Aurora (NASDAQ: AUR) director offloads 2.8M-share stake
Rhea-AI Filing Summary
Aurora Innovation, Inc. (AUR) reported that entities associated with director Michelangelo Volpi converted and sold shares on 2026-08-17. Index Ventures Growth III (Jersey) L.P. and Yucca (Jersey) SLP converted an aggregate 2,842,682 shares of Class B Common Stock into Class A Common Stock and sold the resulting Class A shares at a weighted average price of $7.0038 per share in transactions at prices ranging from $7.00 to $7.11. Following these transactions, Index Ventures Growth III (Jersey) L.P. held 31,540,600 shares of Class B Common Stock, Yucca (Jersey) SLP held 480,295 shares of Class B Common Stock, and The M. Volpi 2025 GRAT 2 held 943,067 shares of Class A Common Stock, all reported as indirect holdings. The reporting person disclaims Section 16 beneficial ownership of the Index Ventures and Yucca positions except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
7 txns
Insider
Volpi Michelangelo
Role
Director
Sold
2,842,682 shs ($19.91M)
Approx. gross sale proceeds
$19.91M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock F1, F2 | 2,800,043 | $0.00 | $0.00 |
| Conversion | Class B Common Stock F1, F4 | 42,639 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1, F2 | 2,800,043 | -- | -- |
| Sale | Class A Common Stock F3, F2 | 2,800,043 | $7.0038 | $19.61M |
| Conversion | Class A Common Stock F1, F4 | 42,639 | -- | -- |
| Sale | Class A Common Stock F3, F4 | 42,639 | $7.0038 | $299K |
| holding | Class A Common Stock F5 | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 31,540,600 shares (Indirect, By: Index Ventures Growth III (Jersey) L.P.);
Class B Common Stock — 480,295 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 (5)
- 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 $7.11. 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. 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
Total shares sold: 2,842,682 shares
Weighted average sale price: $7.0038 per share
Index Ventures Growth III remaining Class B holdings: 31,540,600 shares
+4 more
7 metrics
Total shares sold
2,842,682 shares
Aggregate Class A Common Stock sold by entities associated with the reporting person on 2026-08-17
Weighted average sale price
$7.0038 per share
Weighted average price for Class A share sales, with trades from $7.00 to $7.11
Index Ventures Growth III remaining Class B holdings
31,540,600 shares
Indirectly held Class B Common Stock after the reported conversions and sales
Yucca remaining Class B holdings
480,295 shares
Indirectly held Class B Common Stock by Yucca (Jersey) SLP after the transactions
GRAT Class A holdings
943,067 shares
Class A Common Stock held indirectly by The M. Volpi 2025 GRAT 2
Class B converted and disposed (Index Ventures Growth III)
2,800,043 shares
Class B shares converted to Class A and disposed of by Index Ventures Growth III (Jersey) L.P.
Class B converted and disposed (Yucca)
42,639 shares
Class B shares converted to Class A and disposed of by Yucca (Jersey) SLP
Key Terms
Class B Common Stock, Section 16 beneficial ownership, pecuniary interest, weighted average price, +1 more
5 terms
Class B Common Stock financial
"The shares of Class B Common Stock are convertible at any time at the option"
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.
Section 16 beneficial ownership regulatory
"The Reporting Person disclaims Section 16 beneficial ownership of these securities, except"
pecuniary interest financial
"except to the extent of his pecuniary interest therein, if any, and this"
weighted average price financial
"The price reported in column 4 is a weighted average price. These shares"
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.
grantor-retained annuity trust financial
"Shares held by The M. Volpi 2025 GRAT 2 (the "2025 GRAT"), a grantor-retained annuity trust"
FAQ
What did Aurora Innovation (AUR) disclose about Michelangelo Volpi’s recent insider transactions?
Aurora Innovation disclosed that entities associated with director Michelangelo Volpi converted and sold 2,842,682 shares of Class A Common Stock on 2026-08-17, following one-for-one conversions of Class B shares, with all positions reported as indirect holdings through various entities and trusts.
What is Yucca (Jersey) SLP’s remaining position in Aurora Innovation (AUR) after the sales?
Yucca (Jersey) SLP held 480,295 shares of Aurora Innovation Class B Common Stock after converting and selling 42,639 Class A shares on 2026-08-17, with the filing noting that Yucca administers co-investment vehicles mirroring the relevant Index Ventures fund’s investment.
Did Michelangelo Volpi’s Aurora Innovation (AUR) transactions occur under a Rule 10b5-1 trading plan?
The Rule 10b5-1 checkbox in the filing is not marked as affirmative, and the footnotes do not state that these transactions were made pursuant to a Rule 10b5-1 trading plan, indicating they are not represented as pre-arranged under such a plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
