Vertical Aerospace (EVTL) CEO reports 1.97M nil cost options and share stake

Rhea-AI Filing Summary

Vertical Aerospace Ltd. Chief Executive Officer Stuart Simpson has filed an initial ownership report showing his equity position in the company. He holds nil cost options over 1,970,398 shares of common stock with a zero exercise price, expiring on January 21, 2036. These options began vesting on March 31, 2024, with additional portions vesting quarterly, subject to his continued service. He also directly owns 24,676 shares of common stock, reflecting his existing stake rather than any new purchase or sale activity.

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^*

Simpson Stuart

(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)

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

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	24,676	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)	01/21/2036	Common Stock	1,970,398	$0.00	D

Explanation of Responses:

1. Options vest beginning 03/31/2024, with additional shares vesting quarterly thereafter in accordance with the applicable vesting schedule, subject to continued service through each vesting date.

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 does the Form 3 for Vertical Aerospace (EVTL) CEO Stuart Simpson show?

The Form 3 shows CEO Stuart Simpson’s existing equity holdings in Vertical Aerospace. He reports nil cost options over 1,970,398 common shares and 24,676 directly owned common shares, providing a snapshot of his initial beneficial ownership position as an executive.

How many Vertical Aerospace (EVTL) shares is the CEO eligible to receive through options?

CEO Stuart Simpson holds nil cost options linked to 1,970,398 shares of Vertical Aerospace common stock. These options carry a zero exercise price and represent potential future share ownership as they vest over time, subject to his continued service with the company.

When do Stuart Simpson’s Vertical Aerospace (EVTL) options vest and expire?

Stuart Simpson’s options began vesting on March 31, 2024, with additional portions vesting quarterly under the stated vesting schedule. The nil cost options expire on January 21, 2036, defining the timeframe during which they may be exercised into common shares.

Did the Vertical Aerospace (EVTL) Form 3 disclose any insider share purchases or sales?

The Form 3 does not disclose new purchases or sales. It records existing holdings: nil cost options over 1,970,398 underlying shares and 24,676 shares of common stock, serving as an initial ownership statement rather than a report of recent trading activity.

How many Vertical Aerospace (EVTL) common shares does the CEO currently hold directly?

Stuart Simpson directly holds 24,676 shares of Vertical Aerospace common stock. This direct share position is separate from his nil cost options, which, if vested and exercised, could further increase his equity stake in the company over time.