Aeva CFO sells shares to cover RSU taxes
Aeva Technologies Chief Financial Officer Saurabh Sinha reported an automatic sale of 11,212 shares of common stock.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 11,212 | $26.7547 | $300K |
Footnotes (1)
- F1. This transaction is upon vesting of certain time-based restricted stock unit awards to cover tax withholding obligations. These shares of common stock were automatically sold in a non-discretionary transaction to cover tax withholding obligations upon the settlement of certain time-based restricted stock unit awards.
Key Figures
Key Terms
restricted stock unit financial
tax withholding obligations financial
non-discretionary transaction financial
FAQ
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What insider transaction did Aeva Technologies (AEVA) report for its CFO?
What is the nature of the restricted stock units mentioned in Aeva’s Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.