CFO trust trims AeroVironment (NASDAQ: AVAV) stake with 396-share sale

Rhea-AI Filing Summary

AeroVironment Inc’s CFO, Kevin Patrick McDonnell, reported an indirect open-market sale of 396 shares of common stock at a weighted average price of $224.55 per share. The shares are held by the McDonnell Moore Living Trust, which executed the trade under a pre-arranged Rule 10b5-1 trading plan adopted on July 11, 2025.

Following the transaction, the trust’s indirect holdings are 16,026 shares, while McDonnell also holds 4,845 shares directly. The filing notes the sale prices ranged between $221.75 and $227.97, and McDonnell disclaims beneficial ownership of any securities in which he does not have a pecuniary interest.

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

OMB APPROVAL

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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^*

McDonnell Kevin Patrick

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/10/2026

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								4,845	D
Common Stock	03/10/2026		S(1)		396	D	$224.55(2)	16,026	I	See Footnote(3)

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 McDonnell Moore Living Trust, on July 11, 2025.

2. The price reported represents the weighted average price of shares sold. Shares were sold at varying prices in the range of $221.75-$227.97. The Reporting Person hereby undertakes, upon request of the Staff of the U.S. Securities and Exchange Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.

3. Shares are held by the McDonnell Moore Living Trust, of which Mr. McDonnell is one of the trustees. Mr. McDonnell disclaims beneficial ownership of any securities in which he does not have a pecuniary interest.

	Colby Petersen, attorney-in-fact	03/11/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did AeroVironment (AVAV) report for its CFO?

AeroVironment’s CFO is associated with an indirect sale of 396 common shares at a weighted average price of $224.55. The shares are held by the McDonnell Moore Living Trust and sold under a Rule 10b5-1 trading plan, indicating a pre-arranged, systematic transaction.

Who actually sold AeroVironment (AVAV) shares in this Form 4 filing?

The shares were sold by the McDonnell Moore Living Trust, which holds AeroVironment stock associated with CFO Kevin Patrick McDonnell. The filing states McDonnell is one of the trustees and disclaims beneficial ownership of securities in which he does not have a pecuniary interest.

How many AeroVironment (AVAV) shares were sold and at what price range?

The trust sold 396 shares of AeroVironment common stock at a weighted average of $224.55 per share. Individual trades occurred within a price range of $221.75 to $227.97, according to the detailed pricing footnote in the Form 4 filing.

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

Yes. The filing states the transaction was effected under a Rule 10b5-1 trading plan adopted by the McDonnell Moore Living Trust on July 11, 2025. Such plans typically schedule trades in advance, reducing the significance of trade timing as a signal of insider sentiment.

What are the CFO’s AeroVironment (AVAV) holdings after this reported sale?

After the reported transaction, the McDonnell Moore Living Trust holds 16,026 AeroVironment shares indirectly associated with the CFO. Separately, Kevin Patrick McDonnell holds 4,845 shares directly, according to the position information included in the Form 4 filing.

Does the AeroVironment (AVAV) Form 4 indicate any derivative exercises?

No derivative transactions are shown in this Form 4. The summary reflects one non-derivative open-market sale of 396 common shares and a separate direct holding line. The derivative section of the report contains no outstanding options or other derivative positions related to this filing.