V2X (VVX) Insider Report: 1.7M Shares Sold; Indirect Holdings Disclosed
Rhea-AI Filing Summary
Form 4 filing for V2X, Inc. (VVX) reports insider transactions by Director Dino M. Cusumano. The earliest reported transaction occurred on 09/11/2025 and shows a sale of 1,700,000 shares of common stock at a price of $52.203 per share. After the reported transactions, the filing lists 8,000,001 shares beneficially owned indirectly by Vertex Aerospace Holdco LLC and 375,420 shares beneficially owned indirectly by Lightship Capital LLC. The filing explains these holdings arise through a chain of affiliated entities and notes that any action by AIP GP requires unanimous managing member approval. The reporting form was signed by an attorney-in-fact on 09/15/2025.
Positive
- None.
Negative
- None.
Insights
TL;DR: Director sold 1.7M shares at $52.203; significant outright sale reported while indirect holdings remain via affiliated entities.
The transaction shows a substantial sale by or on behalf of the reporting person on 09/11/2025, reducing beneficial ownership held by the directly reported entities. The filing clearly discloses the ownership chain: Vertex Holdco and Lightship hold the reported indirect stakes, with AIP GP and fund structures described. The sale price and share count are explicitly stated, enabling straightforward calculation of proceeds from the sale. Disclosure of voting/dispositive arrangements and the unanimous vote requirement for AIP GP adds governance context but does not quantify economic interests beyond pecuniary disclaimers provided.
TL;DR: Filing documents transaction and ownership through affiliated vehicles and disclaimers, clarifying voting/dispositive mechanics.
The Form 4 provides detailed attribution of indirect holdings to Vertex Aerospace Holdco LLC and Lightship Capital LLC and explains the governance structure of AIP GP, including the unanimous vote requirement for actions. The reporting person is identified as a senior managing member of AIP GP and a board member of the issuer, and the filing includes the customary disclaimer of beneficial ownership except for pecuniary interest. Signature by an attorney-in-fact is included, indicating the report was submitted by an authorized representative.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,700,000 | $52.203 | $88.75M |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- These shares are held directly by Vertex Aerospace Holdco LLC ("Vertex Holdco"). AIPCF VI LLC ("AIP GP") is the general partner of American Industrial Partners Capital Fund VI, L.P. ("AIP Fund VI"), the managing member of AIP Vertex GP LLC, which is the general partner of AIPCF VI Vertex Aerospace Funding LP ("Vertex Funding"). Vertex Holdco is a direct, wholly owned subsidiary of Vertex Funding. These shares are held directly by Lightship Capital LLC ("Lightship"). AIP GP is the general partner of AIPCF VI Credit Opportunity Fund, LP, which is the sole member of Lightship. Any action by AIP GP with respect to these shares, including voting and dispositive decisions, requires a unanimous vote of the managing members of AIP GP. The Reporting Person is a senior managing member of AIP GP and also serves as a member of the Board of Directors of the Issuer. Accordingly, the Reporting Person may be deemed to share voting and dispositive power with respect to the shares held by Vertex Holdco and Lightship. (Continued from Footnote 3) The Reporting Person disclaims beneficial ownership of the shares of common stock held by Vertex Holdco and Lightship, except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purpose.
