Reid Hoffman-linked funds in Aurora (NASDAQ: AUR) sell 5.85M shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Aurora Innovation, Inc. director-associated entities reported significant changes in holdings of Class A and Class B Common Stock. On May 15 and May 18, 2026, entities associated with Reid Hoffman executed open-market sales totaling 5,846,133 shares of Class A Common Stock in several transactions. Reported weighted average prices included $7.8082 and $7.5052 per share, with actual trade prices ranging from $7.70 to $7.98 and from $7.50 to $7.5150, respectively.
The filing also shows earlier activity on October 31, 2025, when entities associated with Hoffman converted 7,048,487 shares of Class B Common Stock into the same number of Class A shares through derivative conversions at a stated conversion price of $0.0000. A remaining indirect derivative position of 782,088 shares of Class B Common Stock, convertible into an equal number of Class A shares at any time with no expiration date, is reported. Footnotes clarify that these securities are held by various funds and LLCs, including Greylock 15 entities and several sponsor-related vehicles, and that Hoffman disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,846,133 shares ($45,542,439)
Net Sell
17 txns
Insider
Hoffman Reid
Role
null
Sold
5,846,133 shs ($45.54M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 312,882 | $7.5052 | $2.35M |
| Sale | Class A Common Stock | 17,382 | $7.5052 | $130K |
| Sale | Class A Common Stock | 17,382 | $7.5052 | $130K |
| Sale | Class A Common Stock | 4,948,637 | $7.8082 | $38.64M |
| Sale | Class A Common Stock | 274,925 | $7.8082 | $2.15M |
| Sale | Class A Common Stock | 274,925 | $7.8082 | $2.15M |
| Conversion | Class B Common Stock | 6,343,637 | $0.00 | -- |
| Conversion | Class B Common Stock | 352,425 | $0.00 | -- |
| Conversion | Class B Common Stock | 352,425 | $0.00 | -- |
| Conversion | Class A Common Stock | 6,343,637 | $0.00 | -- |
| Conversion | Class A Common Stock | 352,425 | $0.00 | -- |
| Conversion | Class A Common Stock | 352,425 | $0.00 | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 1,082,118 shares (Indirect, See Footnotes);
Class B Common Stock — 0 shares (Indirect, See Footnotes);
Class A Common Stock — 318,122 shares (Direct, null)
Footnotes (1)
- Each share of Class B Common Stock is convertible into an equal number of shares of Class A Common Stock at any time, at the holder's election, and has no expiration date. Greylock 15 GP LLC ("Greylock LLC") is the general partner of each of Greylock 15 Limited Partnership ("Greylock 15"), Greylock 15 Principals Limited Partnership ("Greylock Principals"), and Greylock 15-A Limited Partnership ("Greylock 15-A"). By virtue of being a managing member of Greylock LLC, the reporting person may be deemed a beneficial owner of the securities held by Greylock 15, Greylock Principals, and Greylock 15-A. The reporting person disclaims beneficial ownership of the securities held by Greylock 15, Greylock Principals, and/or Greylock 15-A, except to the extent of his pecuniary interest therein. Reflects securities held directly by Greylock 15. Reflects securities held directly by Greylock 15-A. Reflects securities held directly by Greylock 15 Principals. Weighted average price. This transaction was executed in multiple trades at prices ranging from $7.70 to $7.98 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above. Weighted average price. This transaction was executed in multiple trades at prices ranging from $7.50 to $7.5150 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above. Reflects securities held directly by Reinvent Sponsor Y LLC (the "Sponsor"). The reporting person may be deemed a beneficial owner of securities held by the Sponsor by virtue of his shared control over and indirect pecuniary interest in the Sponsor. The reporting person disclaims beneficial ownership of the securities held by the Sponsor, except to the extent of his pecuniary interest therein. Reflects securities held by Reprogrammed Interchange LLC ("Reprogrammed"). The reporting person may be deemed a beneficial owner of securities held by Reprogrammed by virtue of his shared control over and indirect pecuniary interest in Reprogrammed. The reporting person disclaims beneficial ownership of the securities held by Reprogrammed, except to the extent of his pecuniary interest therein. Reflects securities held by Programmable Exchange LLC ("Programmable"). The reporting person may be deemed a beneficial owner of securities held by Programmable by virtue of his voting and investment power over such securities. The reporting person disclaims beneficial ownership of the securities held by Programmable, except to the extent of his pecuniary interest therein. Reflects securities held directly by Thigmotropism LLC. The reporting person may be deemed a beneficial owner of securities held by Thigmotropism LLC by virtue of his voting and investment power over such securities. The reporting person disclaims beneficial ownership of the securities held by Thigmotropism LLC, except to the extent of his pecuniary interest therein.
Key Figures
Shares sold: 5,846,133 shares
Sale price (May 15, 2026): $7.8082/share
Sale price (May 18, 2026): $7.5052/share
+3 more
6 metrics
Shares sold
5,846,133 shares
Total open-market sales of Class A Common Stock
Sale price (May 15, 2026)
$7.8082/share
Weighted average sale price, range $7.70–$7.98
Sale price (May 18, 2026)
$7.5052/share
Weighted average sale price, range $7.50–$7.5150
Converted shares
7,048,487 shares
Class B to Class A conversions on October 31, 2025
Remaining Class B derivative
782,088 shares
Class B shares convertible 1:1 into Class A, no expiration
Conversion price
$0.0000/share
Stated for Class B to Class A conversions
Key Terms
open-market sale, Class B Common Stock, derivative conversion, beneficial ownership, +1 more
5 terms
open-market sale financial
"executed open-market sales totaling 5,846,133 shares of Class A Common Stock"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Class B Common Stock financial
"converted 7,048,487 shares of Class B Common Stock into the same number of Class A shares"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
derivative conversion financial
"through derivative conversions at a stated conversion price of $0.0000"
beneficial ownership financial
"the reporting person disclaims beneficial ownership of the securities held by these entities except to the extent of his pecuniary interest"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
weighted average price financial
"Weighted average price. This transaction was executed in multiple trades at prices ranging from $7.70 to $7.98 inclusive"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
FAQ
What did the Aurora Innovation (AUR) Form 4 filing report for Reid Hoffman-linked entities?
The Form 4 reports that entities associated with Reid Hoffman executed open-market sales totaling 5,846,133 shares of Aurora Innovation Class A Common Stock, alongside previously reported conversions of Class B into Class A shares and remaining derivative holdings in Class B stock.
What derivative conversions involving Aurora Innovation (AUR) stock were disclosed?
On October 31, 2025, entities associated with Reid Hoffman converted 7,048,487 shares of Class B Common Stock into an equal number of Class A shares. These derivative conversions were reported at a stated conversion price of $0.0000 per share for the underlying Class A Common Stock.