Trust plans sale of 748 AVAV common shares

A trust associated with AVAV, the STEPHEN F. PAGE LIVING TRUST U/A DTD 02/18/2009, has notified of an intention to sell 748 common shares through Morgan Stanley Smith Barney LLC, with an aggregate value of 107315.56, on or after 07/15/2026 on NASDAQ.

Rhea-AI Filing Summary

A trust associated with AVAV, the STEPHEN F. PAGE LIVING TRUST U/A DTD 02/18/2009, has notified of an intention to sell 748 common shares through Morgan Stanley Smith Barney LLC, with an aggregate value of 107315.56, on or after 07/15/2026 on NASDAQ.

The shares to be sold were acquired as Restricted Stock Units from the issuer on 07/11/2025. Over the prior three months, the trust completed labeled 10b5-1 Sales of 250 shares for 43602.50 on 06/15/2026 and 250 shares for 40577.50 on 05/15/2026.

Key Figures

Planned shares to be sold: 748 shares Planned aggregate value: 107315.56 Shares sold on 06/15/2026: 250 shares +3 more

6 metrics

Planned shares to be sold 748 shares Common stock through Morgan Stanley Smith Barney LLC; proposed sale date 07/15/2026

Planned aggregate value 107315.56 Aggregate market value of the planned 748-share common stock sale

Shares sold on 06/15/2026 250 shares Common stock sold as 10b5-1 Sales by Stephen F. Page Living Trust

Sale value on 06/15/2026 43602.50 Aggregate value for 250 common shares sold as 10b5-1 Sales

Shares sold on 05/15/2026 250 shares Common stock sold as 10b5-1 Sales by Stephen F. Page Living Trust

Sale value on 05/15/2026 40577.50 Aggregate value for 250 common shares sold as 10b5-1 Sales

Key Terms

Form 144, Restricted Stock Units, 10b5-1 Sales, Executive Financial Services

4 terms

Form 144 financial

"144: Securities Information Common | Morgan Stanley Smith Barney LLC..."

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

Restricted Stock Units financial

"Common | 07/11/2025 | Restricted Stock Units | Issuer |"

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.

10b5-1 Sales financial

"10b5-1 Sales for STEPHEN F. PAGE LIVING TRUST U/A DTD 02/18/2009"

10b5-1 sales are pre-arranged stock-trading plans that let company insiders automatically buy or sell shares according to a fixed schedule or formula, even if they later learn confidential information. Think of it as setting up an automatic thermostat for trades: it creates a clear, documented path that can protect insiders from insider-trading accusations and gives investors a signal about predictable insider activity—though it can also simply be a way for insiders to diversify or raise cash.

Executive Financial Services financial

"Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza..."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What stock sale is planned for AVAV by the Stephen F. Page Living Trust?

The STEPTHEN F. PAGE LIVING TRUST U/A DTD 02/18/2009 plans to sell 748 AVAV common shares through Morgan Stanley Smith Barney LLC, with an aggregate value of 107315.56, on or after 07/15/2026 on NASDAQ.

How were the AVAV shares in the planned Form 144 sale originally acquired?

The 748 AVAV common shares covered by this notice were acquired as Restricted Stock Units from the issuer on 07/11/2025. This indicates the planned sale relates to equity compensation that previously vested to the trust.

What AVAV share sales has the Stephen F. Page Living Trust made in the last 3 months?

In the prior three months, the trust executed two 10b5-1 Sales of AVAV common stock: 250 shares for 43602.50 on 06/15/2026 and 250 shares for 40577.50 on 05/15/2026.

What is the aggregate value of the planned AVAV share sale under this Form 144?

The planned sale covers 748 AVAV common shares with an aggregate market value of 107315.56. This figure is tied to the proposed sale through Morgan Stanley Smith Barney LLC on or after 07/15/2026.

Which broker and market are involved in the planned AVAV Form 144 sale?

The proposed sale of 748 AVAV common shares is arranged through Morgan Stanley Smith Barney LLC Executive Financial Services, with trading expected on the NASDAQ market, as specified in the Form 144 details.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/15/2026 - 04:24 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001184178
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	AEROVIRONMENT, INC.
SEC File Number	001-33261
Address of Issuer	241 18th Street South, Suite 650 Arlington VIRGINIA 22202
Phone	7034182828
Name of Person for Whose Account the Securities are To Be Sold	STEPHEN F. PAGE LIVING TRUST U/A DTD 02/18/2009
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Director

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	748	107315.56	50608030	07/15/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	07/11/2025	Restricted Stock Units	Issuer			748	07/11/2025	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales for STEPHEN F. PAGE LIVING TRUST U/A DTD 02/18/2009 241 18th Street South, Suite 650 Arlington VA 22202	Common	06/15/2026	250	43602.50
10b5-1 Sales for STEPHEN F. PAGE LIVING TRUST U/A DTD 02/18/2009 241 18th Street South, Suite 650 Arlington VA 22202	Common	05/15/2026	250	40577.50

144: Remarks and Signature

Remarks	The securities to be sold were acquired upon the vesting of restricted stock units on 07/11/2025 and 07/11/2026.
Date of Notice	07/15/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	09/30/2025
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Stephen Page
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)