Redwire Corp (NYSE: RDW) fund entities exercise 2M warrants and sell 1.07M shares
Rhea-AI Filing Summary
On June 11, 2026, reporting entities including AE Red Holdings and AE Industrial Partners funds exercised 2,000,000 warrants for Redwire common stock at $11.50 per share on a cashless basis, with the issuer withholding some shares and issuing 929,435 shares. They also reported a sale of 1,070,565 common shares at $21.484 per share. After these indirect transactions, the reporting group held 1,077,419 common shares, with voting and dispositive power shared by directors Michael Greene and David H. Rowe and beneficial ownership disclaimed except for pecuniary interests.
Positive
- None.
Negative
- None.
Insights
All reported warrants were exercised cashlessly, increasing equity and removing this derivative overhang.
The filing shows a fund-affiliated holder exercising warrants for 2,000,000 Redwire common shares at $11.50 per share on a cashless basis. Instead of paying cash, 1,070,565 shares were withheld to cover the exercise price, and 929,435 net shares were issued.
This fully eliminates the 2,000,000 warrants referenced, simplifying the capital structure while increasing the holder’s indirect common stock position to 2,147,984 shares. Because this is an in-the-money cashless exercise rather than an open-market trade, the signal is mainly structural, not a clear bullish or bearish view on the stock.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
3 txns
Insider
AE RED HOLDINGS, LLC, GREENE MICHAEL ROBERT, ROWE DAVID H., AE INDUSTRIAL PARTNERS FUND II-B, LP, AE INDUSTRIAL PARTNERS FUND II, LP, AE INDUSTRIAL PARTNERS FUND II-A, LP, AEROEQUITY GP, LLC
Role
Director | Director, 10% Owner | Director, 10% Owner | Director, 10% Owner | Director, 10% Owner | Director, 10% Owner | Director, 10% Owner
Sold
1,070,565 shs ($23.00M)
Approx. gross sale proceeds
$23.00M
Approx. exercise cost
$23.00M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| In-the-Money Exercise | Warrants | 2,000,000 | $0.00 | $0.00 |
| In-the-Money Exercise | Common Stock, par value $0.0001 per share | 2,000,000 | $11.50 | $23.00M |
| Sale | Common Stock, par value $0.0001 per share | 1,070,565 | $21.484 | $23.00M |
Holdings After Transaction:
Warrants — 0 shares (Indirect, See footnotes);
Common Stock, par value $0.0001 per share — 1,077,419 shares (Indirect, See footnotes)
Footnotes (4)
- F1. On June 11, 2026, the reporting person exercised warrants to purchase 2,000,000 shares of the Issuer's common stock for $11.50 a share. The reporting person paid the exercise price on a cashless basis, resulting in the Issuer withholding 1,070,565 of the warrant shares to pay the exercise price and issuing the reporting person the remaining 929,435 shares.
- F2. Voting and dispositive power with respect to the securities held by AE Red Holdings, LLC ("AE Red") and the AE Funds (as defined below) is exercised by Michael Greene and David H. Rowe, the managing members of AeroEquity GP, LLC, which is the general partner of AE Industrial Partners Fund II GP, LP ("AE Fund II GP"). AE Fund II GP is the general partner of the AE Funds (as defined below). AE Industrial Partners Fund II-B, LP ("AE Fund II-B"), AE Industrial Partners Fund II, LP ("AE Fund II LP") and AE Industrial Partners Fund II-A, LP ("AE Fund II-A" and together with AE Fund II-B and AE Fund II LP, the "AE Funds") are the controlling equityholders of AE Red.
- F3. Each of the foregoing entities and individuals disclaims beneficial ownership of the shares reported hereby, except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
- F4. The warrants will expire five years after the date of the Issuer's business combination (subject to certain exceptions provided by the governing warrant agreement).
Key Figures
Warrants Exercised: 2,000,000 shares
Warrant Exercise Price: $11.5000 per share
Shares Sold: 1,070,565 shares
+4 more
7 metrics
Warrants Exercised
2,000,000 shares
Warrants for common stock exercised on June 11, 2026
Warrant Exercise Price
$11.5000 per share
Cashless exercise price for 2,000,000 warrants
Shares Sold
1,070,565 shares
Indirect sale of common stock at $21.4840 per share
Sale Price
$21.4840 per share
Reported price for 1,070,565 common shares sold
Shares Issued on Exercise
929,435 shares
Common shares issued to reporting persons after cashless warrant exercise
Post-transaction Holding
1,077,419 shares
Indirect common stock holding after June 11, 2026 transactions
Warrant Expiry
five years
Warrants expire five years after Redwire’s business combination
Key Terms
cashless basis, dispositive power, beneficial ownership, pecuniary interest, +1 more
5 terms
cashless basis financial
"paid the exercise price on a cashless basis, resulting in the Issuer withholding"
An agreement executed on a cashless basis lets a holder convert or exercise a security (like options, warrants, or conversion rights) without paying money upfront; instead the holder receives a smaller number of shares equal in value to what the cash would have purchased. Think of trading a coupon for fewer slices of a cake rather than handing over cash for the full slice. For investors, it affects how much ownership and dilution occur and avoids immediate cash outlays.
dispositive power financial
"Voting and dispositive power with respect to the securities held by AE Red Holdings"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
beneficial ownership financial
"disclaims beneficial ownership of the shares reported hereby, except to the extent"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent of their pecuniary interest therein, and this report shall"
Section 16 regulatory
"beneficial owner of the securities for purposes of Section 16 or for any other"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Redwire Corp (RDW) report on June 11, 2026?
Redwire reported that affiliated entities exercised 2,000,000 warrants for common stock at $11.50 per share on a cashless basis and reported a sale of 1,070,565 shares at $21.484 per share, leaving them with 1,077,419 indirect shares.
How many Redwire (RDW) warrants were exercised and at what price?
The reporting group exercised 2,000,000 warrants to purchase Redwire common stock at an exercise price of $11.50 per share. According to the disclosure, the transaction was completed on a cashless basis, with shares withheld to cover the aggregate exercise cost.
Were Redwire (RDW) insider trades made under a Rule 10b5-1 plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed, and the footnotes do not reference any pre-arranged trading plan. The transactions therefore are not disclosed as being under a Rule 10b5-1 plan.
When do the Redwire (RDW) warrants referenced in this Form 4 expire?
The warrants referenced will expire five years after the date of Redwire’s business combination, subject to exceptions in the governing warrant agreement. This gives a defined time window for any remaining exercises under those warrants.