Raduenz Brian 4
Research Summary
AI-generated summary
AEVEX (AVEX) Director Brian Raduenz Sells 104,722 Shares to Issuer
What Happened
- Brian Raduenz, a director of AEVEX Corp. (AVEX), disposed of 104,722 securities to the issuer on June 5, 2026. The Form 4 shows two reported dispositions (one non‑derivative and one derivative) of 104,722 units/shares each. The Form 4 lists the price as N/A, but a filing footnote states the issuer purchased the Series B Units for $25.99 per unit — implying gross proceeds of roughly $2.72 million (104,722 × $25.99). This is a disposition (sale/transfer back to the company), not a purchase.
Key Details
- Transaction date: 2026-06-05 (Form 4 filed 2026-06-08).
- Reported amounts: 104,722 shares/units (non‑derivative) and 104,722 derivative securities.
- Price reported on Form 4: N/A; footnote states issuer paid $25.99 per Series B unit (≈ $2.72M total).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes:
- F1: Securities were received by Raduenz from ATS Investment Holdings, LLC in a pro rata distribution for no consideration (exempt under Rule 16a‑9); the issuer purchased the Series B Units at $25.99/unit in connection with a secondary offering described in the S‑1.
- F2: Series B Units are exchangeable (together with equal number of Class B common shares) one‑for‑one for Class A common stock; Series B Units do not expire.
- Filing timeliness: Form filed 6/8 for a 6/5 transaction; no late‑filing flag noted.
Context
- This was a disposition to the company (not an open‑market sale); the footnotes indicate these Series B Units were distributed to the reporting person by an investment vehicle and then purchased by the issuer as part of a secondary offering arrangement.
- The derivative line reflects the Series B Units (exchangeable for Class A shares when paired with Class B shares), so the transaction involves structured securities rather than a simple open‑market trade.
- As with most insider disposals, this is a factual report of transfer/sale and should not be read as a definitive signal of management sentiment.