Vertical Aerospace (NYSE: EVTL) director discloses Nil Cost Options and shares

Rhea-AI Filing Summary

Vertical Aerospace Ltd. director Benjamin Robert Story reported his equity holdings in a Form 3 filing. He holds 40,473 Nil Cost Options over common stock with a £0.0000 exercise price expiring on January 1, 2036, and 4,710 shares of common stock directly.

Of these options, 29,641 are already vested, and the remaining options are scheduled to vest on June 30, 2026. This filing establishes his initial reported ownership position, without indicating any new purchases or sales.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Story Benjamin Robert

Role Director

Type	Security	Shares	Price	Value
holding	Nil Cost Options	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Nil Cost Options — 40,473 shares (Direct); Common Stock — 4,710 shares (Direct)

Footnotes (1)

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Understanding Insider Trading Forms →

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Story Benjamin Robert

(Last) (First) (Middle)

UNIT 1 CAMWAL COURT, CHAPEL STREET

(Street)

BRISTOL BS2 0UW

(City) (State) (Zip)

UNITED KINGDOM

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Vertical Aerospace Ltd. [ EVTL ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	4,710	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Nil Cost Options	(1)	01/01/2036	Common Stock	40,473	$0.00	D

Explanation of Responses:

1. Of the total options reported, 29,641 are vested and the remaining options vest on June 30, 2026.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Darragh Hanley-Crofts as Attorney-in-Fact	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What insider holdings did Benjamin Robert Story report in EVTL on this Form 3?

Benjamin Robert Story reported holding 40,473 Nil Cost Options over Vertical Aerospace common stock and 4,710 shares of common stock directly. The options have a zero exercise price and give him rights to receive common shares subject to vesting and expiration terms.

How many of Benjamin Robert Story’s Nil Cost Options in EVTL are vested?

Out of 40,473 Nil Cost Options, 29,641 are already vested. The remaining balance is scheduled to vest on June 30, 2026, giving a clear timeline for when all reported options become exercisable under the existing grant terms.

When do Benjamin Robert Story’s Nil Cost Options in Vertical Aerospace expire?

The Nil Cost Options reported by Benjamin Robert Story expire on January 1, 2036. This long-dated expiration means the option rights persist for many years, providing extended potential for conversion into common stock if vesting conditions are met.

Did the EVTL Form 3 show any recent insider buying or selling by Benjamin Robert Story?

The Form 3 lists Benjamin Robert Story’s existing holdings but does not record new purchases or sales. It functions as an initial statement of beneficial ownership, establishing his starting equity position as a director of Vertical Aerospace Ltd.

What type of securities does Benjamin Robert Story hold in Vertical Aerospace (EVTL)?

Benjamin Robert Story holds two types of securities: Nil Cost Options over Vertical Aerospace common stock and directly owned common shares. The options have a zero exercise price, while the 4,710 common shares represent his current direct share ownership.