AA&D Holdings, LP 4

What Happened AA&D Holdings, LP — a reported 10% owner of Applied Aerospace & Defense, Inc. (AADX) — reported a disposition on 2026-07-15 of 11,456,787 shares of AADX common stock. The filing shows the shares were distributed pro rata to its limited partners and no consideration was paid (transaction reported at $0.00). The transaction was reported on a Form 4 filed July 17, 2026.

Key Details

• Transaction date and type: 2026-07-15; code J ("other acquisition or disposition") — a pro rata distribution.
• Shares disposed: 11,456,787; reported price/consideration: $0.00 (no cash exchanged).
• Filed: Form 4 posted 2026-07-17 (appears timely — two days after the transaction).
• Shares owned after transaction: not specified in the filing.
• Footnote highlights: (F1) distribution to limited partners (includes certain directors/officers); distributed shares remain subject to IPO underwriter lock-up restrictions. (F2) AA&D Holdings, LP is managed by Greenbriar-related entities; certain managers (including Noah Roy, a company director) are listed but disclaim beneficial ownership except for pecuniary interest.

Context This was a distribution by an institutional limited partnership, not an open-market sale by an individual insider. Because no cash changed hands and the distributed shares remain subject to lock-up restrictions, the move does not imply immediate market selling pressure by the recipients. Retail investors should note this is an organizational transfer from an LP to its partners rather than a typical insider cash sale or purchase.