Flying Car Startup Vertical Aerospace Sees Major Founder Stock Selloff
Filing Impact
Filing Sentiment
Form Type
144
Stephen James Fitzpatrick, a 10% stockholder of Vertical Aerospace, has filed a Form 144 indicating his intention to sell 2,000,000 ordinary shares with an aggregate market value of $10.36 million through Winterflood Securities Limited on the NYSE. The proposed sale date is June 26, 2025.
Key details of the transaction:
- Fitzpatrick originally acquired 123,101,919 shares as founder stock on December 16, 2021
- The sale price is based on a closing price of $5.18 per share as of June 25, 2025
- Total shares outstanding: 84,602,721
Notably, Fitzpatrick has conducted extensive selling over the past 3 months, liquidating approximately 1.9 million shares between March and June 2025, with proceeds totaling over $9.5 million. The proposed sale represents a continuation of this significant selling activity by the founder.
Positive
- None.
Negative
- 10% stockholder Stephen Fitzpatrick plans to sell 2 million shares worth $10.36M, representing significant insider selling pressure
- Pattern of consistent selling over past 3 months with approximately 1.9M shares sold, indicating sustained selling pressure from major shareholder
- Total recent sales and proposed sale would reduce insider's position by ~3.9M shares, suggesting reduced confidence from key stakeholder
| Form 144 Filer Information |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144
NOTICE OF PROPOSED SALE OF SECURITIES
PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933 | |
FORM 144 |
144: Filer Information
| Filer CIK | 0001911254 |
| Filer CCC | XXXXXXXX |
| Is this a LIVE or TEST Filing? | LIVE TEST |
Submission Contact Information | |
| Name | |
| Phone | |
| E-Mail Address |
144: Issuer Information
| Name of Issuer | Vertical Aerospace Ltd. |
| SEC File Number | 001-41169 |
| Address of Issuer | Unit 1 Camwal Court, Chapel Street Bristol UNITED KINGDOM BS2 0UW |
| Phone | 44-7799310595 |
| Name of Person for Whose Account the Securities are To Be Sold | Stephen James Fitzpatrick |
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account
the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given
as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales
for the account of the person filing this notice.
| |
| Relationship to Issuer | 10% Stockholder |
144: Securities Information
| Title of the Class of Securities To Be Sold | Name and Address of the Broker | Number of Shares or Other Units To Be Sold | Aggregate Market Value | Number of Shares or Other Units Outstanding | Approximate Date of Sale | Name the Securities Exchange |
|---|---|---|---|---|---|---|
| Ordinary Shares, par value $0.001 per share | Winterflood Securities Limited Riverbank House 2 Swan Lane London X0 ECR 3GA | 2000000 | 10360000.00 | 84602721 | 06/26/2025 | NYSE |
Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment
of all or any part of the purchase price or other consideration therefor:
144: Securities To Be Sold
| Title of the Class | Date you Acquired | Nature of Acquisition Transaction | Name of Person from Whom Acquired | Is this a Gift? | Date Donor Acquired | Amount of Securities Acquired | Date of Payment | Nature of Payment * |
|---|---|---|---|---|---|---|---|---|
| Ordinary Shares, par value $0.001 per share | 12/16/2021 | Founder Stock Purchase | Vertical Aerospace Ltd. (Issuer) | 123101919 | 12/16/2021 | Founder Contribution |
* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note
thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made
in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.
Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.
144: Securities Sold During The Past 3 Months
| Name and Address of Seller | Title of Securities Sold | Date of Sale | Amount of Securities Sold | Gross Proceeds |
|---|---|---|---|---|
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 03/26/2025 | 10000 | 37760.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 03/27/2025 | 10000 | 35892.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 03/28/2025 | 10000 | 34875.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 03/31/2025 | 10000 | 33305.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 04/01/2025 | 10000 | 32982.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 04/02/2025 | 10000 | 33756.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 04/03/2025 | 20000 | 65088.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 04/04/2025 | 20000 | 58136.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 04/07/2025 | 20000 | 58266.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 04/08/2025 | 20000 | 60077.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 04/09/2025 | 20000 | 59305.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 04/10/2025 | 20000 | 63538.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 04/11/2025 | 15892 | 52603.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 04/14/2025 | 4108 | 14225.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 04/15/2025 | 13381 | 45759.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 04/15/2025 | 10117 | 35274.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 04/15/2025 | 2511 | 8660.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 04/30/2025 | 16253 | 58529.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 05/02/2025 | 25000 | 97085.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 05/05/2025 | 40000 | 167076.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 05/06/2025 | 40000 | 163344.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 05/07/2025 | 40000 | 161260.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 05/08/2025 | 40000 | 164978.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 05/09/2025 | 40000 | 167991.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 05/12/2025 | 36140 | 172207.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 05/13/2025 | 28819 | 140622.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 05/14/2025 | 40000 | 199509.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 05/15/2025 | 40000 | 203804.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 05/16/2025 | 40000 | 221504.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 05/19/2025 | 20000 | 108225.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 05/20/2025 | 20000 | 103860.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 05/21/2025 | 20000 | 106306.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 05/22/2025 | 13788 | 68493.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 05/23/2025 | 20000 | 104715.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 05/27/2025 | 70000 | 423861.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 05/28/2025 | 100000 | 603000.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 05/29/2025 | 30000 | 173264.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 05/30/2025 | 30000 | 152857.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 06/02/2025 | 20000 | 101317.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 06/03/2025 | 20000 | 102311.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 06/04/2025 | 20000 | 96490.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 06/05/2025 | 50000 | 249233.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 06/06/2025 | 50000 | 250298.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 06/09/2025 | 50000 | 293122.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 06/09/2025 | 100000 | 602175.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 06/09/2025 | 100000 | 605856.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 06/09/2025 | 50000 | 306901.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 06/10/2025 | 56598 | 342181.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 06/11/2025 | 57344 | 336185.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 06/12/2025 | 76445 | 453722.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 06/13/2025 | 50000 | 278812.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 06/16/2025 | 78147 | 474198.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 06/17/2025 | 30000 | 175528.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 06/18/2025 | 30000 | 175425.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 06/20/2025 | 60000 | 333998.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 06/23/2025 | 30000 | 153450.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 06/24/2025 | 30000 | 158787.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 06/25/2025 | 30000 | 160351.00 |
| Stephen James Fitzpatrick 9 Pembridge Road Notting Hill Gate London X0 w11 3JY | Ordinary Shares, par value $0.001 per share | 06/26/2025 | 11466 | 60217.00 |
144: Remarks and Signature
| Remarks | The Aggregate Market Value of the shares to be sold is based on the closing market price of $5.18 on Wednesday, June 25, 2025. |
| Date of Notice | 06/26/2025 |
ATTENTION: | |
| The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date. | |
| Signature | /s/ Stephen James Fitzpatrick |
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001) | |
FAQ
How many EVTL shares is Stephen Fitzpatrick planning to sell according to the Form 144 filed on June 28, 2025?
According to the Form 144 filing, Stephen Fitzpatrick plans to sell 2,000,000 ordinary shares of Vertical Aerospace Ltd. (EVTL) with an aggregate market value of $10,360,000, to be executed through Winterflood Securities Limited on the NYSE around June 26, 2025.
What is Stephen Fitzpatrick's relationship to EVTL and how did he acquire his shares?
Stephen Fitzpatrick is a 10% Stockholder of Vertical Aerospace Ltd. He acquired his shares as Founder Stock Purchase from the company on December 16, 2021, receiving 123,101,919 shares through a Founder Contribution.
How many EVTL shares has Stephen Fitzpatrick sold in the past 3 months before this Form 144 filing?
In the three months prior to this filing, Stephen Fitzpatrick has made numerous sales totaling approximately 1.9 million shares between March 26, 2025, and June 26, 2025, with transactions ranging from 2,511 to 100,000 shares per sale at various price points.
What is the current market price of EVTL shares according to the Form 144 filing?
According to the remarks section of the Form 144 filing, the share price is based on the closing market price of $5.18 as of Wednesday, June 25, 2025.
How many total EVTL shares are outstanding according to the Form 144?
According to the Form 144 filing, Vertical Aerospace Ltd. (EVTL) has 84,602,721 shares outstanding.