Aurora Innovation (AUR) director Volpi reports fund sales and large share gift
Rhea-AI Filing Summary
Aurora Innovation, Inc. director Michelangelo Volpi reported multiple transactions involving entities associated with him. On August 7 and 10, 2026, Index Ventures Growth III (Jersey) L.P. and Yucca (Jersey) SLP converted a total of 1,568,805 shares of Class B Common Stock into Class A Common Stock on a one-for-one basis and sold 1,889,023 Class A shares in open-market or private transactions at weighted average prices of $7.0523 and $7.0004 per share, respectively. Volpi also transferred 908,784 Class A shares as a bona fide gift to a charitable donor-advised fund, leaving 943,067 Class A shares held indirectly by The M. Volpi 2025 GRAT 2. Footnotes state that the fund and co-investment vehicle holdings are attributed to Index Growth III and Yucca, and Volpi disclaims Section 16 beneficial ownership except to the extent of his pecuniary interest.
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Insights
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Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
14 txns
Insider
Volpi Michelangelo
Role
Director
Sold
1,889,023 shs ($13.32M)
Approx. gross sale proceeds
$13.32M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock F1, F2 | 34,181 | $0.00 | $0.00 |
| Conversion | Class B Common Stock F1, F4 | 520 | $0.00 | $0.00 |
| Gift | Class A Common Stock F5 | 908,784 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1, F2 | 34,181 | -- | -- |
| Sale | Class A Common Stock F6, F2 | 34,181 | $7.0004 | $239K |
| Conversion | Class A Common Stock F1, F4 | 520 | -- | -- |
| Sale | Class A Common Stock F6, F4 | 520 | $7.0004 | $4K |
| Conversion | Class B Common Stock F1, F2 | 1,511,093 | $0.00 | $0.00 |
| Conversion | Class B Common Stock F1, F4 | 23,011 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1, F2 | 1,511,093 | -- | -- |
| Sale | Class A Common Stock F3, F2 | 1,826,508 | $7.0523 | $12.88M |
| Conversion | Class A Common Stock F1, F4 | 23,011 | -- | -- |
| Sale | Class A Common Stock F3, F4 | 27,814 | $7.0523 | $196K |
| holding | Class A Common Stock F7 | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 35,797,720 shares (Indirect, By: Index Ventures Growth III (Jersey) L.P.);
Class B Common Stock — 545,123 shares (Indirect, By: Yucca (Jersey) SLP);
Class A Common Stock — 0 shares (Direct);
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 $7.00 to $7.1399. 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. Reflects the transfer of 908,784 shares of Class A Common Stock as a bona fide gift to a charitable donor-advised fund on August 10, 2026. There was no purchase or sale of shares of Class A Common Stock in connection with the gift.
- 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 $7.015. 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: 1,889,023 shares
Shares converted: 1,568,805 shares
Gifted shares: 908,784 shares
+3 more
6 metrics
Shares sold
1,889,023 shares
Total Class A Common Stock shares sold by associated funds per transaction summary
Shares converted
1,568,805 shares
Total Class B Common Stock shares converted into Class A via derivative transactions
Gifted shares
908,784 shares
Class A shares transferred as a bona fide gift to a charitable donor-advised fund
Weighted average sale price
$7.0523 per share
Sales on August 7, 2026 at prices ranging from $7.00 to $7.1399
Weighted average sale price
$7.0004 per share
Sales on August 10, 2026 at prices ranging from $7.00 to $7.015
Remaining GRAT holding
943,067 shares
Class A shares held indirectly by The M. Volpi 2025 GRAT 2 after transactions
Key Terms
bona fide gift, weighted average price, Section 16 beneficial ownership, pecuniary interest, +1 more
5 terms
bona fide gift financial
"Reflects the transfer of 908,784 shares of Class A Common Stock as a bona fide gift"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
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.
Section 16 beneficial ownership regulatory
"The Reporting Person disclaims Section 16 beneficial ownership of these securities"
pecuniary interest financial
"except to the extent of his pecuniary interest therein, if any"
grantor-retained annuity trust financial
"a grantor-retained annuity trust for which the Reporting Person is the trustee"
FAQ
What is Michelangelo Volpi’s remaining indirect Aurora Innovation (AUR) holding after these transactions?
After the reported transactions, 943,067 Class A Common Stock shares are held indirectly by The M. Volpi 2025 GRAT 2, a grantor-retained annuity trust for which Volpi is trustee and sole annuitant, according to the disclosure footnotes.
Were the Aurora Innovation (AUR) insider trades made under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirming a trading plan, and the footnotes do not describe any Rule 10b5-1 or similar pre-arranged trading plan in connection with the reported sales or conversions.
How does Michelangelo Volpi treat beneficial ownership of Aurora Innovation (AUR) fund-held shares?
For shares held by Index Ventures Growth III and Yucca, the disclosure states that Michelangelo Volpi disclaims Section 16 beneficial ownership except to the extent of any pecuniary interest, and that this should not be deemed an admission of beneficial ownership.
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