X0202 SCHEDULE 13D/A 0001655183 XXXXXXXX LIVE 7 Class A ordinary shares, par value $0.0001 per share 04/20/2026 false 0001867102 G9471C107 Vertical Aerospace Ltd.

Unit 1 Camwal Court Chapel Street Bristol X0 BS2 0UW

Jason Mudrick 646-747-9500 Mudrick Capital Management, L.P. 31 West 52nd St., 16th Floor New York NY 10019 0001655183 N Mudrick Capital Management, L.P. b OO N DE 0.00 101021846.00 0.00 101021846.00 101021846.00 N 58.4 PN No update reported. For more information, see Amendment No. 6. Y Mudrick Capital Management, LLC b OO N DE 0.00 101021846.00 0.00 101021846.00 101021846.00 N 58.4 OO No update reported. For more information, see Amendment No. 6. Y Jason Mudrick b OO N X1 0.00 101021846.00 0.00 101021846.00 101021846.00 N 58.4 IN No update reported. For more information, see Amendment No. 6. Y Mudrick Distressed Opportunity Fund Global, L.P. b OO N E9 0.00 23356030.00 0.00 23356030.00 23356030.00 N 17.0 PN No update reported. For more information, see Amendment No. 6. Y Mudrick GP, LLC b OO N DE 0.00 23356031.00 0.00 23356031.00 23356031.00 N 17.0 OO No update reported. For more information, see Amendment No. 6. Y Mudrick Distressed Opportunity Drawdown Fund II, L.P. b OO N DE 0.00 13458661.00 0.00 13458661.00 13458661.00 N 10.1 PN No update reported. For more information, see Amendment No. 6. Y Mudrick Distressed Opportunity Drawdown Fund II SC, L.P. b OO N DE 0.00 1404767.00 0.00 1404767.00 1404767.00 N 1.1 PN No update reported. For more information, see Amendment No. 6. Y Mudrick Distressed Opportunity Drawdown Fund II GP, LLC b OO N DE 0.00 14863428.00 0.00 14863428.00 14863428.00 N 11.1 OO No update reported. For more information, see Amendment No. 6. Y Mudrick Distressed Opportunity 2020 Dislocation Fund, L.P. b OO N DE 0.00 3520599.00 0.00 3520599.00 3520599.00 N 2.7 PN No update reported. For more information, see Amendment No. 6. Y Mudrick Distressed Opportunity 2020 Dislocation Fund GP, LLC b OO N DE 0.00 3520599.00 0.00 3520599.00 3520599.00 N 2.7 OO No update reported. For more information, see Amendment No. 6. Y Mudrick Distressed Opportunity SIF Master Fund, L.P. b OO N DE 0.00 2731491.00 0.00 2731491.00 2731491.00 N 2.1 PN No update reported. For more information, see Amendment No. 6. Y Mudrick Distressed Opportunity SIF GP, LLC b OO N DE 0.00 2731491.00 0.00 2731491.00 2731491.00 N 2.1 OO No update reported. For more information, see Amendment No. 6. Y Mudrick Stressed Credit Master Fund, L.P. b OO N DE 0.00 2710801.00 0.00 2710801.00 2710801.00 N 2.1 PN No update reported. For more information, see Amendment No. 6. Y Mudrick Stressed Credit Fund GP, LLC b OO N DE 0.00 2710801.00 0.00 2710801.00 2710801.00 N 2.1 OO No update reported. For more information, see Amendment No. 6. Y Mudrick Opportunity Co-Investment Fund, L.P. b OO N DE 0.00 2238495.00 0.00 2238495.00 2238495.00 N 1.8 PN No update reported. For more information, see Amendment No. 6. Y Mudrick Opportunity Co-Investment Fund GP, LLC b OO N DE 0.00 2238495.00 0.00 2238495.00 2238495.00 N 1.8 OO No update reported. For more information, see Amendment No. 6. Y Mudrick Distressed Opportunity Drawdown Fund III, L.P. b OO N DE 0.00 512447.00 0.00 512447.00 512447.00 N 0.4 PN No update reported. For more information, see Amendment No. 6. Y Mudrick Distressed Opportunity Drawdown Fund III GP, LLC b OO N DE 0.00 512447.00 0.00 512447.00 512447.00 N 0.4 PN No update reported. For more information, see Amendment No. 6. Y Mudrick Co-Investment Opportunity III, L.P. b OO N DE 0.00 250000.00 0.00 250000.00 250000.00 N 0.2 OO No update reported. For more information, see Amendment No. 6. Y Mudrick Co-Investment Opportunity III GP, LLC b OO N DE 0.00 250000.00 0.00 250000.00 250000.00 N 0.2 OO No update reported. For more information, see Amendment No. 6. Class A ordinary shares, par value $0.0001 per share Vertical Aerospace Ltd. Unit 1 Camwal Court Chapel Street Bristol X0 BS2 0UW This Amendment No. 7 ("Amendment No. 7") amends the statement on Schedule 13D (as amended from time to time, the "Schedule 13D") originally filed by the Reporting Persons October 23, 2024, and relates to the ordinary shares, par value $0.0001 per share ("Ordinary Shares"), of Vertical Aerospace Ltd. (the "Issuer" or the "Company"). Except as specifically provided herein, this Amendment No. 7 does not modify any of the information previously reported in the Schedule 13D. Unless otherwise indicated, each capitalized term used but not defined in this Amendment No. 7 shall have the meaning assigned to such term in the Schedule 13D. This Item 4 of the Schedule 13D is amended and supplemented as follows: The information disclosed in Item 6 of this Amendment No. 7 is incorporated by reference herein. This Item 6 of the Schedule 13D is amended and supplemented as follows: As previously disclosed by the Company in its Form 6-K filed on April 20, 2026 and consistent with Item 4 of Amendment No. 6, on April 1, 2026, Mudrick Capital Management, L.P. ("MCM") and the Company entered into a Convertible Note Purchase Agreement (the "Convertible Note Purchase Agreement"), pursuant to which the Company has the right, but not the obligation, to cause MCM to purchase up to $50,000,000 in aggregate original principal amount of additional Convertible Senior Secured Notes (the "Additional Notes") to be issued under the Indenture during a period of one year following the date of the Convertible Note Purchase Agreement. Such Additional notes will be issued as set forth by the Company in a notice to MCM at least 30 days in advance of the Draw Date (as defined in the Convertible Note Purchase Agreement). MCM may convert the Additional Notes into the Company's ordinary shares at a fixed conversion price of $3.50 per ordinary share. The Company will provide a notice Each issuance will be subject to the satisfaction (or waiver) of various customary conditions as of the Draw Notice Date and Draw Date, in each case, as specified in the Convertible Note Purchase Agreement, including the Company having $50 million in liquidity and being solvent and able to pay its debts for the following four months after such issuance. Additionally, as previously disclosed by the Issuer, pursuant to the terms of the Convertible Note Purchase Agreement, at any time until the one-year anniversary of the date of the Convertible Note Purchase Agreement, the Company is permitted to repurchase any Additional Notes in a privately negotiated repurchase transaction, at a repurchase price that includes an applicable premium. In addition, pursuant to the terms of the Convertible Note Purchase Agreement, MCM has agreed to not convert any of the Additional Notes into the Company's ordinary shares once the Company has exercised its repurchase right for such Additional Notes as described in the preceding sentence. A copy of the Convertible Note Purchase Agreement is attached as Exhibit 19 to this Amendment No. 7. Exhibit 19: Convertible Note Purchase Agreement, incorporated by reference to Exhibit 99.1 on Form 6-K filed April 20, 2026. Exhibit 20: Joint Filing Agreement, incorporated by reference to Exhibit 17 of Amendment No. 5 to this Schedule 13D. Mudrick Capital Management, L.P. By: Mudrick Capital Management, LLC its general partner, /s/ Jason Mudrick 05/18/2026 Mudrick Capital Management, LLC /s/ Jason Mudrick 05/18/2026 Jason Mudrick /s/ Jason Mudrick 05/18/2026 Mudrick Distressed Opportunity Fund Global, L.P. By: Mudrick GP, LLC, /s/ Jason Mudrick 05/18/2026 Mudrick GP, LLC /s/ Jason Mudrick 05/18/2026 Mudrick Distressed Opportunity Drawdown Fund II, L.P. By: Mudrick Distressed Opportunity Drawdown Fund II GP, LLC, its general partner, /s/ Jason Mudrick 05/18/2026 Mudrick Distressed Opportunity Drawdown Fund II SC, L.P. By: Mudrick Distressed Opportunity Drawdown Fund II GP, LLC, its general partner, /s/ Jason Mudrick 05/18/2026 Mudrick Distressed Opportunity Drawdown Fund II GP, LLC /s/ Jason Mudrick 05/18/2026 Mudrick Distressed Opportunity 2020 Dislocation Fund, L.P. By: Mudrick Distressed Opportunity 2020 Dislocation Fund GP, LLC, its general partner, /s/ Jason Mudrick 05/18/2026 Mudrick Distressed Opportunity 2020 Dislocation Fund GP, LLC /s/ Jason Mudrick 05/18/2026 Mudrick Distressed Opportunity SIF Master Fund, L.P. By: Mudrick Distressed Opportunity SIF Master Fund LLC, its general partner, /s/ Jason Mudrick 05/18/2026 Mudrick Distressed Opportunity SIF GP, LLC /s/ Jason Mudrick 05/18/2026 Mudrick Stressed Credit Master Fund, L.P. By: Mudrick Stressed Credit Fund GP, LLC, its general partner, /s/ Jason Mudrick 05/18/2026 Mudrick Stressed Credit Fund GP, LLC /s/ Jason Mudrick 05/18/2026 Mudrick Opportunity Co-Investment Fund, L.P. /s/ Jason Mudrick 05/18/2026 Mudrick Opportunity Co-Investment Fund GP, LLC /s/ Jason Mudrick 05/18/2026 Mudrick Distressed Opportunity Drawdown Fund III, L.P. By: Mudrick Distressed Opportunity Drawdown Fund III GP, LLC, its general partner, /s/ Jason Mudrick 05/18/2026 Mudrick Distressed Opportunity Drawdown Fund III GP, LLC /s/ Jason Mudrick 05/18/2026 Mudrick Co-Investment Opportunity III, L.P. /s/ Jason Mudrick 05/18/2026 Mudrick Co-Investment Opportunity III GP, LLC /s/ Jason Mudrick 05/18/2026