Aurora CFO has 54K shares withheld for taxes
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Form Type
4
Rhea-AI Filing Summary
Aurora Innovation, Inc. (AUR) reports that Chief Financial Officer David Maday had 54,412 shares of Class A common stock withheld on August 20, 2026 to cover tax withholding obligations upon the quarterly vesting of multiple Restricted Stock Unit grants, at a reference value of $6.20 per share. After this tax-withholding disposition, he holds 1,900,092 Class A shares directly, plus indirect holdings of 79,874 and 79,873 shares in separate irrevocable gift trusts for family members, where he serves as trustee and may be deemed a beneficial owner.
Insights
Analyzing...
Insider Trade Summary
Tax Withholding: 54,412 shares
Tax Withholding
3 txns
Insider
Maday David
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock F1 | 54,412 | $6.20 | $337K |
| holding | Class A Common Stock F2 | -- | -- | -- |
| holding | Class A Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 1,900,092 shares (Direct);
Class A Common Stock — 79,874 shares (Indirect, Held by The Maday Irrevocable Gift Trust F/B/O Blake J. Maday);
Class A Common Stock — 79,873 shares (Indirect, Held by The Maday Irrevocable Gift Trust F/B/O Samantha L. Maday)
Footnotes (2)
- F1. Represents (i) 13,626 shares of Class A common stock withheld by the Issuer to cover the reporting person's tax withholding obligation upon the quarterly vesting of Restricted Stock Units granted on June 14, 2023; (ii) 7,786 shares of Class A common stock withheld by the Issuer to cover the reporting person's tax withholding obligation upon the quarterly vesting of Restricted Stock Units granted on March 8, 2024; (iii) 15,141 shares of Class A common stock withheld by the Issuer to cover the reporting person's tax withholding obligation upon the quarterly vesting of Restricted Stock Units granted on March 24, 2025; and (iv) 17,859 shares of Class A common stock withheld by the Issuer to cover the reporting person's tax withholding obligation upon the quarterly vesting of Restricted Stock Units granted on March 23, 2026.
- F2. The reporting person is a trustee of the trust. The reporting person, in such capacity, may be deemed a beneficial owner of the securities held by the trust.
Key Figures
Shares withheld for tax liability: 54,412 shares of Class A Common Stock
Reference price per share: $6.20 per share
Direct holdings after transaction: 1,900,092 shares of Class A Common Stock
+3 more
6 metrics
Shares withheld for tax liability
54,412 shares of Class A Common Stock
Withheld on August 20, 2026 for RSU vesting tax obligations
Reference price per share
$6.20 per share
Value applied to the 54,412 withheld shares
Direct holdings after transaction
1,900,092 shares of Class A Common Stock
Direct ownership by David Maday following the August 20, 2026 event
Indirect trust holdings (Blake trust)
79,874 shares of Class A Common Stock
Held by The Maday Irrevocable Gift Trust F/B/O Blake J. Maday
Indirect trust holdings (Samantha trust)
79,873 shares of Class A Common Stock
Held by The Maday Irrevocable Gift Trust F/B/O Samantha L. Maday
RSU vesting tax-withheld components
13,626; 7,786; 15,141; 17,859 shares
Shares withheld from RSU grants dated June 14, 2023; March 8, 2024; March 24, 2025; March 23, 2026
Key Terms
Restricted Stock Units, beneficial owner, Irrevocable Gift Trust, tax withholding obligation
4 terms
Restricted Stock Units financial
"tax withholding obligation upon the quarterly vesting of Restricted Stock Units granted"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
beneficial owner financial
"may be deemed a beneficial owner of the securities held by the trust"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
Irrevocable Gift Trust financial
"Held by The Maday Irrevocable Gift Trust F/B/O Blake J. Maday"
tax withholding obligation financial
"withheld by the Issuer to cover the reporting person's tax withholding obligation"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Aurora Innovation (AUR) disclose for CFO David Maday?
CFO David Maday reported a Code F disposition of 54,412 Class A shares on August 20, 2026, representing shares withheld by Aurora Innovation to satisfy his tax withholding obligations upon quarterly vesting of several RSU grants.
Was the Aurora Innovation (AUR) CFO’s Form 4 transaction an open-market sale?
No. The Form 4 states the 54,412 shares were withheld by Aurora Innovation to pay tax withholding obligations related to quarterly vesting of RSUs, classified under Code F as payment of tax liability by delivering or withholding securities, not as an open-market sale.
What RSU grants triggered the tax withholding for Aurora Innovation (AUR) CFO?
The tax withholding covered quarterly vesting from four RSU grants to David Maday: 13,626 shares from a June 14, 2023 grant, 7,786 shares from a March 8, 2024 grant, 15,141 shares from a March 24, 2025 grant, and 17,859 shares from a March 23, 2026 grant.
What indirect Aurora Innovation (AUR) holdings are reported for CFO David Maday?
Two indirect positions are reported: 79,874 shares held by The Maday Irrevocable Gift Trust F/B/O Blake J. Maday and 79,873 shares held by The Maday Irrevocable Gift Trust F/B/O Samantha L. Maday. David Maday is trustee and may be deemed a beneficial owner of these securities.
AI-generated analysis. How Rhea-AI works. Not financial advice.
