SCHEDULE: Aeva CEO Soroush Salehian Dardashti Amends Stake

Aeva Technologies CEO Soroush Salehian Dardashti updated his beneficial ownership, now holding 5.8% of common stock after recent share transfers and sales.

Summary

• Soroush Salehian Dardashti, CEO of Aeva Technologies, Inc., reported a beneficial ownership of 3,317,034 shares of Common Stock, representing 5.8% of the class.
• This ownership includes 243,450 shares held directly, 2,334,808 shares held by a trust for his benefit, and 738,776 shares from exercisable stock options.
• The percentage is based on 56,327,698 shares outstanding as of July 31, 2025, plus exercisable options.
• Recent transactions include gifting 175,000 shares on June 16, 2025, and 580,000 shares on August 5, 2025, to unaffiliated trusts.
• On August 5, 2025, 425,000 shares were transferred to his spouse, who then transferred them to an unaffiliated trust on August 6, 2025.
• On July 7, 2025, 69,901 shares were sold for $2,134,077.53 at a weighted-average price of $30.53 to cover tax withholding obligations from RSU vesting.

Sentiment

Score: 6

Explanation: The filing is a routine disclosure of insider ownership changes. While there are share sales and gifts, these are common for executives managing their equity and tax obligations, and the CEO retains a significant stake, indicating continued alignment with the company's performance.

Positives

• The CEO maintains a significant beneficial ownership stake of 5.8% in Aeva Technologies, aligning his interests with shareholders.

Negatives

• The CEO sold 69,901 shares for $2,134,077.53 to cover tax obligations, which is a reduction in direct holdings, though common for RSU vesting.
• Significant share transfers via gifts to unaffiliated trusts and a spouse, totaling 1,180,000 shares, reduce the CEO's direct and indirect control over a portion of the company's stock.

Risks

• No specific risks related to the company's operations or financial health are mentioned in this filing, as it primarily concerns beneficial ownership disclosure.

Future Outlook

This filing is a disclosure of beneficial ownership changes and does not contain forward-looking statements or guidance regarding the company's future performance or strategic outlook.

Management Comments

• No direct quotes or paraphrased statements from company management are provided in this beneficial ownership disclosure filing.

Industry Context

This filing is a routine disclosure of insider ownership changes and does not provide information relevant to broader industry trends or competitive dynamics within the LiDAR or autonomous vehicle technology sectors.

Comparison to Industry Standards

• This filing is a standard Schedule 13D amendment disclosing changes in beneficial ownership by an insider. It does not contain financial or operational results that can be directly compared to industry benchmarks or specific comparable companies or projects.

Legal Proceedings

• The Reporting Person has not been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors) during the last five years.
• The Reporting Person has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction that resulted in a judgment, decree, or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws during the last five years.

Related Party Transactions

• Transfers of shares to unaffiliated trusts via bona fide gifts.
• Transfer of shares to spouse via bona fide gift, who then transferred them to an unaffiliated trust.

Stakeholder Impact

• Shareholders: The CEO's continued significant beneficial ownership (5.8%) suggests ongoing alignment of interests. The sales for tax purposes are routine and not indicative of a lack of confidence. The gifting of shares to trusts may diversify the ownership structure over time.

Next Steps

• No specific future actions, events, or milestones are mentioned in this beneficial ownership disclosure filing.

Key Dates

Recommendation

This Schedule 13D amendment primarily details routine changes in the CEO's beneficial ownership, including share sales for tax obligations and gifts to trusts. While there's a reduction in direct holdings, the CEO retains a substantial 5.8% stake, indicating continued alignment with the company's long-term prospects. The transactions are not indicative of a change in fundamental outlook or significant new information that would warrant a 'buy' or 'sell' recommendation based solely on this filing. Investors should 'hold' and consider broader company performance and market conditions.

Keywords

Aeva Technologies, Soroush Salehian Dardashti, Schedule 13D, Beneficial Ownership, Common Stock, CEO, Insider Trading, Shareholding, SEC Filing, AVAV