KHIS Custodian LP - 25 Jul 2025 Form 4 Insider Report for Karman Holdings Inc. (KRMN)

Reporting relationship: 10%+ Owner
Issuer ticker: KRMN
Reported as of: 25 Jul 2025
Net transaction value: -$1,157,574,432
SEC form: 4
Accepted by SEC: 29 Jul 2025, 21:16:42 UTC
Prior SEC filing: 19 Feb 2025
Source filing: View source filing
Reporting owner signature: TCFIII Spaceco SPV LP, By: Trive Capital Fund III GP LLC, its general partner and Trive Capital Holdings LLC, its managing member, By: /s/ Conner Searcy, Managing Partner

Key filing fact

KHIS Custodian LP filed Form 4 for Karman Holdings Inc. (KRMN) on 29 Jul 2025.

Key facts

This page summarizes KHIS Custodian LP's Form 4 filing for Karman Holdings Inc. (KRMN).
2 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 29 Jul 2025, 21:16.

Change

Previous filing in this sequence was filed on 19 Feb 2025.
Current net transaction value: -$1,157,574,432.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (3)

CIK 0002055575 Primary reporting owner

TCFIII Spaceco SPV LP

Relationship: 10%+ Owner
Address: 2021 MCKINNEY AVENUE, SUITE 1200, DALLAS
Signature: TCFIII Spaceco SPV LP, By: Trive Capital Fund III GP LLC, its general partner and Trive Capital Holdings LLC, its managing member, By: /s/ Conner Searcy, Managing Partner
Signature date: 29 Jul 2025

CIK 0001712547

Trive Capital Fund III LP

Relationship: Former 10% holder
Address: 2021 MCKINNEY AVENUE, SUITE 1200, DALLAS
Signature: Trive Capital Fund III LP, By: Trive Capital Fund III GP LLC, its general partner and Trive Capital Holdings LLC, its managing member, By: /s/ Conner Searcy, Managing Partner
Signature date: 29 Jul 2025

CIK 0001712546

Trive Capital Fund III-A LP

Relationship: Former 10% holder
Address: 2021 MCKINNEY AVENUE, SUITE 1200, DALLAS
Signature: Trive Capital Fund III-A LP, By: Trive Capital Fund III GP LLC, its general partner and Trive Capital Holdings LLC, its managing member, By: /s/ Conner Searcy, Managing Partner
Signature date: 29 Jul 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

KRMN transaction

Common Stock

Sale

Transaction value: $1,157,574,432
Shares: -23,623,968
Change %: -32%
Price: $49.00
Shares after: 50,450,859
Date: 25 Jul 2025
Ownership: See Footnotes
Footnotes: F1, F2, F3, F4

KRMN transaction

Common Stock

Other

Transaction value: $0
Shares: -50,450,859
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 25 Jul 2025
Ownership: See Footnotes
Footnotes: F1, F2, F3, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

On July 25, 2025, TCFIII Spaceco SPV LP sold 20,473,968 shares of Common Stock at a price of $49.00, before deducting underwriting discounts and commissions, in connection with a registered underwritten offering and granted the underwriters a standard overallotment option for an additional 3,150,000 shares, which overallotment was exercised in full (such sale in the registered underwritten offering and overallotment option, collectively the "Secondary Offering"). Concurrent with the consummation of the Secondary Offering (the "Distribution Date"), TCFIII Spaceco SPV LP effected a distribution in-kind consisting of all shares of Common Stock held by TCFIII Spaceco SPV LP not sold in the Secondary Offering (the "Trive LP Distribution") to Trive Capital Fund III LP ("Trive Fund III") and Trive Capital Fund III-A LP ("Trive Fund III-A") for no consideration and Trive Fund III and

Footnote F2

(Continued from footnote 1) Trive Fund III-A effected a pro rata distribution-in-kind of such shares of Common Stock to its partners for no consideration. If requested by any limited partner of Trive Fund III (each, a "Trive LP") in connection with the Trive LP Distribution, TCFIII Spaceco SPV LP may continue to manage the shares for such Trive LP following the Trive LP Distribution (and, as a result, TCFIII SpaceCo SPV LP may continue to have voting and dispositive power over such shares). As of the Distribution Date, TCFIII Spaceco SPV LP has no pecuniary interest in any shares of Common Stock.

Footnote F3

Shares reported herein are directly held by TCFIII Spaceco SPV LP. Trive Capital Holdings LLC (which we refer to as "Trive Holdings") ultimately has voting control over TCFIII Spaceco SPV LP. Each of Messrs. Conner Searcy and Christopher Zugaro, as a manager of Trive Holdings, has voting control over Trive Holdings. As a result of the foregoing, each of Mr. Searcy, Mr. Zugaro,

Footnote F4

(Continued from footnote 3) and Trive Holdings may be deemed to have beneficial ownership (as determined under Section 13(d) of the Exchange Act) of the securities directly held by TCFIII Spaceco SPV LP. Each of Trive Holdings and Messrs. Searcy and Zugaro disclaims beneficial ownership of any shares owned by TCFIII Spaceco SPV LP, except to the extent of its or his pecuniary interest therein. David Stinnett, a Partner of Trive Capital Management LLC, serves on the Board of Directors of the Issuer (the "Board"), together with John Hamilton, a Vice President of Trive Capital Management LLC.