AeroVironment executive PRSU vesting and tax settlement

AeroVironment Inc President, Autonomous Systems Trace E. Stevenson reported equity compensation activity involving Performance Restricted Stock Units (PRSUs).

Rhea-AI Filing Summary

AeroVironment Inc President, Autonomous Systems Trace E. Stevenson reported equity compensation activity involving Performance Restricted Stock Units (PRSUs). On 2026-06-29, PRSUs converted into 4,765 shares of common stock at a conversion price of $0.00 per share, as described in the footnotes.

To cover tax withholding tied to this vesting, 1,710 shares of common stock were disposed of through a net share settlement at $139.00 per share, which is characterized as a tax-withholding disposition rather than an open-market sale. Following these transactions, Stevenson directly holds 7,962 shares of AeroVironment common stock.

Insider Trade Summary

1,906 shares exercised/converted

Exercise 3 txns

Insider Stevenson Trace E

Role President, Autonomous Systems

Type	Security	Shares	Price	Value
Exercise	Performance Restricted Stock Awards	1,906	$0.00	$0.00
Exercise	Common Stock	4,765	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	1,710	$139.00	$238K

Holdings After Transaction: Performance Restricted Stock Awards — 0 contracts (Direct); Common Stock — 7,962 shares (Direct)

Footnotes (4)

1. F1. Each Performance Restricted Stock Unit (PRSU) represents the contingent right to receive, following vesting, shares of the issuer's common stock. The resulting number of shares of the issuer's common stock acquired upon vesting of the PRSUs is contingent upon the achievement of pre-established performance metrics, as approved by the Company's Compensation Committee, over a three-year performance period beginning on May 1, 2023 and ending on April 30, 2026. The target number of units subject to the award is presented in the table. The number of units that vest may be 0% to 250% of the target number of units, depending on performance.
2. F2. Disposition made pursuant to a net settlement whereby shares of stock were tendered to satisfy tax withholding obligations arising in the conjunction with the vesting of previously issued Performance Restricted Stock Units.
3. F3. Unless earlier forfeited under the terms of the PRSU, each PRSU vests and converts into shares of the issuer's common stock upon certification by the Company's Compensation Committee of the achievement of the performance metrics of the PRSUs (the "Certification Date").
4. F4. Upon conversion of the PRSUs, the Reporting Person received 4,765 shares of common stock.

Key Figures

Tax-withheld shares: 1,710 shares at $139.00 Shares from PRSU conversion: 4,765 shares Post-transaction holdings: 7,962 shares +1 more

4 metrics

Tax-withheld shares 1,710 shares at $139.00 Shares disposed to satisfy tax withholding obligations

Shares from PRSU conversion 4,765 shares Common stock received upon PRSU conversion at $0.00

Post-transaction holdings 7,962 shares Common stock directly owned after tax-withholding disposition

PRSUs exercised 1,906 units Performance Restricted Stock Awards converted on June 29, 2026

Key Terms

Performance Restricted Stock Unit (PRSU), pre-established performance metrics, net settlement, tax withholding obligations, +1 more

5 terms

Performance Restricted Stock Unit (PRSU) financial

"Each Performance Restricted Stock Unit (PRSU) represents the contingent right to receive, following vesting, shares of the issuer's common stock."

pre-established performance metrics financial

"The resulting number of shares ... is contingent upon the achievement of pre-established performance metrics, as approved by the Company's Compensation Committee."

net settlement financial

"Disposition made pursuant to a net settlement whereby shares of stock were tendered to satisfy tax withholding obligations."

tax withholding obligations financial

"shares of stock were tendered to satisfy tax withholding obligations arising in the conjunction with the vesting of previously issued Performance Restricted Stock Units."

Certification Date financial

"each PRSU vests and converts into shares ... upon certification by the Company's Compensation Committee of the achievement of the performance metrics of the PRSUs (the "Certification Date")."

FAQ

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

What insider transaction did AeroVironment (AVAV) report for Trace E. Stevenson?

AeroVironment reported that executive Trace E. Stevenson had Performance Restricted Stock Units vest into 4,765 common shares, with 1,710 shares withheld to satisfy tax obligations. These actions reflect equity compensation vesting rather than an open-market stock purchase or sale.

How many AeroVironment (AVAV) shares were withheld for taxes in this Form 4?

The filing shows 1,710 AeroVironment common shares were disposed of at $139.00 per share to cover tax withholding. This net settlement occurred in conjunction with the vesting of previously issued Performance Restricted Stock Units, according to the footnote description.

How many AeroVironment (AVAV) shares did the executive receive from PRSU vesting?

Upon conversion of Performance Restricted Stock Units, Trace E. Stevenson received 4,765 shares of AeroVironment common stock at a conversion price of $0.00. This reflects equity awards vesting based on pre-established performance metrics over a defined three-year performance period.

What is Trace E. Stevenson’s AeroVironment (AVAV) share ownership after these transactions?

After the reported transactions, Trace E. Stevenson directly holds 7,962 shares of AeroVironment common stock. This figure is disclosed in the Form 4 table as the total number of shares owned following the tax-withholding disposition on June 29, 2026.

Are the AeroVironment (AVAV) Form 4 transactions open-market trades?

The transactions are not open-market trades. They involve the vesting and conversion of Performance Restricted Stock Units and a related net share settlement to satisfy tax withholding, characterized as a tax-withholding disposition rather than a voluntary market purchase or sale.

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

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Accepted by SEC EDGAR 06/30/2026 - 01:39 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
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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^*

Stevenson Trace E

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President, Autonomous Systems

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/29/2026

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	06/29/2026		M		4,765	A	$0(1)	9,672	D
Common Stock	06/29/2026		F		1,710(2)	D	$139	7,962	D

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
Performance Restricted Stock Awards	$0	06/29/2026		M		1,906(1)		06/29/2026(3)	06/29/2026(3)	Common Stock	1,906(4)	$0	0	D

Explanation of Responses:

1. Each Performance Restricted Stock Unit (PRSU) represents the contingent right to receive, following vesting, shares of the issuer's common stock. The resulting number of shares of the issuer's common stock acquired upon vesting of the PRSUs is contingent upon the achievement of pre-established performance metrics, as approved by the Company's Compensation Committee, over a three-year performance period beginning on May 1, 2023 and ending on April 30, 2026. The target number of units subject to the award is presented in the table. The number of units that vest may be 0% to 250% of the target number of units, depending on performance.

2. Disposition made pursuant to a net settlement whereby shares of stock were tendered to satisfy tax withholding obligations arising in the conjunction with the vesting of previously issued Performance Restricted Stock Units.

3. Unless earlier forfeited under the terms of the PRSU, each PRSU vests and converts into shares of the issuer's common stock upon certification by the Company's Compensation Committee of the achievement of the performance metrics of the PRSUs (the "Certification Date").

4. Upon conversion of the PRSUs, the Reporting Person received 4,765 shares of common stock.

	Colby Petersen, attorney-in-fact	06/30/2026
	** 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).
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* Form 4: SEC 1474 (03-26)