Aurora Innovation (AUR) director-affiliated funds convert and sell 1.48M Class A shares
Rhea-AI Filing Summary
Aurora Innovation, Inc. director-affiliated entities reported a multi-day convert-and-sell transaction in Aurora Class A shares. On August 11–13, 2026, Index Ventures Growth III (Jersey) L.P. and Yucca (Jersey) SLP converted an aggregate 1,479,266 shares of Class B Common Stock into Class A Common Stock on a one-for-one basis and sold the resulting Class A shares in sales described as open market or private transactions at weighted-average prices ranging from $6.9142 to $7.0807 per share. The reporting person, Michelangelo Volpi, files as a retired partner in the Index Ventures group and disclaims Section 16 beneficial ownership of these fund and co‑investment vehicle holdings except to the extent of any pecuniary interest. Separately, 943,067 Class A shares are reported as held indirectly through The M. Volpi 2025 GRAT 2, a grantor-retained annuity trust for which he serves as trustee and sole annuitant.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
19 txns
Insider
Volpi Michelangelo
Role
Director
Sold
1,479,266 shs ($10.35M)
Approx. gross sale proceeds
$10.35M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock F1, F2 | 22,163 | $0.00 | $0.00 |
| Conversion | Class B Common Stock F1, F4 | 338 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1, F2 | 22,163 | -- | -- |
| Sale | Class A Common Stock F6, F2 | 22,163 | $7.0085 | $155K |
| Conversion | Class A Common Stock F1, F4 | 338 | -- | -- |
| Sale | Class A Common Stock F6, F4 | 338 | $7.0085 | $2K |
| Conversion | Class B Common Stock F1, F2 | 14,692 | $0.00 | $0.00 |
| Conversion | Class B Common Stock F1, F4 | 224 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1, F2 | 14,692 | -- | -- |
| Sale | Class A Common Stock F5, F2 | 14,692 | $7.0007 | $103K |
| Conversion | Class A Common Stock F1, F4 | 224 | -- | -- |
| Sale | Class A Common Stock F5, F4 | 224 | $7.0007 | $2K |
| Conversion | Class B Common Stock F1, F2 | 1,420,222 | $0.00 | $0.00 |
| Conversion | Class B Common Stock F1, F4 | 21,627 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1, F2 | 1,420,222 | -- | -- |
| Sale | Class A Common Stock F3, F2 | 1,420,222 | $6.9937 | $9.93M |
| Conversion | Class A Common Stock F1, F4 | 21,627 | -- | -- |
| Sale | Class A Common Stock F3, F4 | 21,627 | $6.9937 | $151K |
| holding | Class A Common Stock F7 | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 34,340,643 shares (Indirect, By: Index Ventures Growth III (Jersey) L.P.);
Class B Common Stock — 522,934 shares (Indirect, By: Yucca (Jersey) SLP);
Class A Common Stock — 0 shares (Indirect, By: Index Ventures Growth III (Jersey) L.P.);
Class A Common Stock — 0 shares (Indirect, By: Yucca (Jersey) SLP);
Class A Common Stock — 943,067 shares (Indirect, By: The M. Volpi 2025 GRAT 2)
Footnotes (7)
- F1. The shares of Class B Common Stock are convertible at any time at the option of the holder into shares of Class A Common Stock on a one-for-one basis, subject to certain exceptions, and automatically convert into Class A Common Stock upon the occurrence of certain events as set forth in the Issuer's certificate of incorporation.
- F2. Shares held by Index Ventures Growth III (Jersey) L.P. ("Index Growth III"). Index Venture Growth Associates III Limited ("IVGA III") is the managing general partner of Index Growth III. The Reporting Person is a retired partner within the Index Ventures group. Advisors within the Index Ventures group provide advice to Index Growth III. The Reporting Person disclaims Section 16 beneficial ownership of these securities, 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.
- F3. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.9142 to $7.0807. 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, the full information regarding the number of shares sold at each separate price within the range set forth above.
- F4. Shares held by Yucca (Jersey) SLP ("Yucca"). Yucca is the administrator of the Index co-investment vehicles that are contractually required to mirror the relevant fund's investment in the issuer (in this case, Index Growth III). The Reporting Person disclaims Section 16 beneficial ownership of these securities, 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.
- F5. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.00 to $7.0245. 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, the full information regarding the number of shares sold at each separate price within the range set forth above.
- F6. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.00 to $7.025. 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, the full information regarding the number of shares sold at each separate price within the range set forth above.
- F7. Shares held by The M. Volpi 2025 GRAT 2 (the "2025 GRAT"), a grantor-retained annuity trust for which the Reporting Person is the trustee and sole annuitant.
Key Figures
Shares sold: 1,479,266 shares
Sale price (Aug 11 weighted average): $6.9937 per share
Sale price (Aug 12 weighted average): $7.0007 per share
+3 more
6 metrics
Shares sold
1,479,266 shares
Aggregate Class A Common Stock sold by Index Ventures Growth III and Yucca after conversions
Sale price (Aug 11 weighted average)
$6.9937 per share
Weighted-average price for 1,420,222 Class A shares sold by Index Ventures Growth III on August 11, 2026
Sale price (Aug 12 weighted average)
$7.0007 per share
Weighted-average price for 14,692 Class A shares sold by Index Ventures Growth III on August 12, 2026
Sale price (Aug 13 weighted average)
$7.0085 per share
Weighted-average price for 22,163 Class A shares sold by Index Ventures Growth III on August 13, 2026
Class B converted
1,479,266 shares
Total Class B Common Stock converted one-for-one into Class A Common Stock across August 11–13, 2026
GRAT Class A holdings
943,067 shares
Class A Common Stock held indirectly by The M. Volpi 2025 GRAT 2 as of August 11, 2026
Key Terms
grantor-retained annuity trust, weighted average price, pecuniary interest, Section 16 beneficial ownership, +1 more
5 terms
grantor-retained annuity trust financial
"Shares held by The M. Volpi 2025 GRAT 2, a grantor-retained annuity trust"
weighted average price financial
"The price reported in column 4 is a weighted average price"
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.
pecuniary interest financial
"disclaims Section 16 beneficial ownership of these securities, except to the extent of his pecuniary interest"
Section 16 beneficial ownership regulatory
"disclaims Section 16 beneficial ownership of these securities, except to the extent of his pecuniary interest"
Class B Common Stock financial
"The shares of Class B Common Stock are convertible at any time at the option of the holder"
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.
FAQ
What did Aurora Innovation (AUR) director-affiliated funds do in this Form 4?
Entities associated with director Michelangelo Volpi converted 1,479,266 Class B shares into Class A and sold those Class A shares in transactions described as open market or private sales around $7 per share over August 11–13, 2026.
Were the Aurora Innovation (AUR) transactions direct sales by Michelangelo Volpi?
The transactions were reported as indirect, through Index Ventures Growth III (Jersey) L.P. and Yucca (Jersey) SLP. Volpi disclaims Section 16 beneficial ownership of these securities except for any pecuniary interest, according to the disclosure language.
What Aurora Innovation (AUR) holdings are reported for The M. Volpi 2025 GRAT 2?
The filing lists 943,067 Class A shares held indirectly by The M. Volpi 2025 GRAT 2, a grantor-retained annuity trust for which Michelangelo Volpi is the trustee and sole annuitant, indicating a separate indirect ownership position.
Was a Rule 10b5-1 trading plan used for these Aurora Innovation (AUR) trades?
The document-level Rule 10b5-1 checkbox is shown as not affirmed, and no footnote states that the conversions or sales were executed under a Rule 10b5-1 or other pre-arranged trading plan.
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