Form 4: Aurora Innovation CFO David Maday Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
David Maday, CFO of Aurora Innovation, sold shares of Class A Common Stock to cover tax withholding obligations related to vesting Restricted Stock Units.
Summary
- On February 20, 2025, David Maday, the CFO of Aurora Innovation, Inc., disposed of 32,331 shares of Class A Common Stock.
- The shares were sold at a price of $8.94 per share.
- This transaction was executed to cover the reporting person's tax withholding obligations upon the quarterly vesting of Restricted Stock Units (RSUs).
- Following the transaction, Maday still beneficially owns 1,126,388 shares of Class A Common Stock.
Sentiment
Score: 6
Explanation: The document is a standard regulatory filing related to stock transactions. It's neutral in tone and reflects routine activity.
Industry Context
Executive stock transactions are a normal part of corporate governance. Sales to cover tax obligations are common and don't necessarily indicate a negative outlook on the company.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| March 15, 2022 | Date of grant for some of the Restricted Stock Units. |
| March 8, 2023 | Date of grant for some of the Restricted Stock Units. |
| June 14, 2023 | Date of grant for some of the Restricted Stock Units. |
| March 8, 2024 | Date of grant for some of the Restricted Stock Units. |
| February 20, 2025 | Date of transaction: sale of shares to cover tax obligations. |
| February 21, 2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Aurora Innovation, David Maday, CFO, Class A Common Stock, Restricted Stock Units, Tax Withholding, Beneficial Ownership, Securities Exchange Act
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