Saba Capital sells 676,518 Vertical shares

Saba Capital Management, L.P., a ten percent owner of Vertical Aerospace Ltd., reported an indirect open-market sale of 676,518 shares of Common Stock at $2.6900 per share.

Rhea-AI Filing Summary

Saba Capital Management, L.P., a ten percent owner of Vertical Aerospace Ltd., reported an indirect open-market sale of 676,518 shares of Common Stock at $2.6900 per share. After this transaction, it indirectly holds 10,963,985 Common shares.

Saba Capital also reports indirect holdings of Tranche A Warrants exercisable at $6.0000 per share and Tranche B Warrants exercisable at $7.5000 per share, each relating to 2,083,000 underlying Common shares and expiring on January 23, 2030.

Insights

Equity ownership analyst

Large holder executes routine-sized sale while retaining a significant position and long-dated warrants.

Saba Capital Management, L.P., identified as a ten percent owner of Vertical Aerospace Ltd., completed an indirect open-market sale of 676,518 Common shares at $2.6900 per share. Following the sale, it still holds 10,963,985 Common shares indirectly, indicating a continuing, sizable equity stake.

The filing also highlights substantial derivative exposure through Tranche A and Tranche B Warrants, each tied to 2,083,000 underlying Common shares, with exercise prices of $6.0000 and $7.5000 and expirations on January 23, 2030. The combination of ongoing common share ownership and long-dated warrants suggests Saba maintains meaningful leverage to Vertical Aerospace’s future equity performance.

Insider Trade Summary

Net Seller: 676,518 shares

Net Sell 3 txns

Insider Saba Capital Management, L.P.

Role 10% Owner

Sold 676,518 shs ($1.82M)

Type	Security	Shares	Price	Value
Sale	Common Stock	676,518	$2.69	$1.82M
holding	Tranche A Warrants	--	--	--
holding	Tranche B Warrants	--	--	--

Holdings After Transaction: Common Stock — 10,963,985 shares (Indirect, -); Tranche A Warrants — 2,083,000 contracts (Indirect, -); Tranche B Warrants — 2,083,000 contracts (Indirect, -)

Key Figures

Shares sold: 676,518 shares Sale price per share: $2.6900 per share Shares held after sale: 10,963,985 shares +5 more

8 metrics

Shares sold 676,518 shares Common Stock open-market sale

Sale price per share $2.6900 per share Common Stock transaction price

Shares held after sale 10,963,985 shares Indirect Common Stock holdings post-transaction

Tranche A Warrant strike $6.0000 Exercise price for Tranche A Warrants

Tranche B Warrant strike $7.5000 Exercise price for Tranche B Warrants

Tranche A underlying shares 2,083,000 shares Underlying Common shares for Tranche A Warrants

Tranche B underlying shares 2,083,000 shares Underlying Common shares for Tranche B Warrants

Warrant expiration January 23, 2030 Expiration date for Tranche A and B Warrants

Key Terms

open-market sale, ten percent owner, Tranche A Warrants, Tranche B Warrants, +1 more

5 terms

open-market sale financial

"reported an indirect open-market sale of 676,518 shares of Common Stock"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

ten percent owner regulatory

"Saba Capital Management, L.P., a ten percent owner of Vertical Aerospace Ltd."

Tranche A Warrants financial

"Saba Capital also reports indirect holdings of Tranche A Warrants exercisable at $6.0000 per share"

Tranche B Warrants financial

"and Tranche B Warrants exercisable at $7.5000 per share"

indirect ownership financial

"After this transaction, it indirectly holds 10,963,985 Common shares."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Saba Capital report for EVTL?

Saba Capital Management, L.P. reported an indirect open-market sale of 676,518 shares of Vertical Aerospace Common Stock at $2.6900 per share. The transaction reflects trading activity by a ten percent owner while maintaining a large continuing position in the company’s shares.

How many Vertical Aerospace shares does Saba Capital hold after this Form 4?

After the reported sale, Saba Capital Management, L.P. indirectly holds 10,963,985 shares of Vertical Aerospace Common Stock. This figure shows its post-transaction ownership level as disclosed in the filing and indicates that Saba remains a significant shareholder in the company.

What warrant positions related to EVTL does Saba Capital report?

Saba Capital reports indirect holdings of Tranche A Warrants and Tranche B Warrants, each linked to 2,083,000 underlying Common shares. The Tranche A Warrants have a $6.0000 exercise price and Tranche B a $7.5000 price, both expiring on January 23, 2030.

Is Saba Capital’s EVTL transaction a buy or a sell?

The Form 4 shows a sell transaction. Saba Capital Management, L.P. executed an indirect open-market sale of 676,518 Common shares of Vertical Aerospace at $2.6900 per share, as indicated by transaction code “S” and the filing’s transaction details.

How significant is Saba Capital’s remaining EVTL exposure after the sale?

Saba Capital still has substantial exposure through 10,963,985 Common shares held indirectly and long-dated Tranche A and Tranche B Warrants on 2,083,000 underlying shares each. These positions collectively indicate continued large economic interest in Vertical Aerospace.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/16/2026 - 09:50 AM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Saba Capital Management, L.P.

(Last) (First) (Middle)

405 LEXINGTON AVENUE

58TH FLOOR

(Street)

NEW YORK NEW YORK 10174

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/15/2026

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

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

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/15/2026		S		676,518	D	$2.69	10,963,985	I	-

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Tranche A Warrants	$6							01/23/2025	01/23/2030	Common Stock	2,083,000		2,083,000	I	-
Tranche B Warrants	$7.5							01/23/2025	01/23/2030	Common Stock	2,083,000		2,083,000	I	-

Explanation of Responses:

	Saba Capital Management, L.P. By: Zachary Gindes	04/16/2026
	Boaz Weinstein	04/16/2026
	** 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 4 (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 4: SEC 1474 (03-26)