AeroVironment (NASDAQ: AVAV) director trust sells 250 shares in 10b5-1 plan

Rhea-AI Filing Summary

AeroVironment director-related trust reports a small preset share sale. The Stephen F. Page Living Trust, associated with director Stephen F. Page, sold 250 shares of AeroVironment common stock on March 16, 2026 in an open-market transaction at $212.52 per share under a pre-arranged Rule 10b5-1 trading plan.

After this sale, the trust holds 49,751 AeroVironment shares indirectly, while a separate entry shows Mr. Page directly owning 1,705 shares. The transaction reflects a small portion of the total reported holdings and follows a trading plan adopted on September 30, 2025.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

PAGE STEPHEN F

(Last) (First) (Middle)

241 18TH STREET SOUTH

SUITE #650

(Street)

ARLINGTON VA 22202

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
AeroVironment Inc [ AVAV ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/16/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock								1,705	D
Common Stock	03/16/2026		S(1)		250	D	$212.52	49,751	I	See Footnote(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Stephen F. Page Living Trust, on September 30, 2025.

2. Shares are held by the Stephen F. Page Living Trust, of which Mr. Page is the trustee. Mr. Page disclaims beneficial ownership of any securities in which he does not have a pecuniary interest.

	Colby Petersen, attorney-in-fact	03/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider activity did AeroVironment (AVAV) report for Stephen F. Page?

AeroVironment director Stephen F. Page reported a small preset share sale. The Stephen F. Page Living Trust sold 250 shares of AeroVironment common stock in an open-market transaction, documented on Form 4 as an indirect transaction associated with his trust holdings.

How many AeroVironment (AVAV) shares did the Stephen F. Page Living Trust sell and at what price?

The Stephen F. Page Living Trust sold 250 AeroVironment shares. The sale occurred at a price of $212.52 per share in an open-market transaction, representing a relatively small portion of the trust’s reported indirect holdings of AeroVironment common stock.

Was the AeroVironment (AVAV) insider sale made under a Rule 10b5-1 trading plan?

Yes. The Form 4 states the transaction was effected under a Rule 10b5-1 trading plan. This plan was adopted by the Stephen F. Page Living Trust on September 30, 2025, indicating the sale was pre-arranged rather than a discretionary market-timing decision.

How many AeroVironment (AVAV) shares does Stephen F. Page report owning after this Form 4?

Following the reported sale, the Form 4 shows 49,751 shares held indirectly by the Stephen F. Page Living Trust and 1,705 shares held directly by Mr. Page. He also disclaims beneficial ownership of securities in which he has no pecuniary interest, as noted in the filing.

Did this AeroVironment (AVAV) Form 4 include any option exercises or derivative transactions?

No. The filing lists only common stock transactions and holding information. The derivative summary shows no option exercises, warrant activity, or other derivative transactions, indicating the reported activity is limited to common stock ownership and an open-market sale.

Who actually holds the AeroVironment (AVAV) shares involved in this Form 4 transaction?

The shares sold and indirectly owned are held by the Stephen F. Page Living Trust. Mr. Page is the trustee of the trust and the filing notes he disclaims beneficial ownership of any securities in which he does not have a pecuniary interest, clarifying the relationship.