[Form 4] AeroVironment, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Form 4 highlights: AeroVironment, Inc. (AVAV) Chief Financial Officer Kevin Patrick McDonnell reported an internal re-registration of 18,472 AVAV common shares on 07/10/2025, coded “J” (other, no consideration).

• Disposition: 18,472 shares moved out of Mr. McDonnell’s direct account (price $0), reducing his direct holdings to 8,607 shares.
• Acquisition: The same 18,472 shares were received by the McDonnell Moore Living Trust, reported as indirect ownership. Footnote 3 states Mr. McDonnell disclaims beneficial ownership of any shares in which he lacks a pecuniary interest.

No derivative securities were reported, and no cash sale or purchase occurred. The filing reflects an estate-planning transfer rather than a market transaction; therefore, it has minimal immediate impact on AeroVironment’s share float or insider sentiment.

Insights

Financial Analyst

TL;DR Internal share transfer to a trust; no economic transaction, neutral impact on insider sentiment.

The Code J transfer merely relocates ownership. Mr. McDonnell’s directly held shares drop from 27,079 to 8,607, but the overall insider position is unchanged because the 18,472 shares remain under a related trust. Since no consideration was exchanged, the move does not signal bullish or bearish intent and should not affect valuation models or liquidity assessments.

Corporate Governance Expert

TL;DR Estate-planning re-registration; governance risk unchanged.

This filing shows proper Section 16 compliance. The CFO continues to report indirect ownership via the living trust, maintaining transparency. Because he disclaims beneficial ownership where no pecuniary interest exists, there is no governance red flag or control concentration concern.

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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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^*

McDonnell Kevin Patrick

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CFO

3. Date of Earliest Transaction (Month/Day/Year)
07/10/2025

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	07/10/2025		J(1)		18,472	D	$0	8,607	D
Common Stock	07/10/2025		J(2)		18,472	A	$0	18,472	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 18,472 shares of Common Stock, for no consideration, to the McDonnell Moore Living Trust.

2. The transaction is the receipt of 18,472 shares of Common Stock, for no consideration, in the transfer referenced in Footnote 1.

3. Shares are held by the McDonnell Moore Living Trust, of which Mr. McDonnell is one of the trustees. Mr. McDonnell disclaims beneficial ownership of any securities in which he does not have a pecuniary interest.

	Colby Petersen, attorney-in-fact	07/14/2025
	** 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.
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FAQ

How many AeroVironment (AVAV) shares did CFO Kevin McDonnell transfer?

He transferred 18,472 common shares on 07/10/2025.

Did the CFO sell AeroVironment stock for cash?

No. The transaction code "J" indicates no consideration; it was an internal transfer.

What are Kevin McDonnell’s direct holdings after the transaction?

His direct ownership fell to 8,607 AVAV shares.

Who now holds the transferred shares of AVAV?

The McDonnell Moore Living Trust holds the 18,472 shares as indirect ownership.

Does this Form 4 filing indicate a change in AeroVironment’s insider sentiment?

Because it is a non-cash, estate-planning move, the filing is generally viewed as neutral for insider sentiment.