AE INDUSTRIAL PARTNERS FUND II, LP 4

What Happened

• AE Red Holdings, LLC (reported as a director) exercised warrants to purchase 2,000,000 shares of Redwire (RDW) common stock on June 11, 2026 at an $11.50 exercise price (aggregate $23,000,000). The exercise was done on a cashless basis: the company withheld 1,070,565 of the warrant shares to cover the exercise cost and issued the reporting person the remaining 929,435 shares.
• On the same day, 1,070,565 shares were sold at $21.48 per share for proceeds of $23,000,018. The filing also lists the derivative instrument (the warrants) as disposed in connection with the exercise.

Key Details

• Transaction date: June 11, 2026; Form 4 filed June 12, 2026 (timely filing).
• Exercise price: $11.50 per share for 2,000,000 shares (total exercise value $23,000,000).
• Sale: 1,070,565 shares sold at $21.48 each (proceeds $23,000,018).
• Net shares issued to AE Red after cashless exercise: 929,435 shares.
• Footnotes: cashless withholding used to pay exercise price (issuer withheld shares); voting/dispositive power over AE Red securities is exercised by Michael Greene and David H. Rowe via affiliated AE Industrial Partners entities; standard disclaimer of beneficial ownership included.
• Warrants expiration: five years after the issuer's business combination (subject to warrant agreement exceptions).

Context

• This was an exercise of in-the-money warrants followed by a share sale to cover the exercise cost — a common cashless-exercise mechanic rather than an outright market purchase or opportunistic sale of existing holdings.
• The reporting entity is an institutional/partnership-controlled holder (AE Red / AE Funds), not an individual CEO; the filing notes which AE Industrial Partners principals control voting/dispositive power.