Form 4: AeroVironment Director Transfers Shares to Family Trust Under 10b5-1 Plan

Edward R. Muller, a Director at AeroVironment Inc., transferred 1,295 shares of common stock from his direct ownership to a family trust for no consideration as part of a Rule 10b5-1 plan.

Summary

• Edward R. Muller, a Director of AeroVironment Inc. (AVAV), reported a change in beneficial ownership of common stock.
• On July 15, 2025, Mr. Muller transferred 1,295 shares of common stock from his direct ownership to the Edward R. Muller and Patricia E. Bauer 1991 Family Trust.
• This transfer was for no consideration, meaning no monetary exchange occurred.
• Concurrently, the Edward R. Muller and Patricia E. Bauer 1991 Family Trust received these 1,295 shares, increasing Mr. Muller's indirect beneficial ownership.
• Following these transactions, Mr. Muller directly owns 1,705 shares, indirectly owns 48,695 shares through the family trust, and 810 shares through his IRA, totaling 51,210 shares.
• The transaction was made pursuant to a Rule 10b5-1(c) contract, instruction, or written plan for the purchase or sale of equity securities.

Sentiment

Score: 5

Explanation: The transaction is a neutral transfer of shares from direct to indirect ownership for estate planning purposes, with no consideration exchanged. It does not reflect positively or negatively on the company's performance or future prospects.

Related Party Transactions

• Transfer of 1,295 shares of common stock for no consideration to the Edward R. Muller and Patricia E. Bauer 1991 Family Trust, of which Mr. Muller is one of the trustees.

Stakeholder Impact

• Minimal direct impact on shareholders as this is a re-titling of existing shares by an insider, not a sale or purchase that would significantly affect market liquidity or share price.

Key Dates

Keywords

AeroVironment, AVAV, SEC Form 4, Beneficial Ownership, Insider Transaction, Stock Transfer, Edward R. Muller, Director, Family Trust, Rule 10b5-1