Aeva Technologies (NYSE: AEVA) CFO sells shares to cover RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Aeva Technologies Chief Financial Officer Saurabh Sinha reported an automatic sale of 11,212 shares of common stock. The shares were sold at an average price of $26.7547 per share solely to cover tax withholding obligations arising from the vesting of time-based restricted stock units.
After this tax-related transaction, Sinha continues to hold 678,822 shares of Aeva Technologies common stock directly. Because the sale was non-discretionary and tied to equity compensation vesting, it reflects routine tax management rather than an active decision to reduce his investment stake.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 11,212 shares ($299,974)
Net Sell
1 txn
Insider
Sinha Saurabh
Role
Chief Financial Officer
Sold
11,212 shs ($300K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 11,212 | $26.7547 | $300K |
Holdings After Transaction:
Common Stock — 678,822 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 11,212 shares
Average sale price: $26.7547 per share
Shares held after transaction: 678,822 shares
3 metrics
Shares sold
11,212 shares
Automatic sale to cover tax withholding on RSU vesting
Average sale price
$26.7547 per share
Price for common stock sold in the tax-related transaction
Shares held after transaction
678,822 shares
Direct common stock holdings of CFO following the Form 4 sale
Key Terms
restricted stock unit, tax withholding obligations, non-discretionary transaction
3 terms
restricted stock unit financial
"upon the settlement of certain time-based restricted stock unit awards"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
tax withholding obligations financial
"sold in a non-discretionary transaction to cover tax withholding obligations"
non-discretionary transaction financial
"automatically sold in a non-discretionary transaction to cover tax withholding obligations"
FAQ
What insider transaction did Aeva Technologies (AEVA) report for its CFO?
Aeva Technologies reported that CFO Saurabh Sinha automatically sold 11,212 shares of common stock to cover tax withholding obligations from vested restricted stock units, at an average price of $26.7547 per share, as part of routine equity compensation settlement.
What is the nature of the restricted stock units mentioned in Aeva’s Form 4?
The filing refers to time-based restricted stock unit awards that vested, triggering settlement in common stock. Upon settlement, a portion of the resulting shares was automatically sold in a non-discretionary transaction to satisfy associated tax withholding obligations for the CFO.