AeroVironment director receives new restricted stock grants

Davidson Phillip S reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Davidson Phillip S reported acquisition or exercise transactions in this Form 4 filing.

AeroVironment Inc director Phillip S. Davidson reported receiving equity compensation in the form of restricted common stock. He was granted 130 restricted shares and a separate special grant of 1,047 restricted shares as compensation for director services.

Both grants vest in full on July 11, 2027, provided he continues serving the company through that date, with a prorated portion vesting earlier if his service ends before then. Following these awards, one reported line shows direct ownership of 4,358 common shares and another shows 4,228 common shares.

Insider Trade Summary

Grant/Award: 1,177 shares

Grant/Award 2 txns

Insider Davidson Phillip S

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,047	$0.00	$0.00
Grant/Award	Common Stock	130	$0.00	$0.00

Holdings After Transaction: Common Stock — 4,358 shares (Direct)

Footnotes (2)

1. F1. Represents a grant of restricted shares of Common Stock that will vest in full on July 11, 2027, subject to the Reporting Person's continued service to the Issuer through such date. If the Reporting Person's service terminates prior to the vesting date, a prorated portion of the grant will vest immediately upon such termination.
2. F2. Represents a special grant of restricted shares of Common Stock awarded as compensation for additional director services performed during the prior fiscal year. The shares vest in full on July 11, 2027, subject to continued service; provided that upon the Reporting Person's termination of services, a prorated portion of the grant will vest immediately upon termination of services.

Key Figures

Restricted stock grant: 130 shares Special restricted stock grant: 1,047 shares Shares held after first grant: 4,358 shares +2 more

5 metrics

Restricted stock grant 130 shares Restricted common stock award to director on July 2, 2026

Special restricted stock grant 1,047 shares Special grant for additional director services on July 2, 2026

Shares held after first grant 4,358 shares Direct common stock ownership following one reported transaction

Shares held after second grant 4,228 shares Direct common stock ownership following another reported transaction

Vesting date July 11, 2027 Full vesting date for both restricted stock grants

Key Terms

restricted shares, continued service, prorated portion, special grant, +1 more

5 terms

restricted shares financial

"Represents a grant of restricted shares of Common Stock that will vest in full on July 11, 2027"

Restricted shares are company stock that cannot be sold or transferred immediately because they are subject to legal or contractual limits, such as a required holding period or performance conditions. They matter to investors because these locked-up shares can affect a company’s available stock for trading, future dilution, and insider incentives—imagine a gift that can’t be cashed until certain conditions are met, which changes when and how much supply can suddenly enter the market.

continued service financial

"will vest in full on July 11, 2027, subject to the Reporting Person's continued service to the Issuer"

prorated portion financial

"If the Reporting Person's service terminates prior to the vesting date, a prorated portion of the grant will vest immediately"

special grant financial

"Represents a special grant of restricted shares of Common Stock awarded as compensation for additional director services"

compensation for additional director services financial

"awarded as compensation for additional director services performed during the prior fiscal year"

FAQ

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

What insider transaction did Phillip S. Davidson report at AeroVironment (AVAV)?

Phillip S. Davidson reported receiving two grants of restricted AeroVironment common stock as director compensation. One grant covered 130 shares and a second special grant covered 1,047 shares, all awarded at no cash cost to him as equity-based compensation.

When do Phillip S. Davidson’s new AeroVironment (AVAV) restricted shares vest?

Both restricted stock grants to Phillip S. Davidson vest in full on July 11, 2027, if he continues serving the company. The filing notes a prorated portion of each grant will vest immediately if his service terminates before that vesting date.

What is the purpose of the special restricted stock grant to Phillip S. Davidson at AVAV?

The special restricted stock grant of 1,047 shares compensates Phillip S. Davidson for additional director services performed during the prior fiscal year. These shares are also subject to vesting conditions tied to his continued service with AeroVironment through July 11, 2027.

How many AeroVironment (AVAV) shares does Phillip S. Davidson hold after these grants?

After the reported restricted stock grants, one transaction line shows Phillip S. Davidson directly holding 4,358 AeroVironment common shares, while another shows 4,228 shares. These figures come from separate post-transaction ownership entries in the Form 4 table.

Are Phillip S. Davidson’s new AVAV restricted shares dependent on continued service?

Yes. Both restricted stock grants to Phillip S. Davidson vest only if he continues serving AeroVironment through July 11, 2027. If his service ends earlier, a prorated portion of each grant vests immediately upon his termination of services.

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

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Accepted by SEC EDGAR 07/06/2026 - 05:40 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^*

Davidson Phillip S

(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)
07/02/2026

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	07/02/2026		A		1,047(1)	A	$0	4,228	D
Common Stock	07/02/2026		A		130(2)	A	$0	4,358	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

Explanation of Responses:

1. Represents a grant of restricted shares of Common Stock that will vest in full on July 11, 2027, subject to the Reporting Person's continued service to the Issuer through such date. If the Reporting Person's service terminates prior to the vesting date, a prorated portion of the grant will vest immediately upon such termination.

2. Represents a special grant of restricted shares of Common Stock awarded as compensation for additional director services performed during the prior fiscal year. The shares vest in full on July 11, 2027, subject to continued service; provided that upon the Reporting Person's termination of services, a prorated portion of the grant will vest immediately upon termination of services.

	Colby Petersen, attorney-in-fact	07/06/2026
	** 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)