10% Owner Aeroequity Gp, LLC sells 8,000,000 shares for $384.0M in 2 separate sales at $48.00 on 2026-06-01
Aeroequity Gp, LLC divested 8,000,000 shares (8.00M shares) through 2 separate open-market sales for $384,000,000.00 ($384.0M) at a blended average price of $48.00, reducing its holdings from 25,688,857 shares to 17,688,857 shares post-transaction (a -31.1% reduction). This large-scale divestment by a 10% owner occurs at a price point that is -46.1% below FLY's 52-week high of $73.80, yet stands significantly above the current market price of $39.78. The seller's prior open-market trade at this ticker (a buy on 2025-08-06) delivered a 90-day return of -49.2%, indicating historically poor timing in assessing this stock's trajectory. Against this backdrop of unprofitable operations—the company reported net income of $-96,676,000.00 ($-96.7M) in its most recent full fiscal year—the substantial liquidation by a major shareholder warrants attention as a material reduction in insider holdings.