Form 4: Green Equity Investors CF, L.P. Sells Shares of AerSale Corp (ASLE) to Issuer

Green Equity Investors CF, L.P. and related entities sold shares of AerSale Corp back to the company on March 14, 2025.

Summary

• On March 14, 2025, Green Equity Investors CF, L.P. ('Main CF') sold 4,736,965 shares of AerSale Corp (ASLE) common stock back to the issuer at a price of $7 per share.
• Following this transaction, Main CF directly owns 2,314,666 shares.
• Green Equity Investors Side CF, L.P. ('Side CF') also sold 1,690,670 shares at $7 per share, retaining 826,127 shares.
• Additionally, LGP Associates CF LLC ('Associates CF') sold 936 shares at $7 per share, holding 457 shares after the transaction.
• The reporting entities, including GEI Capital CF, LLC, Leonard Green & Partners, L.P., LGP Management, Inc., and Peridot Coinvest Manager LLC, may be deemed indirect beneficial owners but disclaim beneficial ownership except to the extent of their pecuniary interest.

Sentiment

Score: 4

Explanation: The sentiment is neutral to slightly negative due to the large sale of shares by a major investor, which could be interpreted as a lack of confidence or a strategic shift. However, the buyback by the company could also be seen as a positive sign of financial strength.

Risks

• The document indicates a significant sale of shares by Green Equity Investors CF, L.P. and related entities, which could potentially exert downward pressure on the stock price.

Industry Context

This filing indicates a significant transaction by a major shareholder, which is common in the investment lifecycle of companies backed by private equity firms. The sale of shares back to the issuer could be part of a broader strategy to manage the company's capital structure or provide liquidity to the selling shareholders.

Comparison to Industry Standards

• Share buybacks are a common mechanism for companies to return capital to shareholders, especially when they believe their stock is undervalued.
• Private equity firms like Green Equity Investors often reduce their stakes in portfolio companies over time, either through secondary offerings, sales to other investors, or buybacks by the company itself.
• The impact of such transactions on the stock price can vary depending on market conditions, investor sentiment, and the company's financial performance.

Stakeholder Impact

• Shareholders may experience short-term price volatility due to the sale of shares.
• The company's cash reserves will be reduced as a result of the share buyback.

Key Dates