Aurora Innovation, Inc. (AUROW) SEC Filings

The filing reports a proposed sale of 1,826,508 shares of Class A common stock through Merrill Lynch, with an indicated value of $12,383,724.24, to be sold on or after August 7, 2026 on NASDAQ. The securities were originally acquired in a private placement on November 22, 2021, including 315,415 shares purchased for cash and 1,511,093 shares received upon conversion from Class B shares. Over the past three months, entities including Index Ventures Growth III (Jersey), L.P. and Yucca (Jersey) SLP sold additional Class A shares.

Index Ventures Growth III (Jersey) L.P. and Yucca (Jersey) SLP, entities associated with Aurora Innovation director Michelangelo Volpi, sold a total of 179,782 Class A shares on August 5, 2026 at a weighted average price of $7.0746 (range $7.00–$7.24). After these sales, Index Ventures Growth III held 315,415 shares and Yucca held 4,803 shares, reported as indirect holdings for Volpi, who disclaims Section 16 beneficial ownership except for any pecuniary interest.

Separately, trust transfers moved 1,851,851 shares from the Volpi‑Cupal Family Trust to The M. Volpi 2025 grantor‑retained annuity trust and then 908,784 shares from that trust to Volpi, leaving 943,067 shares in the trust; these transfers involved no purchase or sale.

Investment funds associated with Index Ventures updated their ownership in Aurora Innovation, Inc. Class A common stock. Index Ventures Growth III (Jersey), L.P. holds 37,658,409 shares of common stock, Yucca (Jersey) SLP holds 573,457 shares, and Index Venture Growth Associates III Limited may be deemed to beneficially own 38,231,866 shares in total. Based on 1,708,146,085 Class A shares outstanding as of July 22, 2026, this represents approximately 2.2% of Aurora’s outstanding common stock on an as-converted basis.

The position includes both Class A and high-vote Class B shares, which carry ten votes per share and are convertible one-for-one into Class A. On August 5, 2026, Index Growth III sold 177,085 Class A shares and Yucca sold 2,697 Class A shares in open market transactions at an average price of $7.0746 per share. Following these trades, the reporting persons state they beneficially owned less than five percent of Aurora’s Class A common stock.

Aurora Innovation, Inc. reported Q2 2026 results showing very early revenue but large ongoing losses as it develops its autonomous driving platform. Revenue was $2 million for the quarter and $3 million year‑to‑date, while net loss was $270 million for Q2 and $493 million for the first half.

Spending remains heavily focused on growth. Q2 research and development expense was $211 million and selling, general and administrative expense was $50 million, including $60 million of stock‑based compensation. Operating cash outflow was $384 million in the first six months.

Liquidity is sizable but being drawn down. As of June 30 2026, Aurora held $136 million of cash and cash equivalents and $1,081 million of short‑term investments, with total assets of $2,167 million and equity of $1,953 million. The company raised $215 million of net proceeds in Q2 via its at‑the‑market equity program and believes existing cash and investments will cover at least the next twelve months of operations.

Aurora Innovation reported second-quarter 2026 results and detailed rapid progress in autonomous trucking. Revenue was $2 million, while net loss was $270 million and Adjusted EBITDA was a loss of $200 million. Operating expenses remained heavy, with research and development at $211 million and selling, general and administrative expense at $50 million.

The company used approximately $225 million in operating cash in the quarter and $31 million in capital expenditures, but strengthened liquidity via its at-the-market equity program, issuing 30 million Class A shares for $215 million of net proceeds. After funding $63 million of cash bonuses and tax obligations, liquidity rose by $126 million, ending with nearly $1.2 billion in cash and short-term investments. Management continues to expect 2026 revenue of $14–$16 million, up 400% year-over-year at the midpoint, with more than 200 driverless trucks in operation by year-end and an approximately $80 million Transportation as a Service revenue run-rate.

Operationally, Aurora launched a new fleet of driverless trucks based on the International LT series without a person behind the wheel, marking the start of its commercial scaling phase. The Aurora Driver completed nearly 440,000 driverless miles through June 30, 2026 with 100% on-time performance and zero Aurora Driver-attributed collisions, contributing to over 6 million cumulative commercial miles. The company highlighted expanding customer agreements, deeper collaborations with Volvo Autonomous Solutions and PACCAR, a second-generation hardware kit targeting over 50% hardware cost reduction, and supportive U.S. regulatory momentum.

Aurora Innovation director Brittany Bagley received 3,241 shares of Class A common stock as compensation. These shares were granted at no cash cost to her, reflecting her prior election to convert her outside director cash retainer into fully vested restricted stock units. After this award, she directly holds 447,973 Class A shares.

Aurora Innovation director David M. Wehner reported an open-market purchase of Class A Common Stock. On June 11, 2026, he bought 82,500 shares at a weighted average price of $6.04 per share, with individual trades executed between $6.03 and $6.05.

Following this transaction, he holds 246,519 shares directly. A separate entry shows 320,901 shares held indirectly through The Havenwood Trust, where he is trustee, settlor and beneficiary, and may be deemed a beneficial owner of those securities.