Saba (NYSE: EVTL) reports 15.8M shared holdings in Vertical Aerospace Ltd.

Rhea-AI Filing Summary

Saba Capital and Boaz R. Weinstein reported shared beneficial ownership of 15,806,503 securities of Vertical Aerospace Ltd. The filing states this position represents 12.02% of the calculation denominator based on 127,328,004 Ordinary Shares outstanding as of March 30, 2026 plus the ordinary shares underlying two public warrant tranches. The reported holdings comprise 11,640,503 ordinary shares and 4,166,000 ordinary shares underlying public warrants (2,083,000 Tranche A and 2,083,000 Tranche B). The statement is an amended Schedule 13G/A reflecting joint filing arrangements among Saba entities and Mr. Weinstein.

Key Figures

Shared beneficial ownership: 15,806,503 shares Reported ownership percentage: 12.02% Ordinary shares included: 11,640,503 shares +3 more

6 metrics

Shared beneficial ownership 15,806,503 shares reported aggregate shared voting/dispositive power

Reported ownership percentage 12.02% percentage calculated using specified denominator as of <date>March 30, 2026</date>

Ordinary shares included 11,640,503 shares ordinary shares held as part of the reported position

Tranche A warrants (underlying shares) 2,083,000 shares ordinary shares underlying Tranche A public warrants included in the count

Tranche B warrants (underlying shares) 2,083,000 shares ordinary shares underlying Tranche B public warrants included in the count

Denominator for percentage 127,328,004 shares ordinary shares outstanding as of March 30, 2026 per correspondence with issuer

Key Terms

Schedule 13G/A, shared dispositive power, public warrants, Joint Filing Agreement

4 terms

Schedule 13G/A regulatory

"Amendment No. 5 ) Vertical Aerospace Ltd. Common Shares"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

shared dispositive power regulatory

"Shared Dispositive Power 15,806,503.00"

public warrants financial

"Ordinary Shares Underlying Tranche A Public Warrants"

Public warrants are tradable securities that give the holder the right to buy a company’s stock at a fixed price before a set expiration date. Like a coupon that lets you purchase shares later at a preset price, they matter to investors because using them can bring new cash into the company but also increase the total number of shares outstanding, which can dilute existing ownership and influence the stock’s price and potential gains.

Joint Filing Agreement regulatory

"Reporting Persons have entered into a Joint Filing Agreement, dated January 30, 2025"

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 5)

Vertical Aerospace Ltd.

(Name of Issuer)

Common Shares, $0.001 par value and Warrants

(Title of Class of Securities)

G9471C206

(CUSIP Number)

03/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): G9471C206

1

Names of Reporting Persons

Saba Capital Management, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 15,806,503.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 15,806,503.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

15,806,503.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

12.02 %

12

Type of Reporting Person (See Instructions)

PN, IA

Comment for Type of Reporting Person: Rows 6, 8, and 9 include (i) 11,640,503 Ordinary Shares, par value $0.001 per share, (ii) 2,083,000 Ordinary Shares Underlying Tranche A Public Warrants, and (iii) 2,083,000 Ordinary Shares Underlying Tranche B Public Warrants. The denominator of the fraction upon which the percentages are calculated is based on (i) 127,328,004 Ordinary Shares outstanding as of March 30, 2026 (according to correspondence with the issuer), (ii) 2,083,000 Ordinary Shares Underlying Tranche A Public Warrants, and (iii) 2,083,000 Ordinary Shares Underlying Tranche B Public Warrants.

SCHEDULE 13G

CUSIP Number(s): G9471C206

1

Names of Reporting Persons

Boaz R. Weinstein

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 15,806,503.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 15,806,503.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

15,806,503.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

12.02 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: Rows 6, 8, and 9 include (i) 11,640,503 Ordinary Shares, par value $0.001 per share, (ii) 2,083,000 Ordinary Shares Underlying Tranche A Public Warrants, and (iii) 2,083,000 Ordinary Shares Underlying Tranche B Public Warrants. The denominator of the fraction upon which the percentages are calculated is based on (i) 127,328,004 Ordinary Shares outstanding as of March 30, 2026 (according to correspondence with the issuer), (ii) 2,083,000 Ordinary Shares Underlying Tranche A Public Warrants, and (iii) 2,083,000 Ordinary Shares Underlying Tranche B Public Warrants.

SCHEDULE 13G

CUSIP Number(s): G9471C206

1

Names of Reporting Persons

Saba Capital Management GP, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 15,806,503.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 15,806,503.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

15,806,503.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

12.02 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: Rows 6, 8, and 9 include (i) 11,640,503 Ordinary Shares, par value $0.001 per share, (ii) 2,083,000 Ordinary Shares Underlying Tranche A Public Warrants, and (iii) 2,083,000 Ordinary Shares Underlying Tranche B Public Warrants. The denominator of the fraction upon which the percentages are calculated is based on (i) 127,328,004 Ordinary Shares outstanding as of March 30, 2026 (according to correspondence with the issuer), (ii) 2,083,000 Ordinary Shares Underlying Tranche A Public Warrants, and (iii) 2,083,000 Ordinary Shares Underlying Tranche B Public Warrants.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Vertical Aerospace Ltd.
(b)	Address of issuer's principal executive offices: Unit 1 Camwal Court, Chapel Street, Bristol, UNITED KINGDOM BS2 0UW
Item 2.
(a)	Name of person filing: Saba Capital Management, L.P., a Delaware limited partnership ("Saba Capital"), Saba Capital Management GP, LLC, a Delaware limited liability company ("Saba GP"), and Mr. Boaz R. Weinstein (together, the "Reporting Persons"). The Reporting Persons have entered into a Joint Filing Agreement, dated January 30, 2025, pursuant to which the Reporting Persons have agreed to file this statement and any subsequent amendments hereto jointly in accordance with the provisions of Rule 13d-1(k)(1) under the Act. Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party. The filing of this statement should not be construed as an admission that any of the forgoing persons or the Reporting Persons is, for the purposes of Section 13 of the Act, the beneficial owner of the Common Stock reported herein.
(b)	Address or principal business office or, if none, residence: The address of the business office of each of the Reporting Persons is 405 Lexington Avenue, 58th Floor, New York, New York 10174.
(c)	Citizenship: Saba Capital is organized as a limited partnership under the laws of the State of Delaware. Saba GP is organized as a limited liability company under the laws of the State of Delaware. Mr. Weinstein is a citizen of the United States.
(d)	Title of class of securities: Common Shares, $0.001 par value and Warrants
(e)	CUSIP No.: G9471C206
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: The information required by Items 4(a) - (c) is set forth in Rows (5) - (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person.
(b)	Percent of class: Not Applicable.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Not Applicable.
	(ii) Shared power to vote or to direct the vote: Not Applicable.
	(iii) Sole power to dispose or to direct the disposition of: Not Applicable.
	(iv) Shared power to dispose or to direct the disposition of: Not Applicable.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The funds and accounts advised by Saba Capital have the right to receive the dividends from and proceeds of sales from the Common Stock.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Saba Capital Management, L.P.

Signature:	/s/ Michael D'Angelo
Name/Title:	General Counsel
Date:	04/16/2026

Boaz R. Weinstein

Signature:	/s/ Michael D'Angelo
Name/Title:	Authorized Signatory
Date:	04/16/2026

Saba Capital Management GP, LLC

Signature:	/s/ Michael D'Angelo
Name/Title:	Attorney-in-fact*
Date:	04/16/2026

Comments accompanying signature: * Pursuant to a Power of Attorney dated as of November 16, 2015

FAQ

What did Saba disclose about EVTL ownership in the 13G/A?

Saba disclosed shared beneficial ownership of 15,806,503 securities, including 11,640,503 ordinary shares and 4,166,000 shares underlying public warrants. The filing calculates this as 12.02% using a specified denominator.

How was the 12.02% ownership percentage calculated for EVTL?

The percentage uses a denominator of 127,328,004 ordinary shares outstanding as of March 30, 2026 plus the ordinary shares underlying Tranche A and Tranche B public warrants, per the filing's stated method.

Which entities and individuals are filing the Schedule 13G/A for EVTL?

The Schedule 13G/A is filed jointly by Saba Capital Management, L.P., Saba Capital Management GP, LLC, and Boaz R. Weinstein under a Joint Filing Agreement dated January 30, 2025.

Do the reporting persons claim sole voting or dispositive power over EVTL shares?

No. The cover-page rows show 0 sole voting and dispositive power and record the position as shared voting and shared dispositive power of 15,806,503 securities.

What securities are included in the reported EVTL position?

The reported amount includes ordinary shares and ordinary shares issuable upon exercise of public warrants: 11,640,503 ordinary shares, 2,083,000 underlying Tranche A warrants, and 2,083,000 underlying Tranche B warrants.