Form 4: Aurora CFO's Routine Stock Disposition for Taxes
Insider Transaction Report
Aurora Innovation's CFO, David Maday, reported a disposition of shares to cover tax obligations from RSU vesting.
Summary
- David Maday, Chief Financial Officer of Aurora Innovation, Inc. (AUR), reported the disposition of 51,530 shares of Class A Common Stock.
- The transaction occurred on August 20, 2025, with shares valued at $5.98 each.
- These shares were withheld by Aurora Innovation, Inc. to cover Maday's tax withholding obligations upon the quarterly vesting of Restricted Stock Units (RSUs).
- The RSUs vested were granted on March 15, 2022, June 14, 2023, March 8, 2024, and March 24, 2025.
- Following this transaction, Maday beneficially owns 1,603,956 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The filing reports a routine, non-discretionary transaction (tax withholding for RSU vesting) which is neutral in sentiment. It does not indicate positive or negative operational or financial performance.
Positives
- The transaction represents the vesting of Restricted Stock Units (RSUs), indicating the continued tenure and equity maturation for the Chief Financial Officer.
Negatives
- No direct negative implications are apparent from this routine tax withholding transaction.
Future Outlook
This filing does not contain any forward-looking statements or guidance.
Industry Context
This is a routine insider transaction filing (Form 4) related to equity compensation and tax obligations, which is common across publicly traded companies and does not reflect broader industry trends or competitive dynamics.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | David Maday granted a Power of Attorney to Shelley Webb, Yijun Han, Charles Gallmeyer, Erin Brown, and Jiani (Jenny) Wang to execute and file Forms 3, 4, and 5 on his behalf for Section 16 compliance. | 08/21/2025 | This streamlines the process for insider trading compliance filings for the Chief Financial Officer, ensuring timely and accurate reporting. |
Stakeholder Impact
- Shareholders: Minimal direct impact as this is a routine tax-related transaction and not a discretionary sale or purchase.
- Employees: Reflects standard equity compensation practices for executives.
Key Dates
| Date | Description |
|---|---|
| 03/15/2022 | Grant date for a portion of the Restricted Stock Units (RSUs) that vested. |
| 06/14/2023 | Grant date for a portion of the Restricted Stock Units (RSUs) that vested. |
| 03/08/2024 | Grant date for a portion of the Restricted Stock Units (RSUs) that vested. |
| 03/24/2025 | Grant date for a portion of the Restricted Stock Units (RSUs) that vested. |
| 08/20/2025 | Date of the reported transaction where shares were disposed for tax withholding. |
| 08/21/2025 | Date of the Power of Attorney for Section 16 filings. |
Keywords
Aurora Innovation, AUR, Form 4, Insider Transaction, David Maday, Chief Financial Officer, Restricted Stock Units, RSU Vesting, Tax Withholding, Equity Compensation
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