Vertical Aerospace Ltd.'s SEC filings document the company's reporting as a foreign private issuer developing the Valo electric vertical take-off and landing aircraft. Form 6-K reports include operating and financial reviews, unaudited interim financial statements, prototype flight-test and certification disclosures, and incorporation of certain materials into Form F-3 registration statements.
The filings also record capital-structure and financing matters, including ordinary share issuances, an at-the-market program, senior secured convertible notes, convertible preferred equity and an equity line of credit. Other disclosures cover long-term supplier agreements for Valo components, subsidiary arrangements, intellectual property litigation matters, forward-looking statements and governance or legal information tied to the company's aircraft development program.
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.