AEROEQUITY GP, LLC 4

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.