Form 4: Aeva Technologies CEO Soroush Salehian Dardashti Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
Aeva Technologies CEO Soroush Salehian Dardashti reports the withholding of 38,603 common stock shares to cover income tax obligations related to the vesting of restricted stock units.
Summary
- On November 4, 2024, Aeva Technologies CEO Soroush Salehian Dardashti had 38,603 shares of common stock withheld by the issuer to satisfy income tax obligations related to the vesting of restricted stock units.
- The price per share for the withholding was $3.85.
- Following the transaction, Dardashti directly owns 995,387 shares of common stock and indirectly owns 4,204,808 shares through a trust.
- The restricted stock units vest over four years from May 4, 2023, in equal installments every six months, with each unit representing a contingent right to receive one share of Aeva's common stock.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard tax withholding procedures, so it doesn't inherently indicate positive or negative sentiment.
Industry Context
This is a routine SEC Form 4 filing, which is standard practice when company executives have transactions involving the company's stock. It provides transparency to the market regarding insider activity.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes, which is a normal part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| May 4, 2023 | Start date for vesting of restricted stock units over four years in equal installments every six months. |
| November 4, 2024 | Date of transaction where 38,603 shares of common stock were withheld for tax obligations. |
| November 6, 2024 | Date of signature for the SEC Form 4 filing. |
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