Form 4: Aurora CFO Sells Shares for Tax Obligations

Aurora Innovation's CFO, David Maday, disposed of 51,529 Class A common shares to cover tax liabilities from RSU vesting.

Summary

• David Maday, Chief Financial Officer of Aurora Innovation, Inc. (AUR), reported a disposition of 51,529 shares of Class A Common Stock.
• The transaction occurred on November 20, 2025, at a price of $3.83 per share.
• This disposition was a non-discretionary 'F' transaction, indicating shares were withheld by the issuer to cover tax withholding obligations.
• The shares withheld relate to the quarterly vesting of Restricted Stock Units (RSUs) granted on four separate dates: March 15, 2022 (1,351 shares), June 14, 2023 (27,251 shares), March 8, 2024 (7,786 shares), and March 24, 2025 (15,141 shares).
• Following this transaction, Mr. Maday beneficially owns 1,552,427 shares of Class A Common Stock directly.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary disposition of shares to cover tax liabilities upon RSU vesting. It does not reflect discretionary selling by management or provide new information about the company's operational or financial performance, thus indicating a neutral sentiment.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This Form 4 filing reports a routine, non-discretionary insider transaction related to equity compensation and tax obligations. It does not provide insights into broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes and does not signal a change in management's confidence or a significant shift in ownership structure.
• Employees: No direct impact indicated by this filing.

Key Dates

Recommendation

This Form 4 filing details a routine, non-discretionary sale of shares by the CFO to cover tax obligations arising from RSU vesting. Such transactions are common for executives and do not typically reflect a change in management's outlook or the company's fundamentals. Therefore, this filing provides no new information that would warrant a change in an existing investment thesis, leading to a 'hold' recommendation.

Keywords

Aurora Innovation, AUR, Form 4, Insider Transaction, CFO, Stock Sale, RSU, Tax Withholding, Equity Compensation