AEROEQUITY GP, LLC 4
4 · Firefly Aerospace Inc. · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
Firefly (FLY) 10% Owner AeroEquity GP Sells 8M Shares
What Happened
AeroEquity GP, LLC — reported as a 10% owner of Firefly Aerospace (FLY) — disposed of a total of 8,000,000 shares on June 1, 2026 in two transactions. The first sale was 5,198,872 shares at $48.00 each ($249,545,856) and the second was 2,801,128 shares at $48.00 each ($134,454,144), for a combined proceeds of $384,000,000. These were sales (S) reported as open-market or private sale transactions.
Key Details
- Transaction dates and prices: 2026-06-01 — 5,198,872 shares @ $48.00 and 2,801,128 shares @ $48.00.
- Total proceeds: $384,000,000.
- Filing: Form 4 filed 2026-06-03 covering the 2026-06-01 transactions (filing appears timely).
- Shares owned after transaction: Not specified in the provided Form 4 excerpt.
- Notable footnotes: The filer is part of a multi-entity ownership chain (Glow NS Holdings, Glow Aggregator, AE Industrial Partners entities). AeroEquity GP is managed by Michael Greene and David Rowe; the entities and individuals disclaim beneficial ownership except to the extent of pecuniary interest. Some holdings were contributed to Glow Holdings Aggregator, LLC in an exempt transaction per Rule 16a-13.
- Transaction code: S = Sale (open market or private sale).
Context
This filing reflects a large institutional-level disposal by a 10% owner and related entities rather than an individual executive’s routine stock sale. The footnotes describe a complex ownership and control chain through AE Industrial Partners entities; such filings often reflect portfolio or fund-level transactions. As always, sales do not by themselves indicate company prospects — they document transfer of ownership and proceeds.
Insider Transaction Report
- Sale
Common Stock
[F1][F2][F3]2026-06-01$48.00/sh−5,198,872$249,545,856→ 33,016,575 total(indirect: See Footnotes) - Sale
Common Stock
[F1][F2][F4]2026-06-01$48.00/sh−2,801,128$134,454,144→ 17,688,857 total(indirect: See Footnotes)
- 11,111(indirect: See Footnotes)
Common Stock
[F1][F2][F5]
Footnotes (5)
- [F1]Glow NS Holdings, LLC is controlled by Glow NS Intermediate Holdings, LLC, its sole member. Glow NS Intermediate Holdings LLC is controlled by Glow Aggregator, LLC, its sole member. Glow Aggregator, LLC is controlled by AE Industrial Partners Fund II, L.P., its managing member. AE Industrial Partners Fund II, L.P. is controlled by AE Industrial Partners Fund II GP, LP ("AE Fund II GP"), its general partner. Glow Holdings Aggregator, LLC is controlled by AE Co-Investment Partners Fund III-F, LP, its managing member. AE Co-Investment Partners Fund III-F, LP is controlled by AE Industrial Partners Fund III GP, LP ("AE Fund III GP"), its general partner.
- [F2](Continued from footnote 1) AE Fund II GP and AE Fund III GP are each managed by each entity's respective general partner, AeroEquity GP, LLC. AeroEquity GP, LLC is controlled by its managing members, Michael Greene and David Rowe. Messrs. Greene and Rowe make all voting and investment decisions with respect to the securities held by AE Industrial Partners. Each of the entities and individuals named above disclaims beneficial ownership of the securities held by AE Industrial Partners, except to the extent of its pecuniary interest therein.
- [F3]Held by Glow NS Holdings, LLC.
- [F4]Held by Glow Holdings Aggregator, LLC. Shares previously reported as held by Glow B Holdings, LLC, Glow C Holdings, LLC, Glow D Holdings, LLC and AE Co-Investment Partners Fund III-F, LP were contributed to Glow Holdings Aggregator, LLC in an exempted transaction pursuant to Rule 16a-13.
- [F5]Held by David Rowe.