Autodesk SEC Filings

Mullen Automotive Inc. (Nasdaq: MULN) has filed Amendment No. 2 to its Form S-1 to register 40 million shares of common stock for resale by existing investors. The shares are issuable upon conversion of senior secured convertible notes and the cashless exercise of five-year warrants that were issued in a series of private placements completed between May 2024 and April 2025. The filing does not involve a primary offering—Mullen will receive no proceeds from share sales by the selling stockholders and is unlikely to receive cash from warrant exercises because the warrants allow a cashless mechanism that becomes more lucrative as the share price falls.

Capital structure & potential dilution

• Only 10,539,020 common shares were outstanding on 24 Jun 2025, yet the notes and warrants already outstanding could convert into 8.288 billion shares at their floor prices—roughly an 800-fold increase.
• The filing covers just 40 million of those potential shares; additional registration statements are contractually required.
• Conversion and exercise are capped at 9.99 % beneficial ownership per holder, but investors can sequentially convert, sell and reconvert, enabling large volume over time.
• Seven reverse stock splits (most recently 1-for-100 on 2 Jun 2025) have been executed since May 2023; the board is seeking authority for another split of 1-for-2 to 1-for-250.

Financings

• 5 % Original-Issue-Discount Senior Secured Notes accrue 15 % interest and mature four months after issuance. Conversion price is 95 % of the lowest VWAP in the prior five trading days, subject to noted floors ($1.16–$0.02).
• Warrants entitle holders to 200 % of the note share count at 105 % of the reference price or via cashless exercise using a Black-Scholes formula with a $0.01 floor.
• Investors hold additional rights to purchase up to $62.5 m (May 2024 round), $6.3 m (Jan 2025) and $3.1 m (Feb 2025) of further notes and warrants.

Listing status

• On 25 Feb 2025 Nasdaq notified Mullen that its Market Value of Listed Securities had been below the $35 m minimum for 30 consecutive days; the company has until 25 Aug 2025 to regain compliance.
• Earlier bid-price deficiencies were remedied via reverse splits, but cumulative splits above the 250-to-1 threshold could jeopardize future compliance periods.

Operating snapshot

• Mullen has pivoted to commercial EVs, acquiring 95 % of Bollinger Motors and beginning Class 3 truck shipments (Sep 2023) and Class 1 van shipments (Nov 2023).
• Tunica, MS plant is operational; Bollinger’s Class 4 truck is contract-manufactured by Roush (started Sep 2024).
• The consumer crossover program (Mullen FIVE) is on hold.

Key risks highlighted

• Massive potential dilution and “overhang” from continuous note conversion and warrant exercise.
• Dependence on further reverse splits to maintain Nasdaq listing.
• Anti-dilution features in existing preferred stock and convertible securities.
• Short-sale pressure encouraged by the structure of financing instruments.

Autodesk EVP and Chief People Officer Rebecca Pearce reported a significant insider transaction on June 24, 2025, selling 2,544 shares at $305 per share (total value: $776,920). The sale was executed according to a pre-established Rule 10b5-1 trading plan adopted on March 11, 2025.

Following the transaction, Pearce maintains beneficial ownership of 25,801 shares, which includes 13,217 unvested Restricted Stock Units (RSUs). The transaction was reported through an attorney-in-fact, Melissa Hoge.

This Form 4 filing indicates planned insider selling activity under a structured trading program, which helps avoid allegations of trading on material non-public information. The significant retention of shares, particularly the unvested RSUs, suggests continued alignment with shareholder interests despite the disposition.

Form 144 Notice of Proposed Sale filed for Autodesk (NASDAQ: ADSK) on June 28, 2025, detailing insider stock sales. Executive Rebecca Pearce plans to sell 2,544 shares with an aggregate market value of $775,920 through Morgan Stanley Smith Barney LLC.

The securities to be sold were acquired in two transactions:

• 1,508 shares acquired as Performance Shares on March 26, 2024
• 1,036 shares acquired as Restricted Stock on March 27, 2025

Recent trading activity by the same insider includes three separate transactions on June 17, 2025, totaling 486 shares sold for combined proceeds of $145,800. The filing indicates approximately 214 million shares outstanding. The proposed sale is scheduled for June 24, 2025, on the NASDAQ exchange.

Autodesk (ADSK) director Betsy Rafael reported a Form 4 filing disclosing a transaction dated June 18, 2025. The insider disposed of 292 shares of Common Stock at a price of $296.85 per share through a tax withholding transaction (coded as 'F').

Following the transaction, Rafael continues to hold 3,879 shares directly. The shares were withheld specifically to cover tax obligations, as indicated in the filing's explanatory notes.

Key Transaction Details:

• Transaction Type: Share withholding for taxes
• Ownership Type: Direct ownership
• Filing was submitted by attorney-in-fact Melissa Hoge on June 20, 2025
• No derivative securities were involved in this transaction

Autodesk, Inc. (ADSK) – Form 4 filed 20 June 2025

Director John T. Cahill reported two equity awards dated 18 June 2025 under the company’s 2022 Equity Incentive Plan and Director Compensation Policy.

• 406 Restricted Stock Units (RSUs) were granted in lieu of cash board fees. These RSUs vest at the next annual meeting and convert 1-for-1 into common shares.
• 846 RSUs were granted as the director’s annual equity award, also vesting at the next annual meeting.

All awards were coded “A” (acquired) at $0 cost, indicating compensation‐related issuance, not open-market purchases. After the transactions, Cahill directly owns 1,743 shares (including 1,252 unvested RSUs) and indirectly holds 2,060 shares through family trusts.

No shares were sold or disposed of, and no derivatives were exercised. The filing reflects routine director compensation rather than an active investment decision, so its market impact is expected to be immaterial.

Autodesk Director Rami Rahim reported two separate acquisitions of Restricted Stock Units (RSUs) on June 18, 2025:

• Acquired 304 RSUs as compensation for director services, which vest at the next annual meeting
• Received 846 RSUs as part of annual director compensation grant, also vesting at the next annual meeting

Following these transactions, Rahim beneficially owns 4,649 total RSUs, consisting of:

• 1,150 unvested RSUs
• 2,540 vested RSUs (distribution deferred under Director Compensation Policy)

All RSUs were granted under the 2022 Equity Incentive Plan, with each unit convertible into one share of Autodesk common stock. The RSUs were awarded at $0 cost as part of standard director compensation arrangements.

Autodesk Director Reid R. French Jr. reported two significant stock acquisitions on June 18, 2025, both involving Restricted Stock Units (RSUs) granted under the company's 2022 Equity Incentive Plan:

• Acquired 386 RSUs in lieu of cash compensation for director services
• Received an annual grant of 846 RSUs per Director Compensation Policy
• Total beneficial ownership increased to 15,646 shares, including 1,232 unvested RSUs

Both RSU grants will vest at the next annual meeting. The transactions were executed at $0 cost to the director, reflecting standard compensation practices for board members. This Form 4 filing was submitted by attorney-in-fact Melissa Hoge on June 20, 2025, demonstrating timely reporting within the SEC's required window.

Autodesk director Ayanna Howard received two grants of Restricted Stock Units (RSUs) on June 18, 2025:

• 304 RSUs granted in lieu of cash compensation for director services
• 846 RSUs as part of annual director compensation

Both RSU grants will vest at the next annual meeting. Following these transactions, Howard beneficially owns 7,552 total RSUs, consisting of:

• 1,150 unvested RSUs
• 4,161 vested RSUs with deferred distribution

These equity grants were made under Autodesk's 2022 Equity Incentive Plan and Director Compensation Policy. The transactions were reported via Form 4 filed by Howard's attorney-in-fact, Melissa Hoge, on June 20, 2025.

Autodesk director Karen Blasing received two grants of Restricted Stock Units (RSUs) on June 18, 2025:

• 304 RSUs granted in lieu of cash compensation for director services
• 846 RSUs as part of annual director compensation

Following these transactions, Blasing beneficially owns 10,638 shares, including:

• 1,150 unvested RSUs
• 3,099 vested RSUs with deferred distribution

All RSUs were granted under the 2022 Equity Incentive Plan and Director Compensation Policy, with vesting scheduled for the next annual meeting. These grants represent standard director compensation rather than open market transactions, with both awards having a $0 acquisition price.