• Majority shareholder Mudrick Capital also acquires 350,000 additional shares
• Share purchases underscore leadership’s strong confidence in long-term value creation
• Near-term milestones include completion of Phase 4 Transition Flight and unveiling of its new full-size aircraft that it will take through to certification

LONDON & NEW YORK–Vertical Aerospace today announced that 16 members of its Board of Directors and senior leadership team completed open-market purchases of the Company’s ordinary shares over a two-week open trading window period in November 2025.

These share purchases follow a series of open market share purchases by Vertical Chairman Dómhnal Slattery and two fellow Board members in May 2025. They underscore leadership’s conviction in the Company, as it is poised to complete the final stages of its transition flight test programme, and launch its new aircraft on December 10, 2025.

With these most recent purchases, Vertical’s Directors and leadership have increased their holdings of ordinary shares in the Company by approximately 50%.

Furthermore, the Company’s majority shareholder, Mudrick Capital Management, LP, informed the Company that it had increased its position by 350,000 shares via open-market purchases since November 24, 2025.

Vertical also disclosed today that, as of November 28, 2025, Company founder Stephen Fitzpatrick’s directly held shares now represent less than 0.4% of the Company’s ordinary shares, down from approximately 15% on January 1, 2025.1

Dómhnal Slattery, Chairman of Vertical Aerospace, said: “With industry leading performance on every valuation metric, these share purchases further reinforce our deep belief in the value of our Company, and our confidence in realizing that value for shareholders.”

Near-term Milestones

• Phase 4 – Transition – Vertical is currently undertaking its transition flight testing, the final stage of its prototype flight test programme. Piloted transition flight is a key engineering proof point and critical de-risking step on the development and certification program. Successful completion of transition flight will mark the most important milestone in the company’s history.
• Full-Size Certification Aircraft Design – On December 10, Vertical will unveil in London its new full-size aircraft, showcasing its industry-leading design, capacity, comfort, and global certification-ready architecture.

About Vertical Aerospace

Vertical Aerospace is a global aerospace and technology company pioneering electric aviation. Vertical is creating a safer, cleaner, and quieter way to travel. Its VX4 is a piloted, four-passenger, Electric Vertical Take-Off and Landing (eVTOL) aircraft, with zero operating emissions. Vertical is also developing a hybrid-electric variant, offering increased range and mission flexibility to meet the evolving needs of the advanced air mobility market.

Vertical combines partnerships with leading aerospace companies, including GKN, Honeywell, and Aciturri, with its own proprietary battery and propeller technology to develop the world’s most advanced and safest eVTOL.

Vertical has c.1,500 pre-orders of the VX4, with customers across four continents, including American Airlines, Japan Airlines, GOL, and Bristow. Certain customer obligations are expected to be fulfilled via third-party agreements. Headquartered in Bristol, UK, Vertical’s experienced leadership team comes from top-tier aerospace and automotive companies such as Rolls-Royce, Airbus, GM, and Leonardo. Together, they have previously certified and supported over 30 different civil and military aircraft and propulsion systems.

Source: Vertical Aerospace