Form 4: Aurora Innovation's General Counsel Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Nolan Shenai, General Counsel of Aurora Innovation, sold shares of Class A common stock to cover tax withholding obligations upon the vesting of Restricted Stock Units.
Summary
- On May 20, 2024, Nolan Shenai, General Counsel and Secretary of Aurora Innovation, Inc., disposed of 13,764 shares of Class A Common Stock.
- The shares were sold at a price of $2.74 per share.
- The transaction was executed to cover tax withholding obligations related to the vesting of Restricted Stock Units (RSUs).
- Following the transaction, Shenai directly owns 410,396 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover tax obligations) and does not contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Sales of shares to cover tax obligations upon vesting of RSUs are a common practice among corporate executives and are generally not indicative of the company's performance or future prospects.
Key Dates
| Date | Description |
|---|---|
| 04/30/2022 | Date of grant for some of the Restricted Stock Units. |
| 03/08/2023 | 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 transaction (sale of shares). |
| 05/22/2024 | Date of signature on the SEC Form 4. |
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