliness: filed two days after the transaction date, consistent with Section 16 timing requirements.
Context
- The conversion was a derivative transaction (preferred → common) at a fixed conversion price subject to anti‑dilution adjustments; this is not an open‑market purchase but an exercise/convert event that increased common shares owned (and then some shares were sold).
- The large open‑market/private sales were reported as ordinary dispositions and do not by themselves indicate the holder’s view of the company; the combination of conversion plus immediate sales is commonly used for liquidity/portfolio management by institutional holders.
- AE Red Holdings is controlled through AE Industrial Partners funds and related entities (institutional investor), not disclosed as an individual executive trade.
Insider Transaction Report
Form 4
Redwire CorpRDW
AE RED HOLDINGS, LLC
Director
Transactions
- Conversion
Common Stock, par value $0.0001 per share
[F1][F2]2026-05-18$3.05/sh+15,247,586$46,505,137→ 15,376,026 total(indirect: See footnotes) - Sale
Common Stock, par value $0.0001 per share
[F3][F1][F2]2026-05-18$14.50/sh−5,659,509$82,062,881→ 9,716,517 total(indirect: See footnotes) - Sale
Common Stock, par value $0.0001 per share
[F4][F1][F2]2026-05-18$13.30/sh−9,588,077$127,521,424→ 128,440 total(indirect: See footnotes) - Conversion
Series A Convertible Preferred Stock
[F5][F6][F7][F1][F2]2026-05-18−46,505.13→ 0 total(indirect: See footnotes)Exercise: $3.05→ Common Stock, par value $0.0001 per share (15,247,586 underlying)
Footnotes (7)
- [F1]Voting and dispositive power with respect to the securities held by AE Red Holdings, LLC ("AE Red"), the AE Funds (as defined below) and AE Industrial Partners Structured Solutions I, LP ("AE Structured LP") is exercised by Michael Greene and David H. Rowe, the managing members of AeroEquity GP, LLC, which is the general partner of AE Industrial Partners Fund II GP, LP ("AE Fund II GP") and AE Industrial Partners Structured Solutions I GP, LP ("AE Structured GP"). AE Fund II GP and AE Structured GP are the general partners of the AE Funds (as defined below) and AE Structured LP, respectively. AE Industrial Partners Fund II-B, LP ("AE Fund II-B"), AE Industrial Partners Fund II, LP ("AE Fund II LP") and AE Industrial Partners Fund II-A, LP ("AE Fund II-A" and together with AE Fund II-B and AE Fund II LP, the "AE Funds") are the controlling equityholders of AE Red.
- [F2]Each of the foregoing entities and individuals disclaims beneficial ownership of the shares reported hereby, except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.01 to $15.80. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote 3 to this Form 4.
- [F4]These shares were sold in a single transaction at a price of $13.30.
- [F5]The number of shares of Series A Convertible Preferred Stock includes 6,505.13 shares received as paid-in-kind dividends since the Reporting Person's most recent filing in transactions exempt under Rule 16a9(a). The Series A Convertible Preferred Stock accrues dividends, payable in cash or, at the option of the Issuer, paid in kind, at a rate of 13% per annum if paid in cash or 15% per annum if paid in kind, subject to certain adjustments. The number of shares of Series A Convertible Preferred Stock held by the Reporting Person and the shares of Common Stock underlying such Series A Convertible Preferred Stock will increase for each dividend period in which the Issuer elects to pay dividends payable with respect to the Series A Convertible Preferred Stock as dividends paid in kind.
- [F6]The conversion price is subject to customary anti-dilution adjustments, including in the event of any stock split, stock dividend, recapitalization or similar events.
- [F7]The Series A Convertible Preferred Stock is convertible at any time, at the holder's election. The Series A Convertible Preferred Stock has no expiration date; however, the Issuer must offer to repurchase each outstanding share of Series A Convertible Preferred Stock in the event of a fundamental change and each share of Series A Convertible Preferred Stock will mandatorily convert into shares of the Issuer's common stock upon the satisfaction of certain conditions.
Signature
/s/ Alexander M. Schwartz by Power of Attorney|2026-05-20