Aeva's Largest Investor Strengthens Stake: What This Means for AEVA Stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sylebra Capital LLC and related parties reported changes in beneficial ownership of Aeva Technologies (AEVA) securities on June 20, 2025. Key details include:
Director and 10% owner Daniel Patrick Gibson acquired 5,968 shares of common stock at $0 through restricted stock units (RSUs). Following the transaction, the total beneficial ownership stands at 16,234,521 shares held indirectly through affiliated investment entities.
- The RSUs were awarded under the Non-Employee Director Compensation Plan
- RSUs will vest on the first anniversary of the grant date or upon a change of control
- Ownership structure involves multiple entities including Sylebra Capital Partners Master Fund, Sylebra Capital Parc Master Fund, and Sylebra Capital Menlo Master Fund
- Gibson owns 100% of Class A shares of Sylebra Cayman and 100% of Sylebra US membership interests
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SYLEBRA CAPITAL LLC, Gibson Daniel Patrick
Role
10% Owner | Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,968 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 16,234,521 shares (Indirect, See Footnote)
Footnotes (1)
- Consists of 5,968 shares of Common Stock of the Issuer subject to restricted stock units held directly by Daniel Patrick Gibson (Gibson). The remaining shares of Common Stock of the Issuer are held by the Affiliated Investment Entities. Sylebra Capital Limited (Sylebra HK) and Sylebra Capital LLC (Sylebra US) are the investment sub-advisers to Sylebra Capital Partners Master Fund, Ltd. (SCP MF), Sylebra Capital Parc Master Fund (PARC MF), Sylebra Capital Menlo Master Fund (MENLO MF), and other advisory clients. SCP MF, PARC MF, MENLO MF and other advisory clients are referred to collectively as the Affiliated Investment Entities. Sylebra Capital Management (Sylebra Cayman) is the investment manager and parent of Sylebra HK. Sylebra Cayman owns 100% of the shares of Sylebra HK, and Gibson owns 100% of the Class A shares of Sylebra Cayman and 100% of the membership interests of Sylebra US. Gibson is a founder, and the Chief Investment Officer, of Sylebra Cayman. In such capacities, Sylebra HK, Sylebra US, Sylebra Cayman and Gibson may be deemed to share voting and dispositive power over the securities of the Issuer heldby the Affiliated Investment Entities. Sylebra HK, Sylebra US, Sylebra Cayman, and Gibson disclaim beneficial ownership of the shares of Common Stock of the Issuer held by the Affiliated Investment Entities, and this report shall not be deemed an admission that Sylebra HK, Sylebra US, Sylebra Cayman, and Gibson are the beneficial owners of the shares of Common Stock held by the Affiliated Investment Entities, except to the extent of their pecuniary interest, if any, therein. 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.
FAQ
What is the vesting schedule for the RSUs granted to AEVAW's director?
The restricted stock units (RSUs) were awarded under AEVA's Non-Employee Director Compensation Plan and will vest on the first anniversary of the grant date or upon a change of control, if earlier. These RSUs were granted on June 20, 2025.
Who are the reporting persons in AEVAW's June 28, 2025 Form 4?
The Form 4 was filed by multiple reporting persons: Sylebra Capital LLC, located in Palo Alto, CA, and Daniel Patrick Gibson, located in Seattle, WA. Both are listed as 10% owners of AEVA, with Gibson also serving as a Director.
What is the ownership structure of Sylebra Capital entities in relation to AEVAW holdings?
According to the filing, Sylebra Capital Limited (HK) and Sylebra Capital LLC (US) are investment sub-advisers to Sylebra Capital Partners Master Fund, PARC Master Fund, and Menlo Master Fund. Daniel Gibson owns 100% of Sylebra Cayman's Class A shares and 100% of Sylebra US membership interests. Gibson serves as Chief Investment Officer of Sylebra Cayman.