Aeva Board Member Deepens Stake with Annual Stock Grant Amid VC Fund Holdings

Rhea-AI Filing Summary

Aeva Technologies director Hrach Simonian received 5,968 restricted stock units (RSUs) on June 20, 2025, as part of the company's Non-Employee Director Compensation Plan. The RSUs were granted at $0 and will vest on the first anniversary of the grant date or upon a change of control, whichever comes first.

Following the transaction, Simonian directly owns 111,291 shares of common stock. Additionally, he has indirect ownership of 3,597,039 shares through Canaan XI, L.P., where he serves as a manager and member of Canaan Partners XI LLC, the fund's general partner. However, Simonian disclaims beneficial ownership of the Canaan entities' securities except for his pecuniary interest.

This Form 4 filing reflects standard annual director compensation practices and indicates significant indirect ownership through venture capital involvement.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Simonian Hrach

(Last) (First) (Middle)

C/O AEVA TECHNOLOGIES, INC.

555 ELLIS STREET

(Street)

MOUNTAIN VIEW CA 94043

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Aeva Technologies, Inc. [ AEVA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/20/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/20/2025		A		5,968(1)	A	$0	111,291	D
Common Stock								3,597,039	I	By Canaan XI, L.P.(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Reflects restricted stock units ("RSUs") awarded pursuant to the Issuer's Non-Employee Director Compensation Plan, pursuant to which each non-employee director of the Issuer receives an annual RSU grant that will vest on the first anniversary of the grant date or upon a change of control, if earlier.

2. Represents shares held directly by Canaan XI, L.P. (the "Canaan Fund"). The sole general partner of the Canaan Fund is Canaan Partners XI LLC ("Canaan XI", and together with the Canaan Fund, the "Canaan Entities"). Canaan XI may be deemed to have sole voting, investment and dispositive power with respect to the shares held by the Canaan Fund. The Reporting Person is a manager and member of Canaan XI. The Reporting Person disclaims Section 16 beneficial ownership in the securities held by the Canaan Entities, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for Section 16 or any other purpose.

	/s/ Soroush Salehian Dardashti, Attorney-in-Fact for Hrach Simonian	06/24/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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FAQ

How many AEVAW restricted stock units (RSUs) did Director Hrach Simonian receive on June 20, 2025?

According to the Form 4 filing, Director Hrach Simonian received 5,968 restricted stock units (RSUs) on June 20, 2025, awarded pursuant to Aeva Technologies' Non-Employee Director Compensation Plan.

When will Hrach Simonian's AEVAW RSUs vest?

The RSUs will vest on the first anniversary of the grant date (June 20, 2026) or upon a change of control, whichever occurs earlier, according to the Issuer's Non-Employee Director Compensation Plan.

How many shares of AEVAW does Hrach Simonian directly own after this transaction?

Following the reported transaction, Hrach Simonian directly owns 111,291 shares of Aeva Technologies (AEVAW) stock.

What is Hrach Simonian's indirect ownership position in AEVAW through Canaan XI, L.P.?

Through Canaan XI, L.P., Hrach Simonian has indirect beneficial ownership of 3,597,039 shares of AEVAW. However, the filing notes that he disclaims Section 16 beneficial ownership in these securities except to the extent of his pecuniary interest.

What was the purchase price of the RSUs granted to Hrach Simonian?

The RSUs were granted at a price of $0, as indicated in Table I of the Form 4 filing under the 'Price' column for the transaction dated June 20, 2025.