Form 4: Aeva CEO Dardashti's Stock Activity

Aeva Technologies CEO Soroush Dardashti reported the acquisition of 235,295 shares due to RSU performance achievement and the sale of 39,702 shares to cover tax obligations.

Summary

• CEO Soroush Dardashti acquired 235,295 shares of Aeva Technologies common stock on November 3, 2025.
• This acquisition resulted from the achievement of a performance condition for restricted stock units (RSUs) granted in May 2023, as determined by the Compensation Committee of the Board of Directors.
• These RSUs are scheduled to vest on December 31, 2025, contingent on continued employment with the Issuer.
• Dardashti also sold 39,702 shares of common stock on November 5, 2025, at a price of $13.6365 per share.
• This sale was a non-discretionary transaction to cover tax withholding obligations upon the settlement of certain time-based restricted stock unit awards.
• Following these transactions, Dardashti directly beneficially owns 2,093,455 shares and indirectly owns 2,134,808 shares through a trust.

Sentiment

Score: 7

Explanation: The CEO's acquisition of a significant number of shares due to a performance condition being met indicates positive operational execution by the company. The subsequent sale was a routine tax-related transaction, not a discretionary divestment, and does not signal negative sentiment.

Positives

• Achievement of a performance condition for restricted stock units, indicating the company met certain pre-defined targets.
• The CEO's continued significant beneficial ownership, totaling over 4.2 million shares (direct and indirect), aligns interests with shareholders.

Negatives

• The sale of 39,702 shares, even if for tax purposes, reduces the CEO's direct beneficial ownership.

Future Outlook

The restricted stock units acquired on November 3, 2025, are scheduled to vest on December 31, 2025, contingent on the reporting person's continued employment.

Stakeholder Impact

• Shareholders: The achievement of performance conditions for RSUs could be seen as a positive signal regarding company performance. The CEO's continued significant ownership aligns interests with shareholders.
• Employees: The vesting of RSUs is a standard compensation event for executives.

Next Steps

• Vesting of 235,295 restricted stock units on December 31, 2025, subject to continued employment.

Key Dates

Recommendation

The reported transactions are routine for an executive, involving the vesting of performance-based restricted stock units and a subsequent non-discretionary sale to cover tax obligations. While the achievement of performance conditions is a positive indicator, these transactions alone do not provide sufficient new information to alter a fundamental investment thesis for Aeva Technologies.

Keywords

Aeva Technologies, AEVA, Form 4, insider trading, stock transaction, CEO, Soroush Dardashti, restricted stock units, RSU, beneficial ownership