[Form 4] Redwire Corp Insider Trading Activity

Rhea-AI Filing Summary

Bain Capital Credit Member, LLC and related BCC Redwire Aggregator, L.P. reported a conversion and sale of Redwire Corp common stock. On 09/15/2025 the reporting persons converted Series A Convertible Preferred Stock into 11,000,000 shares of common stock at a conversion price of $3.05 per share. On 09/17/2025 those 11,000,000 common shares were sold at $7.83 per share, leaving 0 shares of common stock beneficially owned following the transaction. The filing discloses that the Series A preferred accrues dividends at 13% cash or 15% paid-in-kind and that preferred shares are convertible at holder election and held directly by the partnership BCC Redwire Aggregator, L.P., for which Bain Capital Credit Member, LLC is general partner and may be deemed to have indirect beneficial ownership.

Positive

• Conversion and sale prices disclosed: Conversion at $3.05 and sale at $7.83 are explicitly stated
• Transaction fully reported: Form 4 provides dates, amounts, and footnotes explaining preferred mechanics and ownership relationships

Negative

• No remaining common shares: Beneficial ownership of common stock is reported as 0 following the sale
• Potential loss of insider common ownership: The reporting persons disposed of the entire converted common position within two days

Insights

Financial Analyst

TL;DR: Reporting persons converted preferred into common and then sold the entire converted position within two days.

The filing shows a rapid two-step transaction: conversion of Series A Convertible Preferred Stock into 11,000,000 common shares at a conversion price of $3.05 on 09/15/2025, followed by a sale of those 11,000,000 shares at $7.83 on 09/17/2025, resulting in zero common shares held. The convertible preferred accrues dividends (13% cash or 15% PIK) and is held by BCC Redwire Aggregator, L.P. The structure identifies Bain Capital Credit Member, LLC as the general partner potentially possessing indirect beneficial ownership.

Corporate Governance Expert

TL;DR: Disclosure is clear on ownership changes and the reporting chain; the filing includes required conversion and sale details.

The Form 4 provides customary explanatory footnotes about conversion rights, dividend accrual mechanics, anti-dilution adjustments, mandatory conversion/repurchase on fundamental change, and the relationship between the partnership and its general partner. Signatures by Bain Capital Credit Member, LLC are included. The filing documents the complete disposition of beneficial common holdings following the reported transactions.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

BAIN CAPITAL CREDIT MEMBER, LLC

(Last) (First) (Middle)

200 CLARENDON STREET

(Street)

BOSTON MA 02116

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Redwire Corp [ RDW ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/15/2025		C		11,000,000	A	$3.05	11,000,000	I	See footnote(4)
Common Stock	09/17/2025		S		11,000,000	D	$7.83	0	I	See footnote(4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Series A Convertible Preferred Stock(1)	$3.05(3)	09/15/2025		C			31,719.43	(2)	(2)	Common Stock	11,000,000	$0	28,509.34(1)	I	See footnote(4)

1. Name and Address of Reporting Person^*

BAIN CAPITAL CREDIT MEMBER, LLC

(Last) (First) (Middle)

200 CLARENDON STREET

(Street)

BOSTON MA 02116

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

BCC Redwire Aggregator, L.P.

(Last) (First) (Middle)

C/O BAIN CAPITAL CREDIT MEMBER, LLC

200 CLARENDON STREET

(Street)

BOSTON MA 02116

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. The number of shares of Series A Convertible Preferred Stock includes 1,830.57 shares received as paid-in-kind dividends since the Reporting Person's most recent filing in transactions exempt under Rule 16a9(a). The Series A Convertible Preferred Stock accrues dividends, payable in cash or, at the option of the Issuer, paid in kind, at a rate of 13% per annum if paid in cash or 15% per annum if paid in kind, subject to certain adjustments. The number of shares of Series A Convertible Preferred Stock held by the Reporting Person and the shares of Common Stock underlying such Series A Convertible Preferred Stock will increase for each dividend period in which the Issuer elects to pay dividends payable with respect to the Series A Convertible Preferred Stock as dividends paid in kind.

2. The Series A Convertible Preferred Stock is convertible at any time, at the holder's election. The Series A Convertible Preferred Stock has no expiration date; however, the Issuer must offer to repurchase each outstanding share of Series A Convertible Preferred Stock in the event of a fundamental change and each share of Series A Convertible Preferred Stock will mandatorily convert into shares of Common Stock upon the satisfaction of certain conditions.

3. The conversion price is subject to customary anti-dilution adjustments, including in the event of any stock split, stock dividend, recapitalization or similar events.

4. The shares of Series A Convertible Preferred Stock are held directly by BCC Redwire Aggregator, L.P., a Delaware limited partnership ("BCCR"). Bain Capital Credit, Member, LLC, a Delaware limited liability company ("BCCM"), is the general partner of BCCR. As a result of the relationships described in this statement, BCCM may be deemed to possess indirect beneficial ownership of the shares of Common Stock held by BCCR. BCCM disclaims indirect beneficial ownership of the securities reported herein except to the extent of its pecuniary interest in such shares.

	By: Bain Capital Credit Member, LLC, /s/ Adriana Rojas Garzon, Associate General Counsel, Capital Markets	09/17/2025
	By: BCC Redwire Aggregator, L.P., by Bain Capital Credit Member, LLC, its general partner, /s/ Adriana Rojas Garzon, Associate General Counsel, Capital Markets	09/17/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What transactions did RDW insiders report on this Form 4?

The filing reports conversion of Series A Convertible Preferred Stock into 11,000,000 common shares on 09/15/2025 and sale of those 11,000,000 shares on 09/17/2025.

At what prices were the RDW shares converted and sold?

The Series A preferred converted at a conversion price of $3.05 per share and the resulting common shares were sold at $7.83 per share.

How many RDW common shares are beneficially owned after these transactions?

Following the reported transactions, the filing shows 0 shares of RDW common stock beneficially owned.

What dividend terms apply to the Series A Convertible Preferred Stock?

The Series A preferred accrues dividends at 13% per annum if paid in cash or 15% per annum if paid in kind, subject to adjustments.

Who holds the Series A Convertible Preferred Stock and what is the reporting relationship?

The Series A preferred is held directly by BCC Redwire Aggregator, L.P.. Bain Capital Credit Member, LLC is the general partner of that partnership and may be deemed to possess indirect beneficial ownership.