AE Industrial (RDW) affiliates convert preferred, sell 15.2M Redwire common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Redwire Corp’s major investment entities reported a large conversion and sale of shares. Affiliates of AE Industrial Partners converted 46,505.13 shares of Series A Convertible Preferred Stock into 15,247,586 shares of common stock at a conversion price of $3.05 per share. On the same date, they sold 9,588,077 common shares in a single transaction at $13.30 per share and 5,659,509 common shares in open-market trades at a weighted average price within a $13.01–$15.80 range. Michael Greene and David H. Rowe exercise voting and dispositive power over these entities but, along with the entities, disclaim beneficial ownership except to the extent of their pecuniary interest. Following these transactions, no Series A Convertible Preferred Stock remains outstanding for the reporting entities.
Positive
- None.
Negative
- None.
Insights
AE Industrial affiliates converted preferred into common and net-sold 15.25M Redwire shares.
Entities affiliated with AE Industrial Partners converted 46,505.13 shares of Series A Convertible Preferred Stock into 15,247,586 common shares at a stated conversion price of $3.05. They then sold the same number of common shares across two open-market sale entries.
The filing shows 9,588,077 shares sold at $13.30 in a single trade and 5,659,509 shares sold at a weighted average price, with individual trades ranging from $13.01 to $15.80. These are indirect holdings, controlled through AE Red Holdings and related funds, with Greene and Rowe holding voting and dispositive power but disclaiming beneficial ownership beyond pecuniary interest.
All reported Series A preferred shares are now converted, and the derivativeSummary is empty, indicating no remaining preferred position in this filing. Future position changes for these AE Industrial–related entities would appear in subsequent Section 16 reports, giving additional context on their ongoing exposure to Redwire common stock.
Insider Trade Summary
Net Seller: 15,247,586 shares ($209,584,305)
Net Sell
4 txns
Insider
AE RED HOLDINGS, LLC, GREENE MICHAEL ROBERT, ROWE DAVID H., AE INDUSTRIAL PARTNERS FUND II-B, LP, AE INDUSTRIAL PARTNERS FUND II, LP, AE INDUSTRIAL PARTNERS FUND II-A, LP, AEROEQUITY GP, LLC, AE INDUSTRIAL PARTNERS STRUCTURED SOLUTIONS I, LP
Role
null | null | null | null | null | null | null | null
Sold
15,247,586 shs ($209.58M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Series A Convertible Preferred Stock | 46,505.13 | $0.00 | -- |
| Conversion | Common Stock, par value $0.0001 per share | 15,247,586 | $3.05 | $46.51M |
| Sale | Common Stock, par value $0.0001 per share | 5,659,509 | $14.50 | $82.06M |
| Sale | Common Stock, par value $0.0001 per share | 9,588,077 | $13.30 | $127.52M |
Holdings After Transaction:
Series A Convertible Preferred Stock — 0 shares (Indirect, See footnotes);
Common Stock, par value $0.0001 per share — 15,376,026 shares (Indirect, See footnotes)
Footnotes (1)
- Voting and dispositive power with respect to the securities held by AE Red Holdings, LLC ("AE Red"), the AE Funds (as defined below) and AE Industrial Partners Structured Solutions I, LP ("AE Structured LP") is exercised by Michael Greene and David H. Rowe, the managing members of AeroEquity GP, LLC, which is the general partner of AE Industrial Partners Fund II GP, LP ("AE Fund II GP") and AE Industrial Partners Structured Solutions I GP, LP ("AE Structured GP"). AE Fund II GP and AE Structured GP are the general partners of the AE Funds (as defined below) and AE Structured LP, respectively. AE Industrial Partners Fund II-B, LP ("AE Fund II-B"), AE Industrial Partners Fund II, LP ("AE Fund II LP") and AE Industrial Partners Fund II-A, LP ("AE Fund II-A" and together with AE Fund II-B and AE Fund II LP, the "AE Funds") are the controlling equityholders of AE Red. Each of the foregoing entities and individuals disclaims beneficial ownership of the shares reported hereby, except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.01 to $15.80. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote 3 to this Form 4. These shares were sold in a single transaction at a price of $13.30. The number of shares of Series A Convertible Preferred Stock includes 6,505.13 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. The conversion price is subject to customary anti-dilution adjustments, including in the event of any stock split, stock dividend, recapitalization or similar events. 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 the Issuer's common stock upon the satisfaction of certain conditions.
Key Figures
Common shares sold (single trade): 9,588,077 shares at $13.30
Common shares sold (weighted average): 5,659,509 shares, $13.01–$15.80 range
Preferred-to-common conversion: 15,247,586 shares at $3.05
+4 more
7 metrics
Common shares sold (single trade)
9,588,077 shares at $13.30
Open-market sale on 2026-05-18
Common shares sold (weighted average)
5,659,509 shares, $13.01–$15.80 range
Open-market sales on 2026-05-18, weighted average price
Preferred-to-common conversion
15,247,586 shares at $3.05
Common shares received from preferred stock conversion
Series A Preferred converted
46,505.13 shares
Series A Convertible Preferred Stock converted to common
Preferred dividend rates
13% cash, 15% paid-in-kind
Annual dividend terms on Series A Convertible Preferred Stock
Post-sale common holding (one line)
9,716,517 shares
Total common shares shown following one reported sale
Smaller remaining common holding
128,440 shares
Common shares shown following another reported sale line
Key Terms
Series A Convertible Preferred Stock, paid-in-kind dividends, weighted average price, anti-dilution adjustments, +2 more
6 terms
Series A Convertible Preferred Stock financial
"The number of shares of Series A Convertible Preferred Stock includes 6,505.13 shares received as paid-in-kind dividends since the Reporting Person's most recent filing"
Series A convertible preferred stock is a class of shares sold in an early funding round that gives investors a mix of protection and upside: it pays a priority claim over common shares if the company is sold or closes, but can be converted into ordinary shares to share in future growth. Think of it like a hybrid between a safer stake and a ticket to ownership; it matters to investors because it affects who controls the company, how future gains are split, and how much their investment is protected from downside.
paid-in-kind dividends financial
"includes 6,505.13 shares received as paid-in-kind dividends since the Reporting Person's most recent filing"
weighted average price financial
"The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
anti-dilution adjustments financial
"The conversion price is subject to customary anti-dilution adjustments, including in the event of any stock split, stock dividend, recapitalization or similar events."
Anti-dilution adjustments are changes made to the ownership stakes or value of an investment to protect investors from having their shares become less valuable if the company issues new shares at a lower price. Imagine buying a piece of a pie, and then the pie is cut into more slices without increasing in size—these adjustments help ensure your slice still retains its worth. They matter to investors because they help preserve the value of their investment when the company’s share price drops.
fundamental change financial
"the Issuer must offer to repurchase each outstanding share of Series A Convertible Preferred Stock in the event of a fundamental change"
A fundamental change is a major shift in how a company or economy operates, like a new technology or a big change in leadership. It matters because such changes can affect the value or stability of investments, making them more or less attractive. Think of it like a major upgrade or shift in the rules of a game that can change the outcome.
pecuniary interest financial
"disclaims beneficial ownership of the shares reported hereby, except to the extent of their pecuniary interest therein"
FAQ
What insider transactions did AE Industrial affiliates report for Redwire (RDW)?
Affiliates of AE Industrial Partners reported converting 46,505.13 Series A Convertible Preferred shares into 15,247,586 common shares, then selling 9,588,077 shares at $13.30 and 5,659,509 shares in multiple trades within a $13.01–$15.80 range on the same date.
What happened to the Series A Convertible Preferred Stock of Redwire (RDW)?
All 46,505.13 reported Series A Convertible Preferred Stock shares were converted into 15,247,586 common shares at a $3.05 conversion price. After this conversion, the reporting entities show zero remaining preferred shares, and no derivative positions appear in the derivative summary.
How do dividends work on Redwire (RDW) Series A Convertible Preferred Stock?
The Series A Convertible Preferred Stock accrues dividends at 13% per year if paid in cash or 15% per year if paid in kind. Paid-in-kind dividends are added as additional preferred shares, increasing both preferred holdings and the related common stock underlying those preferred shares for each such dividend period.
Are there any special adjustment or conversion features on Redwire (RDW) preferred stock?
Yes. The conversion price of the Series A Convertible Preferred Stock is subject to customary anti-dilution adjustments for stock splits, stock dividends, recapitalizations, or similar events. The preferred is convertible at any time at the holder’s election and has no expiration date, with mandatory conversion or repurchase upon certain fundamental change conditions.