Form 4: Solus Alternative Asset Management and Director Christopher Pucillo Divest Over 45,000 Bristow Group Shares

Solus Alternative Asset Management LP, along with its general partner Solus GP LLC and managing member Christopher Pucillo, reported the sale of 45,857 shares of Bristow Group Inc. common stock on June 12, 2025, for approximately $1.54 million.

Summary

• Solus Alternative Asset Management LP, a 10% owner of Bristow Group Inc. (VTOL), along with its general partner Solus GP LLC and managing member Christopher Pucillo (who is also a Director and 10% owner), reported the sale of common stock.
• On June 12, 2025, a total of 45,857 shares of Bristow Group Inc. common stock were sold in two separate transactions.
• The first transaction involved the sale of 20,000 shares at a weighted average price of $33.425 per share, with prices ranging from $33.4000 to $33.4500.
• The second transaction involved the sale of 25,857 shares at a weighted average price of $33.536 per share, with prices ranging from $33.5000 to $33.6000.
• Following these transactions, the indirect beneficial ownership of the reporting persons, held through various funds and accounts managed by Solus, stands at 3,076,796 shares.
• The estimated total proceeds from these sales amount to approximately $1,536,400.55.

Sentiment

Score: 3

Explanation: The sale of a significant number of shares by a 10% owner and director typically indicates a negative sentiment from the insider regarding the company's future prospects or current valuation.

Negatives

• A significant sale of 45,857 shares by a 10% owner and director (Christopher Pucillo) could be interpreted by the market as a lack of confidence in the company's future prospects or valuation.
• The total value of shares sold is approximately $1.54 million, representing a notable divestment by a key stakeholder.

Risks

• Potential negative market perception due to insider selling, which could lead to downward pressure on Bristow Group Inc.'s stock price.
• The sales by a 10% owner and director might signal internal concerns about the company's performance or outlook that are not yet public.

Future Outlook

This SEC Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Management Comments

• The Reporting Persons undertake 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 herein.
• Pursuant to Rule 16a-1(a)(1), the Reporting Persons are not deemed to beneficially own the securities but have elected to file this Form 4 nevertheless.
• The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Securities Exchange Act of 1934, as amended.

Industry Context

This filing is an insider trading report specific to Bristow Group Inc. and does not provide broader industry context or trends. It reflects a specific divestment by a significant shareholder and director within the aerospace or aviation services sector.

Stakeholder Impact

• Shareholders: May interpret the insider selling as a negative signal, potentially leading to decreased investor confidence and downward pressure on the stock price.

Key Dates

Recommendation

Keywords

Bristow Group Inc., VTOL, SEC Form 4, Insider Trading, Beneficial Ownership, Stock Sale, Solus Alternative Asset Management, Christopher Pucillo, 10% Owner, Director, Equity Divestment