Vertical Aerospace Ltd. Schedule 13G reports that Citadel-related entities and Mr. Kenneth Griffin disclose shared beneficial ownership positions in the company's Ordinary Shares. Citadel Advisors LLC, Citadel Advisors Holdings LP and Citadel GP LLC each report 5,675,095 shares (4.4%). Citadel Securities LLC reports 380,923 shares (0.3%) and Citadel Securities Group LP and Citadel Securities GP LLC each report 580,788 shares (0.5%). Mr. Kenneth Griffin is reported as beneficial owner of 6,255,883 shares (4.9%). The filing states 128,828,004 Shares outstanding as of March 30, 2026, which includes 1,500,000 shares issuable upon conversion of warrants.
Positive
None.
Negative
None.
Insights
Large asset manager shows passive shared holdings below 5% threshold for some entities.
The filing lists shared voting and dispositive power across multiple Citadel entities and a reported position by Mr. Kenneth Griffin of 6,255,883 shares. The schedule clarifies composition of the outstanding share base as 128,828,004 shares as of March 30, 2026.
Impact depends on whether holdings are passive; the statement uses joint-filing structure and power-of-attorney language. Subsequent disclosures would be needed to show any change in intent or active engagement.
Key Figures
Shares outstanding:128,828,004 sharesCitadel Advisors position:5,675,095 sharesCitadel Securities position:380,923 shares+2 more
5 metrics
Shares outstanding128,828,004 sharesas of March 30, 2026 (includes 1,500,000 issuable warrants)
Citadel Advisors position5,675,095 sharesreported as 4.4% of class
Citadel Securities position380,923 sharesreported as 0.3% of class
Citadel Securities Group position580,788 sharesreported as 0.5% of class
Kenneth Griffin position6,255,883 sharesreported as 4.9% of class
Key Terms
Schedule 13G, shared dispositive power, beneficially own, issuable upon conversion
4 terms
Schedule 13Gregulatory
"This is being jointly filed by Citadel Advisors LLC"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
shared dispositive powerfinancial
"Shared Dispositive Power 5,675,095.00"
beneficially ownregulatory
"may be deemed to beneficially own 5,675,095 Shares"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
issuable upon conversionmarket
"1,500,000 Shares issuable upon conversion of certain warrants"
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Vertical Aerospace Ltd.
(Name of Issuer)
Ordinary Shares, par value $0.001 per share (the "Shares")
(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
Citadel Advisors 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
5,675,095.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
5,675,095.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
5,675,095.00
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)
4.4 %
12
Type of Reporting Person (See Instructions)
IA, HC, OO
Comment for Type of Reporting Person: The percentages reported in this Schedule 13G are based upon 128,828,004 Shares outstanding comprised of (i) 127,328,004 Shares outstanding as of March 30, 2026 (according to correspondence with the issuer), and (ii) 1,500,000 Shares issuable upon conversion of certain warrants held by affiliates of the reporting persons. Except as described in the preceding sentence, all Shares for the holdings of the reporting persons reported in this Schedule 13G are as of the opening of the market on April 6, 2026.
SCHEDULE 13G
CUSIP Number(s):
G9471C206
1
Names of Reporting Persons
Citadel Advisors Holdings LP
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
5,675,095.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
5,675,095.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
5,675,095.00
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)
4.4 %
12
Type of Reporting Person (See Instructions)
HC, PN
SCHEDULE 13G
CUSIP Number(s):
G9471C206
1
Names of Reporting Persons
Citadel 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
5,675,095.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
5,675,095.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
5,675,095.00
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)
4.4 %
12
Type of Reporting Person (See Instructions)
HC, OO
SCHEDULE 13G
CUSIP Number(s):
G9471C206
1
Names of Reporting Persons
Citadel Securities 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
380,923.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
380,923.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
380,923.00
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)
0.3 %
12
Type of Reporting Person (See Instructions)
BD, OO
SCHEDULE 13G
CUSIP Number(s):
G9471C206
1
Names of Reporting Persons
Citadel Securities Group LP
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
580,788.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
580,788.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
580,788.00
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)
0.5 %
12
Type of Reporting Person (See Instructions)
HC, PN
SCHEDULE 13G
CUSIP Number(s):
G9471C206
1
Names of Reporting Persons
Citadel Securities 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
580,788.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
580,788.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
580,788.00
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)
0.5 %
12
Type of Reporting Person (See Instructions)
HC, OO
SCHEDULE 13G
CUSIP Number(s):
G9471C206
1
Names of Reporting Persons
Kenneth Griffin
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
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
6,255,883.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
6,255,883.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
6,255,883.00
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)
4.9 %
12
Type of Reporting Person (See Instructions)
HC, IN
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:
This Schedule 13G is being jointly filed by Citadel Advisors LLC ("Citadel Advisors"), Citadel Advisors Holdings LP ("CAH"), Citadel GP LLC ("CGP"), Citadel Securities LLC ("Citadel Securities"), Citadel Securities Group LP ("CALC4"), Citadel Securities GP LLC ("CSGP") and Mr. Kenneth Griffin (collectively with Citadel Advisors, CAH, CGP, Citadel Securities, CALC4 and CSGP, the "Reporting Persons") with respect to the Shares of the above-named issuer owned by Citadel Multi-Strategy Equities Master Fund Ltd., a Cayman Islands company ("CM"), Citadel Securities and CRBU Holdings LLC, a Delaware limited liability company ("CRBH"). Such owned Shares may include other instruments exercisable for or convertible into Shares.
Citadel Advisors is the portfolio manager for CM. CAH is the sole member of Citadel Advisors. CGP is the general partner of CAH. CALC4 is the non-member manager of Citadel Securities and CRBH. CSGP is the general partner of CALC4. Mr. Griffin is the President and Chief Executive Officer of CGP, and owns a controlling interest in CGP and CSGP.
The filing of this statement shall not be construed as an admission that any of the Reporting Persons is the beneficial owner of any securities covered by the statement other than the securities actually owned by such person (if any).
(b)
Address or principal business office or, if none, residence:
The address of each of the Reporting Persons is 830 Brickell Plaza, Miami, Florida 33131.
(c)
Citizenship:
Each of Citadel Advisors, CGP, Citadel Securities and CSGP is organized as a limited liability company under the laws of the State of Delaware. Each of CALC4 and CAH is organized as a limited partnership under the laws of the State of Delaware. Mr. Griffin is a U.S. citizen.
(d)
Title of class of securities:
Ordinary Shares, par value $0.001 per share (the "Shares")
(e)
CUSIP Number(s):
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:
1. Each of Citadel Advisors LLC, Citadel Advisors Holdings LP and Citadel GP LLC may be deemed to beneficially own 5,675,095 Shares.
2. Citadel Securities LLC may be deemed to beneficially own 380,923 Shares.
3. Each of Citadel Securities Group LP and Citadel Securities GP LLC may be deemed to beneficially own 580,788 Shares.
4. Mr. Griffin may be deemed to beneficially own 6,255,883 Shares.
(b)
Percent of class:
1. The number of Shares that each of Citadel Advisors LLC, Citadel Advisors Holdings LP and Citadel GP LLC may be deemed to beneficially own constitutes 4.4% of the Shares outstanding.
2. The number of Shares that Citadel Securities LLC may be deemed to beneficially own constitutes 0.3% of the Shares outstanding.
3. The number of Shares that each of Citadel Securities Group LP and Citadel Securities GP LLC may be deemed to beneficially own constitutes 0.5% of the Shares outstanding.
4. The number of Shares that Mr. Griffin may be deemed to beneficially own constitutes 4.9% of the Shares outstanding.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
1. Each of Citadel Advisors LLC, Citadel Advisors Holdings LP and Citadel GP LLC: 0
2. Citadel Securities LLC: 0
3. Each of Citadel Securities Group LP and Citadel Securities GP LLC: 0
4. Mr. Griffin: 0
(ii) Shared power to vote or to direct the vote:
1. Each of Citadel Advisors LLC, Citadel Advisors Holdings LP and Citadel GP LLC: 5,675,095
2. Citadel Securities LLC: 380,923
3. Each of Citadel Securities Group LP and Citadel Securities GP LLC: 580,788
4. Mr. Griffin: 6,255,883
(iii) Sole power to dispose or to direct the disposition of:
1. Each of Citadel Advisors LLC, Citadel Advisors Holdings LP and Citadel GP LLC: 0
2. Citadel Securities LLC: 0
3. Each of Citadel Securities Group LP and Citadel Securities GP LLC: 0
4. Mr. Griffin: 0
(iv) Shared power to dispose or to direct the disposition of:
1. Each of Citadel Advisors LLC, Citadel Advisors Holdings LP and Citadel GP LLC: 5,675,095
2. Citadel Securities LLC: 380,923
3. Each of Citadel Securities Group LP and Citadel Securities GP LLC: 580,788
4. Mr. Griffin: 6,255,883
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
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.
Citadel Advisors LLC
Signature:
/s/ Seth Levy
Name/Title:
Seth Levy, Authorized Signatory
Date:
04/06/2026
Citadel Advisors Holdings LP
Signature:
/s/ Seth Levy
Name/Title:
Seth Levy, Authorized Signatory
Date:
04/06/2026
Citadel GP LLC
Signature:
/s/ Seth Levy
Name/Title:
Seth Levy, Authorized Signatory
Date:
04/06/2026
Citadel Securities LLC
Signature:
/s/ Seth Levy
Name/Title:
Seth Levy, Authorized Signatory
Date:
04/06/2026
Citadel Securities Group LP
Signature:
/s/ Seth Levy
Name/Title:
Seth Levy, Authorized Signatory
Date:
04/06/2026
Citadel Securities GP LLC
Signature:
/s/ Seth Levy
Name/Title:
Seth Levy, Authorized Signatory
Date:
04/06/2026
Kenneth Griffin
Signature:
/s/ Seth Levy
Name/Title:
Seth Levy, attorney-in-fact*
Date:
04/06/2026
Comments accompanying signature: * Seth Levy is signing on behalf of Kenneth Griffin as attorney-in-fact pursuant to a power of attorney previously filed with the Securities and Exchange Commission, and hereby incorporated by reference herein. The power of attorney was filed as an attachment to a filing by Citadel Advisors LLC on Schedule 13G for Allakos Inc. on October 13, 2023.
What stake does Citadel Advisors report in Vertical Aerospace (EVTL)?
Citadel Advisors LLC (and related Citadel entities) report 5,675,095 shares, or 4.4% of the outstanding Ordinary Shares. The percentage is calculated using 128,828,004 Shares outstanding as of March 30, 2026.
How many shares does Kenneth Griffin report owning in EVTL?
Kenneth Griffin is reported as beneficial owner of 6,255,883 shares, or 4.9% of the class. This figure appears in the joint filing that lists shared voting and dispositive power across Citadel entities.
What outstanding share count does the filing use for EVTL percentages?
The filing bases percentages on 128,828,004 Shares outstanding as of March 30, 2026, which includes 1,500,000 shares issuable upon conversion of certain warrants held by affiliates of the reporting persons.
Are these Citadel holdings reported as sole or shared voting power?
The filing shows 0 sole voting power and lists the positions under shared voting and dispositive power for the Citadel entities and for Mr. Griffin, indicating joint or shared control over the reported shares.
Does the Schedule 13G indicate active intent to influence Vertical Aerospace?
The filing is structured as a joint Schedule 13G reporting beneficial ownership with shared powers and a power-of-attorney signature; it does not state any explicit intent to influence management or control, nor does it assert activist intent.
