SCHEDULE: Redwire Major Shareholders Reduce Stake Amid Open Market Sales

Key reporting persons, including AE Red Holdings and Michael Robert Greene, have reduced their beneficial ownership in Redwire Corp through recent open market transactions.

Summary

• AE Red Holdings, LLC, Edge Autonomy Ultimate Holdings, LP, Michael Robert Greene, David H Rowe, and various AE Industrial Partners funds are reporting persons.
• The filing is an Amendment No. 11 to Schedule 13D, reflecting a reduction in beneficial ownership due to open market sales of Common Stock by the reporting persons.
• As of the filing date, the aggregate beneficial ownership for the group (Michael Robert Greene, David H Rowe, and Aeroequity GP, LLC) is 93,107,956 shares, representing 51.0% of Redwire Corp's Common Stock.
• This ownership includes 75,860,370 shares of Common Stock, 2,000,000 shares issuable upon exercise of warrants, and 15,247,586 shares issuable upon conversion of 46,505.13 shares of Series A Convertible Preferred Stock.
• The calculation of ownership percentage is based on 165,150,783 shares of Common Stock outstanding as of October 31, 2025, plus additional shares from warrants and convertible preferred stock.
• AE Red Holdings, LLC directly beneficially owns 31,604,241 shares of Common Stock and 2,000,000 warrants, and indirectly owns 107,469 shares.
• Edge Autonomy Ultimate Holdings, LP directly beneficially owns 44,148,660 shares of Common Stock.
• AE Industrial Partners Fund II-B, LP, AE Industrial Partners Fund II, LP, AE Industrial Partners Fund II-A, LP, and AE Industrial Partners Structured Solutions I, LP hold varying amounts of Series A Convertible Preferred Stock convertible into Common Stock, and also have indirect beneficial ownership through Holdings and Seller.

Sentiment

Score: 4

Explanation: The sentiment is moderately negative due to significant open market sales by a group of major beneficial owners, which can be interpreted as a reduction in confidence or a strategic divestment, potentially impacting investor perception.

Negatives

• Significant reporting persons have reduced their beneficial ownership in Redwire Corp through open market sales.
• A total of 5,127,071 shares of Common Stock were sold in open market transactions between January 9, 2026, and January 12, 2026.

Risks

• Sales by significant shareholders could be interpreted by the market as a lack of confidence in the company's future prospects, potentially leading to downward pressure on the stock price.
• A reduction in ownership by major investors may decrease their vested interest in the company's long-term performance and strategic direction.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This filing primarily concerns changes in beneficial ownership by a group of significant shareholders and does not provide specific insights into broader industry trends or competitive landscape for Redwire Corp.

Related Party Transactions

• The sales of Common Stock were conducted by the reporting persons, who are significant beneficial owners of Redwire Corp, making these related party transactions.

Stakeholder Impact

• Shareholders may view the reduction in ownership by major investors as a negative signal, potentially influencing their investment decisions.
• The market could react to these sales with increased volatility or downward pressure on the stock price.

Key Dates

Recommendation

The filing indicates significant open market sales by a group of major beneficial owners, including entities associated with AE Industrial Partners. While the reasons for these sales are not disclosed (e.g., portfolio rebalancing vs. fundamental concerns), such divestment by key stakeholders typically warrants caution. Investors should hold their positions and monitor future company performance and any further disclosures, as these sales could signal a lack of conviction or a strategic shift by these large holders. A 'buy' recommendation is not supported given the selling pressure from major shareholders, and a 'sell' recommendation would require more information on the company's fundamentals beyond this ownership filing.

Keywords

Redwire Corp, Schedule 13D/A, Beneficial Ownership, Share Sales, Institutional Investors, Common Stock, Warrants, Convertible Preferred Stock, SEC Filing, AE Industrial Partners