Background:The Vps4 ATPase powers the endosomal sorting complexes required for transport (ESCRT) pathway. Results: Peptide binding to hexameric Vps4 is promoted by nucleotides that can mimic ADP, ATP, and the transition state. Conclusion: ESCRT-III substrates bind Vps4 MIT domains and then bind the central pore of an asymmetric, nucleotide-bound Vps4 hexamer. Significance: Mechanistic understanding of Vps4-substrate interactions is advanced by this work.