=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-09-30
10b5-1 Pre-arranged Plan: No
--- Issuer ---
Name: Firefly Aerospace Inc. (FLY)
CIK: 0001860160
--- Reporting Owner ---
Name: AEROEQUITY GP, LLC
CIK: 0001880792
Role: 10%+ Owner
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Common Stock
Date: 2026-09-30 | Code: J (Other acquisition/disposition)
Shares: -42,215 | Price: $0.00
Shares Owned After: 17,683,007 | Ownership: I (Indirect) | Nature: See Footnotes
Footnotes:
[F1] The reported transaction represents a pro rata distribution for no consideration by Glow Holdings Aggregator, LLC ("Glow Holdings Aggregator") to its limited partner.
[F2] Glow NS Holdings, LLC is controlled by Glow NS Intermediate Holdings, LLC, its sole member. Glow NS Intermediate Holdings LLC is controlled by Glow Aggregator, LLC, its sole member. Glow Aggregator, LLC is controlled by AE Industrial Partners Fund II, L.P., its managing member. AE Industrial Partners Fund II, L.P. is controlled by AE Industrial Partners Fund II GP, LP ("AE Fund II GP"), its general partner. Glow Holdings Aggregator is controlled by AE Co-Investment Partners Fund III-F, LP, its managing member. AE Co-Investment Partners Fund III-F, LP is controlled by AE Industrial Partners Fund III GP, LP ("AE Fund III GP"), its general partner.
[F3] (Continued from footnote 2) AE Fund II GP and AE Fund III GP are each managed by each entity's respective general partner, AeroEquity GP, LLC. AeroEquity GP, LLC is controlled by its managing members, Michael Greene and David Rowe. Messrs. Greene and Rowe make all voting and investment decisions with respect to the securities held by AE Industrial Partners. Each of the entities and individuals named above disclaims beneficial ownership of the securities held by AE Industrial Partners, except to the extent of its pecuniary interest therein. The amounts reported as held have been adjusted to reflect an error in allocation among the direct holding entities.
[F4] Held by Glow Holdings Aggregator.
--- Holdings ---
[Holding #1]
Security: Common Stock
Ownership: I (Indirect)
Footnotes:
[F2] Glow NS Holdings, LLC is controlled by Glow NS Intermediate Holdings, LLC, its sole member. Glow NS Intermediate Holdings LLC is controlled by Glow Aggregator, LLC, its sole member. Glow Aggregator, LLC is controlled by AE Industrial Partners Fund II, L.P., its managing member. AE Industrial Partners Fund II, L.P. is controlled by AE Industrial Partners Fund II GP, LP ("AE Fund II GP"), its general partner. Glow Holdings Aggregator is controlled by AE Co-Investment Partners Fund III-F, LP, its managing member. AE Co-Investment Partners Fund III-F, LP is controlled by AE Industrial Partners Fund III GP, LP ("AE Fund III GP"), its general partner.
[F3] (Continued from footnote 2) AE Fund II GP and AE Fund III GP are each managed by each entity's respective general partner, AeroEquity GP, LLC. AeroEquity GP, LLC is controlled by its managing members, Michael Greene and David Rowe. Messrs. Greene and Rowe make all voting and investment decisions with respect to the securities held by AE Industrial Partners. Each of the entities and individuals named above disclaims beneficial ownership of the securities held by AE Industrial Partners, except to the extent of its pecuniary interest therein. The amounts reported as held have been adjusted to reflect an error in allocation among the direct holding entities.
[F5] Held by Glow NS Holdings, LLC.
[Holding #2]
Security: Common Stock
Ownership: I (Indirect)
Footnotes:
[F2] Glow NS Holdings, LLC is controlled by Glow NS Intermediate Holdings, LLC, its sole member. Glow NS Intermediate Holdings LLC is controlled by Glow Aggregator, LLC, its sole member. Glow Aggregator, LLC is controlled by AE Industrial Partners Fund II, L.P., its managing member. AE Industrial Partners Fund II, L.P. is controlled by AE Industrial Partners Fund II GP, LP ("AE Fund II GP"), its general partner. Glow Holdings Aggregator is controlled by AE Co-Investment Partners Fund III-F, LP, its managing member. AE Co-Investment Partners Fund III-F, LP is controlled by AE Industrial Partners Fund III GP, LP ("AE Fund III GP"), its general partner.
[F3] (Continued from footnote 2) AE Fund II GP and AE Fund III GP are each managed by each entity's respective general partner, AeroEquity GP, LLC. AeroEquity GP, LLC is controlled by its managing members, Michael Greene and David Rowe. Messrs. Greene and Rowe make all voting and investment decisions with respect to the securities held by AE Industrial Partners. Each of the entities and individuals named above disclaims beneficial ownership of the securities held by AE Industrial Partners, except to the extent of its pecuniary interest therein. The amounts reported as held have been adjusted to reflect an error in allocation among the direct holding entities.
[F6] Held by David Rowe.
--- Footnotes (Complete Index) ---
F1: The reported transaction represents a pro rata distribution for no consideration by Glow Holdings Aggregator, LLC ("Glow Holdings Aggregator") to its limited partner.
F2: Glow NS Holdings, LLC is controlled by Glow NS Intermediate Holdings, LLC, its sole member. Glow NS Intermediate Holdings LLC is controlled by Glow Aggregator, LLC, its sole member. Glow Aggregator, LLC is controlled by AE Industrial Partners Fund II, L.P., its managing member. AE Industrial Partners Fund II, L.P. is controlled by AE Industrial Partners Fund II GP, LP ("AE Fund II GP"), its general partner. Glow Holdings Aggregator is controlled by AE Co-Investment Partners Fund III-F, LP, its managing member. AE Co-Investment Partners Fund III-F, LP is controlled by AE Industrial Partners Fund III GP, LP ("AE Fund III GP"), its general partner.
F3: (Continued from footnote 2) AE Fund II GP and AE Fund III GP are each managed by each entity's respective general partner, AeroEquity GP, LLC. AeroEquity GP, LLC is controlled by its managing members, Michael Greene and David Rowe. Messrs. Greene and Rowe make all voting and investment decisions with respect to the securities held by AE Industrial Partners. Each of the entities and individuals named above disclaims beneficial ownership of the securities held by AE Industrial Partners, except to the extent of its pecuniary interest therein. The amounts reported as held have been adjusted to reflect an error in allocation among the direct holding entities.
F4: Held by Glow Holdings Aggregator.
F5: Held by Glow NS Holdings, LLC.
F6: Held by David Rowe.
--- Signature ---
/s/ AeroEquity GP, LLC /s/ Michael Greene, Authorized Signatory (2026-10-02)
