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 vesting restricted stock units.
Summary
- On May 4, 2024, Saurabh Sinha, the CFO of Aeva Technologies, had 10,550 shares of common stock withheld by the issuer to cover income tax obligations related to the vesting of restricted stock units.
- The price per share for the transaction was $3.42.
- Following the transaction, Sinha beneficially owns 292,041 shares of Aeva Technologies common stock.
- The restricted stock units vest as to 25% of the underlying shares on May 4, 2024, and the remaining 75% vest in six equal semi-annual installments thereafter.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding stock transactions, indicating a neutral sentiment.
Industry Context
This is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes, not an open market sale.
Key Dates
| Date | Description |
|---|---|
| 05/04/2024 | Date of stock transaction and initial vesting of restricted stock units. |
| 05/07/2024 | Date of Form 4 filing. |
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