Vertical Aerospace Ltd. ownership disclosure: Saba Capital and affiliated reporting persons report shared beneficial ownership of 15,806,503 shares, representing 12.02% of the class. The reported block includes 11,640,503 Ordinary Shares and 2,083,000 Ordinary Shares underlying each of the Tranche A and Tranche B public warrants. The filing bases percentages on 127,328,004 Ordinary Shares outstanding as of March 31, 2026, as reported in the issuer's 424B5.
Positive
None.
Negative
None.
Insights
Saba reports a significant shared stake of 15.8M securities, including warrants.
The filing lists 15,806,503 total securities attributed to the Reporting Persons, combining 11,640,503 ordinary shares and 2,083,000 underlying each Tranche A and B warrants. The percentage calculation uses an explicit denominator: March 31, 2026 outstanding share count of 127,328,004.
Ownership is reported as shared voting and dispositive power. Cash‑flow treatment and any plans to exercise or dispose of the warrants are not disclosed in the excerpt; subsequent filings would state such mechanics if they occur.
The Schedule 13G/A is a passive/ownership disclosure with joint filing language.
The Reporting Persons executed a Joint Filing Agreement dated January 30, 2025 and incorporate cover‑page rows for power and ownership. The filings quantify shared voting/dispositive power and include a footnote tying warrant underlying shares into the percent calculation.
Beneficial ownership percentages are explicitly anchored to the issuer's reported outstanding shares from the 424B5 dated April 20, 2026; any change in outstanding shares or exercises would change these percentages in later amendments.
Reported securities15,806,503 sharesshared beneficial ownership reported by Saba
Ordinary shares included11,640,503 Ordinary Sharespart of the 15,806,503 total
Warrants (Tranche A)2,083,000 underlying sharesTranche A public warrants underlying amount
Warrants (Tranche B)2,083,000 underlying sharesTranche B public warrants underlying amount
Percent of class12.02%calculated using the specified denominator
Shares outstanding (denominator)127,328,004 Ordinary Sharesoutstanding as of <date>March 31, 2026</date>
Key Terms
Tranche A Public Warrants, shared dispositive power, Joint Filing Agreement, 424B5
4 terms
Tranche A Public Warrantsfinancial
"2,083,000 Ordinary Shares Underlying Tranche A Public Warrants"
shared dispositive powerregulatory
"Shared Dispositive Power 15,806,503.00"
Joint Filing Agreementregulatory
"Joint Filing Agreement, dated January 30, 2025"
424B5regulatory
"as reported on the 424B5 filed by the Issuer on April 20, 2026"
Form 424B5 is a final prospectus document filed with the SEC that delivers the definitive terms of a securities offering after a company’s registration statement becomes effective. It gives investors the concrete details they need — price, number of shares, intended use of proceeds, and updated risk information — much like a product label that lists exact specifications before you decide to buy. Investors use it to verify final deal terms and assess potential impact on their holdings.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 6)
Vertical Aerospace Ltd.
(Name of Issuer)
Common Shares, $0.001 par value and Warrants
(Title of Class of Securities)
G9471C206
(CUSIP Number)
03/31/2026
(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 31, 2026 as reported on the 424B5 filed by the Issuer on April 20, 2026, (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 31, 2026 as reported on the 424B5 filed by the Issuer on April 20, 2026, (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 31, 2026 as reported on the 424B5 filed by the Issuer on April 20, 2026, (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:
05/15/2026
Boaz R. Weinstein
Signature:
/s/ Michael D'Angelo
Name/Title:
Authorized Signatory
Date:
05/15/2026
Saba Capital Management GP, LLC
Signature:
/s/ Michael D'Angelo
Name/Title:
Attorney-in-fact*
Date:
05/15/2026
Comments accompanying signature: *** Pursuant to a Power of Attorney dated as of November 16, 2015
What stake does Saba Capital report in Vertical Aerospace (EVTL)?
The filing reports shared beneficial ownership of 15,806,503 securities, equal to 12.02% of the class, combining ordinary shares and warrant‑underlying shares.
How is the 12.02% ownership calculated for EVTL?
The percentage uses a denominator of 127,328,004 Ordinary Shares outstanding as of March 31, 2026, plus the 2,083,000 shares underlying each Tranche A and B public warrant.
Which securities are included in Saba's reported position in EVTL?
The reported position includes 11,640,503 Ordinary Shares and 2,083,000 Ordinary Shares underlying each of the Tranche A and Tranche B public warrants.
Do the Reporting Persons claim sole control over EVTL shares?
No. The filing shows 0 sole voting and dispositive power and reports the position as shared voting and shared dispositive power for the Reporting Persons.
What joint‑filing arrangement is disclosed by Saba in the EVTL filing?
The Reporting Persons state a Joint Filing Agreement dated January 30, 2025 and agree to file jointly under Rule 13d‑1(k)(1).
