AeroVironment director shifts 996 shares to trust

AeroVironment Inc director Edward R. Muller reallocated ownership of 996 shares of Common Stock on July 13, 2026, transferring them for no consideration from his direct holdings to the Edward R. Muller and Patricia E. Bauer 1991 Family Trust.

Rhea-AI Filing Summary

AeroVironment Inc director Edward R. Muller reallocated ownership of 996 shares of Common Stock on July 13, 2026, transferring them for no consideration from his direct holdings to the Edward R. Muller and Patricia E. Bauer 1991 Family Trust. After these internal transfers, he directly owns 2,148 shares, the family trust holds 49,691 shares indirectly attributed to him, and his IRA holds 810 shares over which he has sole power of disposition. Mr. Muller disclaims beneficial ownership of any securities in which he does not have a pecuniary interest.

Insider Trade Summary

Other: 1,992 shares

Other 3 txns

Insider MULLER EDWARD R

Role Director

Type	Security	Shares	Price	Value
Other	Common Stock F1	996	$0.00	$0.00
Other	Common Stock F2, F3	996	$0.00	$0.00
holding	Common Stock F4	--	--	--

Holdings After Transaction: Common Stock — 2,148 shares (Direct); Common Stock — 50,501 shares (Indirect, See Footnote)

Footnotes (4)

1. F1. The transaction is a transfer of direct ownership of 996 shares of Common Stock, for no consideration, to the Edward R. Muller and Patricia E. Bauer 1991 Family Trust.
2. F2. The transaction is the receipt of 996 shares of Common Stock, for no consideration, in the transfer referenced in Footnote 1.
3. F3. Shares are held by the Edward R. Muller and Patricia E. Bauer 1991 Family Trust, of which Mr. Muller is one of the trustees. Mr. Muller disclaims beneficial ownership of any securities in which he does not have a pecuniary interest.
4. F4. Shares are held by the Edward R. Muller IRA of which Mr. Muller has sole power of disposition.

Key Figures

Shares transferred: 996 shares Direct holdings after transaction: 2148 shares Family trust holdings: 49691 shares +1 more

4 metrics

Shares transferred 996 shares Internal transfer on July 13, 2026, from direct ownership to family trust

Direct holdings after transaction 2148 shares Common Stock directly owned by Edward R. Muller following the transfer

Family trust holdings 49691 shares Common Stock held by the Edward R. Muller and Patricia E. Bauer 1991 Family Trust

IRA holdings 810 shares Common Stock held by the Edward R. Muller IRA with sole power of disposition

Key Terms

beneficial ownership, pecuniary interest, 1991 Family Trust, sole power of disposition

4 terms

beneficial ownership regulatory

"Mr. Muller disclaims beneficial ownership of any securities in which he does not have a pecuniary interest."

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

pecuniary interest regulatory

"Mr. Muller disclaims beneficial ownership of any securities in which he does not have a pecuniary interest."

1991 Family Trust financial

"transfer of direct ownership of 996 shares of Common Stock, for no consideration, to the Edward R. Muller and Patricia E. Bauer 1991 Family Trust."

sole power of disposition financial

"Shares are held by the Edward R. Muller IRA of which Mr. Muller has sole power of disposition."

FAQ

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

What insider transaction did AeroVironment (AVAV) director Edward R. Muller report?

Edward R. Muller reported an internal reallocation of 996 shares of AeroVironment Common Stock on July 13, 2026. The shares were transferred for no consideration from his direct ownership to the Edward R. Muller and Patricia E. Bauer 1991 Family Trust.

How many AeroVironment (AVAV) shares does Edward R. Muller own directly after the transaction?

After the reported restructuring, Edward R. Muller directly owns 2,148 shares of AeroVironment Common Stock. This figure reflects his direct holdings following the transfer of 996 shares to the family trust on July 13, 2026.

How many AeroVironment (AVAV) shares are held in the Muller family trust?

The Edward R. Muller and Patricia E. Bauer 1991 Family Trust holds 49,691 shares of AeroVironment Common Stock. These shares are indirectly attributed to Mr. Muller, who is a trustee, and he disclaims beneficial ownership where he lacks a pecuniary interest.

What AeroVironment (AVAV) holdings does Edward R. Muller have through his IRA?

An IRA associated with Edward R. Muller holds 810 shares of AeroVironment Common Stock. According to the disclosure, Mr. Muller has sole power of disposition over the shares held in the Edward R. Muller IRA.

Did AeroVironment (AVAV) director Edward R. Muller receive payment for the 996 transferred shares?

No payment was received for the transfer of 996 shares. The filing specifies that the shares were moved from direct ownership to the family trust for no consideration, indicating an internal reallocation rather than an open-market transaction.

What does Edward R. Muller's beneficial ownership disclaimer mean for his AeroVironment (AVAV) holdings?

The filing states that Mr. Muller disclaims beneficial ownership of any securities in which he does not have a pecuniary interest. This limits the extent to which certain indirectly held shares, such as those in the family trust, are treated as his economic ownership.

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

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Accepted by SEC EDGAR 07/14/2026 - 01:29 PM Learn about SEC filing dates

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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

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^*

MULLER EDWARD R

(Last) (First) (Middle)

241 18TH STREET SOUTH

SUITE #650

(Street)

ARLINGTON VIRGINIA 22202

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/13/2026

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

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

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

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	07/13/2026		J(1)		996	D	$0	2,148	D
Common Stock	07/13/2026		J(2)		996	A	$0	49,691	I	See Footnote(3)
Common Stock								810	I	See Footnote(4)

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 is a transfer of direct ownership of 996 shares of Common Stock, for no consideration, to the Edward R. Muller and Patricia E. Bauer 1991 Family Trust.

2. The transaction is the receipt of 996 shares of Common Stock, for no consideration, in the transfer referenced in Footnote 1.

3. Shares are held by the Edward R. Muller and Patricia E. Bauer 1991 Family Trust, of which Mr. Muller is one of the trustees. Mr. Muller disclaims beneficial ownership of any securities in which he does not have a pecuniary interest.

4. Shares are held by the Edward R. Muller IRA of which Mr. Muller has sole power of disposition.

	Colby Petersen, attorney-in-fact	07/14/2026
	** 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.
* Form 4: SEC 1474 (03-26)