Form 4: Aurora Innovation CFO David Maday Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
David Maday, CFO of Aurora Innovation, disposed of 40,469 shares of Class A Common Stock on August 20, 2024, to cover tax withholding obligations related to vesting Restricted Stock Units.
Summary
- On August 20, 2024, David Maday, the Chief Financial Officer of Aurora Innovation, disposed of 40,469 shares of Class A Common Stock.
- The disposal was executed to cover tax withholding obligations associated with the vesting of Restricted Stock Units (RSUs).
- The price per share for the disposed stock was $3.78.
- Following the transaction, Maday still beneficially owns 1,207,036 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This filing indicates the CFO disposed of shares to cover tax obligations, which is a common practice.
Key Dates
| Date | Description |
|---|---|
| 03/15/2022 | Date of grant for some of the Restricted Stock Units. |
| 03/08/2023 | Date of grant for some of the Restricted Stock Units. |
| 06/14/2023 | Date of grant for some of the Restricted Stock Units. |
| 03/08/2024 | Date of grant for some of the Restricted Stock Units. |
| 08/20/2024 | Date of the stock disposal transaction. |
| 08/21/2024 | Date of signature on the Form 4 filing. |
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