Form 4: Aeva Technologies CFO Saurabh Sinha Reports Stock Transactions
SEC Form 4 Filing
Chief Financial Officer Saurabh Sinha of Aeva Technologies reports acquisition and disposal of common stock and restricted stock units.
Summary
- On March 29, 2024, Saurabh Sinha, the CFO of Aeva Technologies, reported transactions involving the company's common stock and restricted stock units.
- Sinha acquired 21,604 shares of common stock through the vesting of restricted stock units.
- He also disposed of 11,397 shares to cover income tax withholding obligations at a price of $3.93 per share.
- Following these transactions, Sinha directly owns 302,591 shares of Aeva Technologies common stock.
- The reported amounts reflect a 1-for-5 reverse stock split that took effect on March 18, 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company executive, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| November 2, 2020 | Date of the Business Combination Agreement among InterPrivate Acquisition Corp., WLLY Merger Sub Corp., and Aeva, Inc. |
| September 29, 2021 | Initial vesting date for 25% of the restricted stock units. |
| March 18, 2024 | Effective date of the 1-for-5 reverse stock split. |
| March 29, 2024 | Date of the reported stock transactions. |
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