Form 4: Aeva CEO Dardashti Reports RSU Grant, Tax-Related Stock Sales

Aeva Technologies CEO Soroush Dardashti reported the acquisition of 225,904 shares from RSU grants and subsequent sales of 488,160 shares to cover tax obligations.

Summary

• Soroush Dardashti, Chief Executive Officer and Director of Aeva Technologies, Inc. (AEVA), reported transactions involving the company's common stock.
• On January 1, 2026, 225,904 shares of common stock were acquired through a grant of fully vested Restricted Stock Units (RSUs) at a price of $0.
• On January 2, 2026, 110,086 shares were disposed of at $12.9564 per share to cover tax withholding obligations related to the RSU award.
• On January 2, 2026, an additional 378,074 shares were disposed of at $12.9564 per share to cover tax withholding obligations for previously granted performance-based RSU (PBRSU) awards, for which performance conditions were met.
• Following these transactions, direct beneficial ownership stands at 1,831,199 shares, and indirect beneficial ownership (by trust) is 1,884,808 shares.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions related to executive compensation, including RSU grants and subsequent tax-related sales. These are standard events and do not inherently indicate positive or negative sentiment regarding the company's operational performance or future prospects.

Positives

• The grant of 225,904 fully vested Restricted Stock Units (RSUs) to the CEO indicates ongoing compensation and retention.
• The settlement of performance-based RSU (PBRSU) awards, resulting in the disposition of 378,074 shares for tax, confirms that various performance conditions set by the Issuer's Board of Directors were achieved.

Negatives

• The direct beneficial ownership of the CEO decreased by a net of 262,256 shares (488,160 shares sold minus 225,904 shares acquired) due to sales for tax withholding purposes.

Risks

• No specific risks are detailed in this Form 4 filing, as it primarily reports insider transactions.

Future Outlook

This Form 4 filing is a report of past insider transactions and does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Management Comments

• The Reporting Person was granted fully vested restricted stock units ("RSU"). Each RSU represents a contingent right to receive one share of the Issuer's common stock.
• These shares of common stock were automatically sold in a non-discretionary transaction by the Reporting Person to cover tax withholding obligations upon the settlement of the RSU award described in Footnote 1, which was fully vested at grant.
• In May 2023, the Reporting Person was granted performance-based RSU awards (PBRSUs). Various performance conditions underlying the PBRSU awards were previously determined to have been achieved by the Issuer's Board of Directors. These shares of common stock were automatically sold in a non-discretionary transaction by the Reporting Person to cover tax withholding obligations upon the settlement of the PBRSU awards.

Industry Context

Insider transaction reports (Form 4s) are standard disclosures for publicly traded companies, detailing changes in beneficial ownership by officers, directors, and significant shareholders. The transactions reported here, involving RSU grants and subsequent tax-related sales, are common forms of executive compensation and are routine in the industry.

Comparison to Industry Standards

• NA

Related Party Transactions

• The transactions involve the grant of equity awards (RSUs and PBRSUs) and subsequent sales for tax withholding purposes to Soroush Salehian Dardashti, the Chief Executive Officer and a Director of Aeva Technologies, Inc. These are standard compensation-related dealings between an executive and the company.

Stakeholder Impact

• Shareholders: The net reduction in the CEO's direct beneficial ownership is minor in the context of total outstanding shares and is a result of routine tax planning for equity compensation. It does not signal a change in management's commitment or outlook.
• Employees: The report highlights the company's executive compensation structure, which may indirectly influence employee perception of compensation practices.
• Customers, Suppliers, Creditors: No direct impact is expected from these routine insider transactions.

Next Steps

• No specific future actions or milestones are mentioned in this insider transaction report.

Key Dates

Keywords

Aeva Technologies, AEVA, Form 4, Insider Transaction, Soroush Dardashti, CEO, Director, Restricted Stock Units, RSU, Performance-Based RSUs, PBRSU, Stock Grant, Tax Withholding, Beneficial Ownership