AVAV insider moves 31,206 shares to living trust at $0

Rhea-AI Filing Summary

AeroVironment (AVAV) director reports internal share transfer. On 10/22/2025, Director Stephen F. Page reported a Code J transaction involving 31,206 shares of Common Stock. The filing states the shares were transferred for no consideration from his direct holdings to the Stephen F. Page Living Trust, and the trust received 31,206 shares in the corresponding entry.

Following the transactions, beneficial ownership stands at 1,705 shares held directly and 52,001 shares held indirectly through the living trust. The filing notes Mr. Page is trustee of the trust and disclaims beneficial ownership of any securities in which he does not have a pecuniary interest. No open‑market purchase or sale is indicated.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider PAGE STEPHEN F

Role Director

Type	Security	Shares	Price	Value
Other	Common Stock	31,206	$0.00	--
Other	Common Stock	31,206	$0.00	--

Holdings After Transaction: Common Stock — 1,705 shares (Direct); Common Stock — 52,001 shares (Indirect, See Footnote)

Footnotes (1)

1. The transaction is a transfer of direct ownership of 31,206 shares of Common Stock, for no consideration, to the Stephen F. Page Living Trust. The transaction is the receipt of 31,206 shares of Common Stock, for no consideration, in the transfer referenced in Footnote 1. 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.

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Form 4 Insider Transactions: What Each Field Means →

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^*

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)
10/21/2025

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	10/22/2025		J(1)		31,206	D	$0	1,705	D
Common Stock	10/22/2025		J(2)		31,206	A	$0	52,001	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 is a transfer of direct ownership of 31,206 shares of Common Stock, for no consideration, to the Stephen F. Page Living Trust.

2. The transaction is the receipt of 31,206 shares of Common Stock, for no consideration, in the transfer referenced in Footnote 1.

3. 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	10/23/2025
	** 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 did AVAV disclose in this Form 4?

A director reported a Code J transaction transferring 31,206 shares for $0 from direct ownership to a living trust on 10/22/2025.

How many shares did the trust receive in the AVAV transaction?

The Stephen F. Page Living Trust received 31,206 shares of Common Stock for no consideration.

What are the director’s AVAV holdings after the transfer?

Post‑transaction, holdings are 1,705 shares direct and 52,001 shares indirect through the living trust.

What does Form 4 transaction code J mean here?

Code J indicates “other” acquisition/disposition; the footnotes describe a no‑consideration transfer to a trust and the trust’s matching receipt.

Was there any market trade or price in the AVAV filing?

No market trade is indicated; both entries list a $0 price, reflecting an internal transfer.

Who controls the trust that holds AVAV shares?

The shares are held by the Stephen F. Page Living Trust, for which Mr. Page is trustee.