AEVA.NASDAQAeva Technologies, INC

Form 4: Aeva Technologies CFO Saurabh Sinha Reports Stock Transactions

Sentiment:

SEC Form 4

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Chief Financial Officer Saurabh Sinha of Aeva Technologies reports the vesting and subsequent tax withholding of shares.

Summary

  • On September 29, 2024, Saurabh Sinha, the CFO of Aeva Technologies, reported transactions involving common stock and restricted stock units.
  • 21,604 restricted stock units vested, which were then converted into an equal number of common stock shares.
  • The CFO now directly owns 757,270 shares of Aeva Technologies common stock.
  • 11,612 shares were withheld by the issuer to cover income tax obligations related to the vesting of the restricted stock units at a price of $3.33.

Sentiment

Score: 5

Explanation: This is a neutral report on stock transactions related to executive compensation; it doesn't inherently indicate positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and does not necessarily indicate a significant event for the company's operations or outlook.

Stakeholder Impact

  • The transactions have a minor impact on shareholders as they relate to executive compensation and do not represent a dilution of shares.

Key Dates

DateDescription
November 2, 2020Date of the Business Combination Agreement among InterPrivate Acquisition Corp., WLLY Merger Sub Corp., and Aeva, Inc.
September 29, 2021Initial vesting date of 25% of the restricted stock units.
September 29, 2024Date of the reported transactions: vesting of restricted stock units and tax withholding.
October 01, 2024Date of signature for the Form 4 filing.

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