Schedule 13G/A: GS Group Discloses 223,444.91-Share Stake in Astronics

Rhea-AI Filing Summary

Astronics Corporation is the subject of a Schedule 13G/A disclosing that The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC report beneficial ownership of 223,444.91 shares of common stock, equal to 0.7% of the class. The cover-page details show 0 shares with sole voting or dispositive power and 223,429.91 shares with shared voting power and 223,444.91 with shared dispositive power.

The filing includes a certification that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control. An exhibit identifies Goldman Sachs & Co. LLC as a subsidiary of The Goldman Sachs Group and classifies the filers with broker-dealer and investment-adviser roles.

Positive

• Clear disclosure of beneficial ownership: reporting of 223,444.91 shares (0.7%) provides transparency to the market
• Certification of ordinary-course holding: filers state the securities were acquired and are held in the ordinary course of business and not to influence control

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine passive disclosure—small, non-controlling stake by Goldman Sachs of 223,444.91 shares (0.7%).

The Schedule 13G/A records a modest beneficial position by Goldman Sachs entities, with all reported holdings below the 5% threshold that typically signals a potentially controlling stake. Voting and dispositive powers are reported as shared, not sole, and the filing contains an explicit certification that the securities are held in the ordinary course of business and not to influence control. For investors, this is a transparency update rather than a material change in ownership or governance.

Corporate Governance Expert

TL;DR: Joint filing and exhibits clarify ownership structure and confirm no stated intent to influence corporate control.

The joint filing and Exhibit (99.2) document the parent-subsidiary relationship between The Goldman Sachs Group and Goldman Sachs & Co. LLC and classify the subsidiary as a broker-dealer and registered investment adviser. The reporting of shared voting/dispositive power and the certification that holdings are not for control purposes indicate limited governance impact on Astronics. This is standard disclosure aligning with regulatory expectations for institutional holders.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

ASTRONICS CORPORATION

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

046433108

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 046433108

1

Names of Reporting Persons

THE GOLDMAN SACHS GROUP, INC.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 223,429.91
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 223,444.91

9

Aggregate Amount Beneficially Owned by Each Reporting Person

223,444.91

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.7 %

12

Type of Reporting Person (See Instructions)

HC, CO

SCHEDULE 13G

CUSIP No. 046433108

1

Names of Reporting Persons

GOLDMAN SACHS & CO. LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 223,429.91
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 223,444.91

9

Aggregate Amount Beneficially Owned by Each Reporting Person

223,444.91

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.7 %

12

Type of Reporting Person (See Instructions)

BD, OO, IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: ASTRONICS CORPORATION
(b)	Address of issuer's principal executive offices: 130 COMMERCE WAY, EAST AURORA, X1, 14052
Item 2.
(a)	Name of person filing: THE GOLDMAN SACHS GROUP, INC.| GOLDMAN SACHS & CO. LLC
(b)	Address or principal business office or, if none, residence: The Goldman Sachs Group, Inc. 200 West Street New York, NY 10282| Goldman Sachs & Co. LLC 200 West Street New York, NY 10282
(c)	Citizenship: THE GOLDMAN SACHS GROUP, INC. - Delaware| GOLDMAN SACHS & CO. LLC - New York
(d)	Title of class of securities: Common Stock, par value $0.01 per share
(e)	CUSIP No.: 046433108
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: See the response(s) to Item 9 on the attached cover page(s).
(b)	Percent of class: See the response(s)to Item 11 on the attached cover page(s).
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See the response(s) to Item 5 on the attached cover page(s).
	(ii) Shared power to vote or to direct the vote: See the response(s) to Item 6 on the attached cover page(s).
	(iii) Sole power to dispose or to direct the disposition of: See the response(s) to Item 7 on the attached cover page(s).
	(iv) Shared power to dispose or to direct the disposition of: See the response(s) to Item 8 on the attached cover page(s).
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit (99.2)
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

THE GOLDMAN SACHS GROUP, INC.

Signature:	Name: AMEEN SOETAN
Name/Title:	Attorney-in-fact
Date:	07/17/2025

GOLDMAN SACHS & CO. LLC

Signature:	Name: AMEEN SOETAN
Name/Title:	Attorney-in-fact
Date:	07/17/2025

Exhibit Information

EXHIBIT (99.1) JOINT FILING AGREEMENT In accordance with Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, the undersigned agree to the joint filing of a Statement on Schedule 13G (including any and all amendments thereto) with respect to the Common Stock, par value $0.01 per share, of ASTRONICS CORPORATION and further agree to the filing of this agreement as an Exhibit thereto. In addition, each party to this Agreement expressly authorizes each other party to this Agreement to file on its behalf any and all amendments to such Statement on Schedule 13G. Date: 07/17/2025 THE GOLDMAN SACHS GROUP, INC. By:/s/ AMEEN SOETAN ---------------------------------------- Name: AMEEN SOETAN Title: Attorney-in-fact GOLDMAN SACHS & CO. LLC By:/s/ AMEEN SOETAN ---------------------------------------- Name: AMEEN SOETAN Title: Attorney-in-fact EXHIBIT (99.2) ITEM 7 INFORMATION The securities being reported on by The Goldman Sachs Group, Inc. ("GS Group"), as a parent holding company, are owned, or may be deemed to be beneficially owned, by Goldman Sachs & Co. LLC ("Goldman Sachs"), a broker or dealer registered under Section 15 of the Act and an investment adviser registered under Section 203 of the Investment Advisers Act of 1940. Goldman Sachs is a subsidiary of GS Group.

FAQ

How many ATRO shares does Goldman Sachs report owning?

223,444.91 shares, representing 0.7% of the class.

Does Goldman Sachs have sole voting or dispositive power over these ATRO shares?

No sole power is reported: 0 shares sole voting; 223,429.91 shared voting; 0 sole dispositive; 223,444.91 shared dispositive.

Is this stake held to influence control of Astronics (ATRO)?

The filing includes a certification stating the securities were not acquired or held for the purpose of changing or influencing control of the issuer.

Which Goldman entities filed the Schedule 13G/A for ATRO?

The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC are the reporting persons.

Does the filing identify relationships between the filers?

Yes; Exhibit (99.2) states that Goldman Sachs & Co. LLC is a subsidiary of The Goldman Sachs Group, Inc. and identifies the subsidiary as a broker-dealer and registered investment adviser.