Saba Capital Reports 6.64% Passive Stake in Vertical Aerospace

Saba Capital Management and related parties have filed an amended Schedule 13G reporting a passive ownership stake in Vertical Aerospace Ltd. (EVTL).

Rhea-AI Filing Summary

Saba Capital Management and related parties have filed an amended Schedule 13G reporting a passive ownership stake in Vertical Aerospace Ltd. (EVTL). The Reporting Persons disclose beneficial ownership of 8,115,044 common shares and warrants, representing 6.64% of the class. This figure is based on 122,126,286 securities outstanding, including 99,787,293 ordinary shares and 22,338,993 warrants, as described in a company prospectus. The position includes 3,949,044 ordinary shares and 4,166,000 ordinary shares underlying Tranche A and Tranche B public warrants. Voting and dispositive power over these securities is reported as shared, with no sole power. The filing certifies that the securities were not acquired and are not held for the purpose of changing or influencing control of Vertical Aerospace, and that the economic benefits belong to funds and accounts advised by Saba Capital.

FAQ

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

What ownership stake in EVTL does Saba Capital report in this Schedule 13G/A?

The Reporting Persons disclose beneficial ownership of 8,115,044 Vertical Aerospace common shares and related warrants, representing 6.64% of the outstanding class.

Who are the reporting persons in the Vertical Aerospace (EVTL) Schedule 13G/A?

The filing is made jointly by Saba Capital Management, L.P., Saba Capital Management GP, LLC, and Boaz R. Weinstein, together referred to as the Reporting Persons.

How is the 6.64% ownership percentage in EVTL calculated in this filing?

The 6.64% is based on 122,126,286 securities outstanding, consisting of 99,787,293 ordinary shares and 22,338,993 warrants, as disclosed in a company prospectus filed on January 8, 2026.

What types of Vertical Aerospace securities are included in Saba Capital’s reported position?

The position includes 3,949,044 ordinary shares and 4,166,000 ordinary shares underlying public warrants, split equally between 2,083,000 Tranche A and 2,083,000 Tranche B public warrants.

Is Saba Capital’s stake in Vertical Aerospace (EVTL) reported as passive or activist?

The certification states the securities were not acquired and are not held for the purpose of changing or influencing control of Vertical Aerospace, indicating a passive investment intent.

Who ultimately receives the economic benefits from the EVTL securities reported in this Schedule 13G/A?

The filing notes that funds and accounts advised by Saba Capital have the right to receive dividends and proceeds from the sale of the Vertical Aerospace common stock.

What voting and dispositive power do the reporting persons have over EVTL shares?

Each reporting person shows 0 sole voting and dispositive power and 8,115,044 shared voting and shared dispositive power over the Vertical Aerospace securities.

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Accepted by SEC EDGAR 01/12/2026 - 05:42 PM EST Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 4)

Vertical Aerospace Ltd.

(Name of Issuer)

Common Shares, $0.001 par value and Warrants

(Title of Class of Securities)

G9471C206

(CUSIP Number)

12/31/2025

(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)

SCHEDULE 13G

CUSIP No. 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 8,115,044.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 8,115,044.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

8,115,044.00

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)

6.64 %

12

Type of Reporting Person (See Instructions)

PN, IA

Comment for Type of Reporting Person: The percentages used herein are calculated based upon 122,126,286 shares outstanding, which includes (i) 99,787,293 Ordinary Shares and (ii) 22,338,993 Warrants, as disclosed in the company's 424B3 (Prospectus) filed 1/8/26. Rows 6, 8, and 9 include (i) 3,949,044 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.

SCHEDULE 13G

CUSIP No. 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 8,115,044.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 8,115,044.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

8,115,044.00

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)

6.64 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: The percentages used herein are calculated based upon 122,126,286 shares outstanding, which includes (i) 99,787,293 Ordinary Shares and (ii) 22,338,993 Warrants, as disclosed in the company's 424B3 (Prospectus) filed 1/8/26. Rows 6, 8, and 9 include (i) 3,949,044 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.

SCHEDULE 13G

CUSIP No. 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 8,115,044.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 8,115,044.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

8,115,044.00

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)

6.64 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: The percentages used herein are calculated based upon 122,126,286 shares outstanding, which includes (i) 99,787,293 Ordinary Shares and (ii) 22,338,993 Warrants, as disclosed in the company's 424B3 (Prospectus) filed 1/8/26. Rows 6, 8, and 9 include (i) 3,949,044 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.

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:	01/12/2026

Boaz R. Weinstein

Signature:	/s/ Michael D'Angelo
Name/Title:	Authorized Signatory
Date:	01/12/2026

Saba Capital Management GP, LLC

Signature:	/s/ Michael D'Angelo
Name/Title:	Attorney-in-fact*
Date:	01/12/2026