4/A: Aptera Motors Corp: Insider RSU Grant Correction

Aptera Motors Corp files an amended Form 4 to correct the number of restricted stock units granted to Co-CEO Steve Fambro.

Summary

• This filing is an amendment (Form 4/A) to a previously filed Form 4, dated April 17, 2026.
• The amendment corrects an error in the number of securities reported as granted to Reporting Person Steve Fambro.
• On April 15, 2026, Steve Fambro was granted 144,343 restricted stock units (RSUs) under the Issuer's 2025 Omnibus Equity Incentive Plan.
• These RSUs vest in tranches: 25% on April 30, 2026, July 31, 2026, October 31, 2026, and December 31, 2026.
• Each RSU represents a right to receive one share of Aptera Motors Corp's Class B common stock, contingent on continued service.
• The total number of securities beneficially owned following this transaction is reported as 145,869, which includes the 144,343 unvested RSUs.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it is a procedural correction of an insider equity grant and does not contain operational or financial performance updates.

Positives

• Correction of an inadvertent error in a previous filing, ensuring accurate reporting of equity grants.
• Grant of 144,343 RSUs to a key executive (Co-CEO), indicating continued incentive and retention efforts.
• RSUs are tied to continued service, aligning executive interests with the company's long-term performance.
• The reporting person is a Director, 10% Owner, and Officer (Co-CEO), showing significant alignment and involvement.

Negatives

• The need for an amendment suggests a minor administrative oversight in the initial filing.

Risks

• The vesting schedule for the RSUs is tied to the reporting person's continuous service, meaning any departure before vesting dates would result in forfeiture of those unvested units.

Future Outlook

The filing does not contain forward-looking statements or guidance regarding the company's financial performance or strategic direction. It solely pertains to an amendment of an insider equity grant.

Management Comments

• This Form 4/A amends the original Form 4, filed on April 17, 2026, to correct an inadvertent error in the number of securities reported as granted.
• On April 15, 2026, the Reporting Person was granted 144,343 restricted stock units ('RSUs') pursuant to the Issuer's 2025 Omnibus Equity Incentive Plan, with 25% of such RSUs vesting on each of April 30, 2026, July 31, 2026, October 31, 2026 and December 31, 2026.
• Each RSU represents a right to receive one share of the Issuer's Class B common stock, contingent on the Reporting Person's continuous service through each applicable vesting date.
• This amount includes 144,343 unvested RSUs subject to the vesting schedule as reported herein.

Industry Context

StockSavvy.ai notes that equity grants to key executives are standard practice in the automotive and technology sectors, particularly for companies in growth or development phases like Aptera Motors Corp. Such grants are designed to attract, retain, and incentivize leadership, aligning their interests with long-term shareholder value.

Stakeholder Impact

• Shareholders: The correction ensures accurate reporting of equity dilution and executive compensation, maintaining transparency.
• Employees: The RSU grant to a Co-CEO reinforces the company's use of equity-based compensation to retain key talent.
• Management: The filing confirms the equity compensation structure for a key executive.

Next Steps

• Vesting of restricted stock units on April 30, 2026, July 31, 2026, October 31, 2026, and December 31, 2026, contingent on continued service.
• Continued reporting of beneficial ownership changes as required by SEC regulations.

Key Dates

Keywords

Form 4/A, Steve Fambro, Aptera Motors Corp, SEV, Restricted Stock Units, RSUs, Equity Incentive Plan, Insider Trading, Beneficial Ownership, Vesting Schedule, Class B Common Stock