American Industrial Partners funds trim V2X (VVX) stake with 2.55M-share sale

Rhea-AI Filing Summary

V2X, Inc. insider entities associated with American Industrial Partners reported a large open-market sale of common stock. They sold 2,545,432 shares at $68.21 per share in a single transaction, and this position is held indirectly through affiliated investment vehicles rather than by individuals.

After the sale, one affiliated entity reported 2,004,569 shares of V2X common stock held indirectly, and another affiliated entity reported an indirect holding of 375,420 shares. The filing notes that managing members of the general partner share voting and dispositive power and each disclaims beneficial ownership beyond any pecuniary interest.

Insights

Equity ownership and governance analyst

Investment funds tied to V2X reduced a sizable indirect stake via open-market sale.

Affiliated funds of American Industrial Partners reported selling 2,545,432 shares of V2X, Inc. common stock at $68.21 per share. The transaction is coded as an open-market sale and reflects activity at the fund level, not by individual executives.

Following the sale, one affiliated entity reports holding 2,004,569 shares indirectly and another reports 375,420 shares indirectly. Footnotes explain a shared-voting arrangement at the general partner level and explicit disclaimers of beneficial ownership beyond pecuniary interests. This points to a portfolio-management decision by investment vehicles rather than a personal insider move.

The filing does not quantify V2X’s total shares outstanding, so the relative size of this disposition versus the company’s overall equity base cannot be assessed from this data alone. Future ownership disclosures in company filings may clarify how fund-level decisions affect the longer-term shareholder mix.

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

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X

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)
03/12/2026

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	03/12/2026		S		2,545,432	D	$68.21	2,004,569	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. Accordingly, each of the managing members of AIP GP may be deemed to share voting and dispositive power with respect to the shares held by the Reporting Persons.

4. (Continued from Footnote 3) Each of the managing members of AIP GP 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/ Stanley Edme, Managing Member and VP of AIPCF VI, LLC, general partner of American Industrial Partners Capital Fund VI, L.P.	03/16/2026
	/s/ Stanley Edme, Managing Member and VP of AIP Vertex GP LLC, general partner AIPCF VI Vertex Aerospace Funding LP	03/16/2026
	/s/ Joel M. Rotroff, President of Vertex Aerospace Holdco LLC	03/16/2026
	/s/ Stanley Edme, Managing Member and VP of AIPCF VI, LLC	03/16/2026
	/s/ Stanley Edme, VP of Lightship Capital LLC	03/16/2026
	** Signature of Reporting Person	Date
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FAQ

What did American Industrial Partners-related entities do in this V2X (VVX) Form 4 filing?

Entities affiliated with American Industrial Partners reported an open-market sale of 2,545,432 V2X common shares at $68.21 per share. The transaction reflects trading by investment vehicles that are ten-percent owners, rather than by individual company officers or directors.

How many V2X (VVX) shares do the reporting entities hold after the disclosed transactions?

After the reported sale, one affiliated entity holds 2,004,569 V2X common shares indirectly, while another entity reports an indirect holding of 375,420 shares. These positions are controlled through investment structures with shared voting and dispositive power among managing members.

Who actually holds the V2X (VVX) shares mentioned in the Form 4 footnotes?

The Form 4 explains that shares are held directly by Vertex Aerospace Holdco LLC and Lightship Capital LLC. General partner entity AIPCF VI LLC oversees these vehicles, and its managing members may share voting and dispositive power over the reported V2X holdings.

Do the individuals behind American Industrial Partners claim beneficial ownership of the V2X (VVX) shares?

The footnotes state that each managing member of the general partner disclaims beneficial ownership of the V2X common stock beyond his pecuniary interest. Including these shares in the report is not considered an admission of beneficial ownership for Section 16 or other purposes.

Was the V2X (VVX) insider transaction a buy or a sell, and how is it coded?

The primary transaction is coded as "S", indicating a sale of common stock. It is described as an open-market or private sale of 2,545,432 shares, with the reporting entities classified as indirect owners through their investment structures.