[Form 4] V2X, Inc. Insider Trading Activity

Rhea-AI Filing Summary

American Industrial Partners-affiliated entities reported a Section 16 Form 4 disclosing an insider sale and current holdings in V2X, Inc. (VVX). On 09/11/2025 a sale (code S) of 1,700,000 shares of VVX common stock was reported at a price of $52.203 per share. After the reported transactions, the filing shows 8,000,001 shares beneficially owned indirectly by certain AIP-related entities and an additional 375,420 shares beneficially owned indirectly by Lightship Capital LLC, with all holdings described as indirect. The reporting persons include American Industrial Partners Capital Fund VI, L.P. and related entities; Mr. Dino Cusumano is identified as a senior managing member of AIP GP and a director of the issuer, and the filing includes the standard disclaimer of beneficial ownership by Mr. Cusumano except for pecuniary interest.

Positive

• None.

Negative

• Sale disclosed: Reporting persons sold 1,700,000 VVX shares on 09/11/2025 at $52.203 per share
• Insider involvement: AIP-affiliated entities and a board member are linked to the holdings, which may be viewed as a material insider transaction by investors

Insights

Securities Analyst

TL;DR: AIP-affiliated entities sold 1.7M VVX shares at $52.203 but continue to hold multi-million share indirect positions.

The Form 4 documents an open-market sale of 1,700,000 shares on 09/11/2025 at $52.203 per share and reports continued indirect ownership of 8,000,001 and 375,420 shares by AIP-related entities and Lightship Capital LLC respectively. The filing lists multiple related entities and clarifies voting/dispositive arrangements requiring unanimous AIP GP managing member approval. This is a routine Section 16 disclosure showing a material sale by affiliated funds while retaining substantial indirect stakes; the filing contains no information on the use of proceeds, timing rationale, or any derivative positions.

Corporate Governance Expert

TL;DR: The report shows controlled ownership structures and a disclosure of potential shared voting power via a director who disclaims beneficial ownership.

The disclosures explain the ownership chain: Vertex Holdco is a subsidiary of Vertex Funding; AIP GP is general partner of the funds and manages certain entities. The form states that any action regarding the reported shares requires a unanimous vote of AIP GP's managing members, and notes that Dino Cusumano, a senior managing member, serves on the issuer's board but disclaims beneficial ownership except for pecuniary interest. Signatures from multiple AIP representatives are included, consistent with multiple reporting persons filing jointly.

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
Estimated average burden
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^*

American Industrial Partners Capital Fund VI, L.P.

(Last) (First) (Middle)

C/O AIP 450 LEXINGTON AVENUE, 40TH FLOOR

(Street)

NEW YORK NY 10017

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
V2X, Inc. [ VVX ]

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)
09/11/2025

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	09/11/2025		S		1,700,000	D	$52.203	8,000,001	I	See footnote(1)(3)(4)
Common Stock								375,420	I	See footnote(2)(3)(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

1. Name and Address of Reporting Person^*

American Industrial Partners Capital Fund VI, L.P.

(Last) (First) (Middle)

C/O AIP 450 LEXINGTON AVENUE, 40TH FLOOR

(Street)

NEW YORK NY 10017

(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^*

AIPCF VI Vertex Aerospace Funding LP

(Last) (First) (Middle)

C/O AIP 450 LEXINGTON AVENUE, 40TH FLOOR

(Street)

NEW YORK NY 10017

(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^*

Vertex Aerospace Holdco LLC

(Last) (First) (Middle)

C/O AIP 450 LEXINGTON AVENUE, 40TH FLOOR

(Street)

NEW YORK NY 10017

(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^*

AIPCF VI, LLC

(Last) (First) (Middle)

C/O AIP 450 LEXINGTON AVENUE, 40TH FLOOR

(Street)

NEW YORK NY 10017

(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^*

Lightship Capital LLC

(Last) (First) (Middle)

C/O AIP 450 LEXINGTON AVENUE, 40TH FLOOR

(Street)

NEW YORK NY 10017

(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. 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") and 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.

2. 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.

3. 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. Mr. Dino Cusumano is a senior managing member of AIP GP and also serves as a member of the Board of Directors of the Issuer. Accordingly, Mr. Cusumano may be deemed to share voting and dispositive power with respect to the shares held by the Reporting Persons.

4. (Continued from Footnote 3) Mr. Cusumano disclaims beneficial ownership of the shares of common stock held by the Reporting Persons, 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.

	/s/ Stan Edme, Managing Member and VP of AIPCF VI, LLC, general partner of American Industrial Partners Capital Fund VI, L.P.	09/15/2025
	/s/ Stan Edme, Managing Member and VP of AIP Vertex GP LLC, general partner AIPCF VI Vertex Aerospace Funding LP	09/15/2025
	/s/ Joel M. Rotroff, President of Vertex Aerospace Holdco LLC	09/15/2025
	/s/ Stan Edme, Managing Member and VP of AIPCF VI, LLC	09/15/2025
	/s/ Stan Edme, VP of Lightship Capital LLC	09/15/2025
	** 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 transaction did the Form 4 for VVX report?

The Form 4 reports a sale of 1,700,000 shares of V2X, Inc. common stock on 09/11/2025 at $52.203 per share.

How many VVX shares do the reporting persons beneficially own after the transaction?

The filing reports indirect beneficial ownership of 8,000,001 shares by certain AIP-related entities and 375,420 shares by Lightship Capital LLC following the reported transactions.

Who are the reporting persons on the Form 4?

Reporting persons include American Industrial Partners Capital Fund VI, L.P. and related entities (AIPCF VI Vertex Aerospace Funding LP, Vertex Aerospace Holdco LLC, AIPCF VI, LLC) and Lightship Capital LLC.

Does the filing indicate who controls voting or dispositive power?

Yes. The filing states that actions regarding the shares require a unanimous vote of the managing members of AIP GP, and that Dino Cusumano is a senior managing member of AIP GP and a director of the issuer but disclaims beneficial ownership except for pecuniary interest.

Are there any derivative securities reported in the Form 4?

No derivative securities are reported in Table II of this Form 4; only non-derivative common stock transactions are disclosed.