Form 4: Aeva Technologies CFO Saurabh Sinha Reports Stock Transaction
SEC Form 4 Filing
Chief Financial Officer of Aeva Technologies, Saurabh Sinha, reports the withholding of shares to cover income tax obligations related to vested restricted stock units.
Summary
- On November 4, 2024, Saurabh Sinha, the CFO of Aeva Technologies, reported a transaction involving the withholding of 5,375 shares of common stock by the issuer to cover income tax obligations.
- The shares were withheld at a price of $3.85.
- Following the transaction, Sinha beneficially owns 751,895 shares of Aeva Technologies common stock.
- The restricted stock units vested as to 25% of the underlying shares on May 4, 2024, with the remaining 75% vesting in six equal semi-annual installments thereafter.
Sentiment
Score: 5
Explanation: This is a neutral report on a routine transaction related to executive compensation and tax obligations.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the CFO's stock-based compensation and associated tax obligations.
Key Dates
| Date | Description |
|---|---|
| May 4, 2024 | 25% of restricted stock units vested. |
| November 4, 2024 | Date of stock transaction (tax withholding). |
| November 6, 2024 | Date of report filing. |
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