AeroVironment (AVAV) director-linked trust sells 250 shares at $174.41

Rhea-AI Filing Summary

AeroVironment Inc director Stephen F. Page reported an insider transaction involving shares held through the Stephen F. Page Living Trust. On June 15, 2026, the trust sold 250 shares of Common Stock at $174.41 per share in an open-market transaction.

The sale was made under a pre-arranged Rule 10b5-1 trading plan adopted by the trust on September 30, 2025. Following the sale, the trust held 49,001 AeroVironment shares indirectly, and a separate holding line shows 1,705 shares held directly by Mr. Page.

Insider Trade Summary 10b5-1

Net Seller: 250 shares ($43,603)

Net Sell 2 txns

Insider PAGE STEPHEN F

Role null

Sold 250 shs ($44K)

Type	Security	Shares	Price	Value
Sale	Common Stock	250	$174.41	$44K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 49,001 shares (Indirect, See Footnote); Common Stock — 1,705 shares (Direct, null)

Footnotes (1)

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. 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.

Key Figures

Shares sold: 250 shares Sale price: $174.41 per share Indirect holdings after sale: 49,001 shares +3 more

6 metrics

Shares sold 250 shares Open-market sale on June 15, 2026

Sale price $174.41 per share AeroVironment Common Stock transaction

Indirect holdings after sale 49,001 shares Held by Stephen F. Page Living Trust

Direct holdings reported 1,705 shares Common Stock held directly by Stephen F. Page

Trading plan adoption date September 30, 2025 Rule 10b5-1 plan for the trust

Transaction type Open-market sale Non-derivative Common Stock, code S

Key Terms

Rule 10b5-1 trading plan, Stephen F. Page Living Trust, beneficial ownership, open-market sale

4 terms

Rule 10b5-1 trading plan regulatory

"The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

Stephen F. Page Living Trust financial

"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"

beneficial ownership regulatory

"Mr. Page 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.

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

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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).

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 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)
06/15/2026

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								1,705	D
Common Stock	06/15/2026		S(1)		250	D	$174.41	49,001	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	06/16/2026
	** 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)

FAQ

What insider transaction did AeroVironment (AVAV) disclose for Stephen F. Page?

AeroVironment disclosed that the Stephen F. Page Living Trust sold 250 shares of AeroVironment Common Stock. The sale occurred on June 15, 2026 at $174.41 per share and is reported as an indirect transaction associated with director Stephen F. Page.

At what price were AeroVironment (AVAV) shares sold in the reported Form 4?

The Stephen F. Page Living Trust sold AeroVironment Common Stock at $174.41 per share. This open-market transaction on June 15, 2026 involved 250 shares and was executed under a pre-arranged Rule 10b5-1 trading plan adopted in September 2025.

How many AeroVironment (AVAV) shares does the Stephen F. Page Living Trust hold after the sale?

After the reported sale, the Stephen F. Page Living Trust holds 49,001 AeroVironment Common Stock shares indirectly. The Form 4 also lists a separate direct holding of 1,705 shares by Stephen F. Page, providing context for his overall reported ownership.

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

Yes. The Form 4 states the transaction was effected under a Rule 10b5-1 trading plan. The plan was adopted by the Stephen F. Page Living Trust on September 30, 2025, indicating the June 15, 2026 sale was pre-arranged rather than opportunistic.

Who actually holds the AeroVironment (AVAV) shares involved in Stephen F. Page’s Form 4?

The shares involved are held by the Stephen F. Page Living Trust, for which Mr. Page serves as trustee. The filing notes that Mr. Page disclaims beneficial ownership of any securities in which he does not have a pecuniary interest, clarifying his economic exposure.