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 31,697 shares of Class A common stock to cover tax withholding obligations related to vesting Restricted Stock Units.
Summary
- On May 20, 2024, David Maday, the Chief Financial Officer of Aurora Innovation, Inc., disposed of 31,697 shares of Class A Common Stock.
- The disposal was executed to cover tax withholding obligations arising from the quarterly vesting of Restricted Stock Units (RSUs).
- The price per share for the transaction was $2.74.
- Following the transaction, Maday directly owns 1,247,505 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a neutral event. The stock disposal is related to tax obligations, not a discretionary sale indicating a change in sentiment about the company's prospects.
Industry Context
Form 4 filings are routine disclosures required by the SEC when company insiders, like the CFO, trade in their company's stock. These filings provide transparency to the market regarding insider transactions.
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. |
| 05/20/2024 | Date of the stock disposal transaction. |
| 05/22/2024 | Date of signature on the Form 4 filing. |
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