Form 4: AIP-Affiliated Funds Report 1,700,000 VVX Share Sale
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
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.
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.
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") 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. 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. 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. (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.
