Form 4: Reid Hoffman Reports Changes in Beneficial Ownership of Aurora Innovation, Inc. Shares

Reid Hoffman, a director of Aurora Innovation, Inc., reports a distribution of shares from Reinvent Sponsor Y LLC and subsequent changes in his beneficial ownership.

Summary

• On February 18, 2025, Reinvent Sponsor Y LLC distributed 1,720,771 shares of Aurora Innovation, Inc.'s Class A common stock to its members.
• Reprogrammed Interchange LLC indirectly received 550,646 of these shares and now directly owns them.
• Reid Hoffman may be deemed a beneficial owner of shares held by Reinvent Sponsor Y LLC, Reprogrammed Interchange LLC, and Programmable Exchange LLC due to shared control and pecuniary interest.
• Hoffman disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.
• Following these transactions, Hoffman directly owns 286,247 shares of Class A Common Stock and indirectly owns 5,162,315 shares through the Sponsor, 1,550,646 shares through Reprogrammed, and 674,719 shares through Programmable.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership, common for corporate insiders like directors.

Stakeholder Impact

• Shareholders are informed about changes in ownership by a key insider.
• The filing ensures transparency and compliance with securities regulations.

Key Dates

Keywords

beneficial ownership, Form 4, Aurora Innovation, Reid Hoffman, share distribution, Class A common stock, securities