AeroVironment director sells $48K in stock

AeroVironment Inc (AVAV) director Stephen F. Page reported an indirect open-market sale of 250 shares of common stock on 2026-08-17 at $191.98 per share, effected pursuant to a Rule 10b5-1 trading plan adopted by the Stephen F. Page Living Trust on 2025-09-30.

Rhea-AI Filing Summary

AeroVironment Inc (AVAV) director Stephen F. Page reported an indirect open-market sale of 250 shares of common stock on 2026-08-17 at $191.98 per share, effected pursuant to a Rule 10b5-1 trading plan adopted by the Stephen F. Page Living Trust on 2025-09-30. After this transaction, the trust held 48,503 indirect shares, and Mr. Page also reported 2,882 shares held directly. Mr. Page disclaims beneficial ownership of any securities in which he does not have a pecuniary interest.

Insider Trade Summary 10b5-1

Net Seller: 250 shares

Net Sell 2 txns

Insider PAGE STEPHEN F

Role Director

Sold 250 shs ($48K)

Type	Security	Shares	Price	Value
Sale	Common Stock F1, F2	250	$191.98	$48K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 48,503 shares (Indirect, See Footnote); Common Stock — 2,882 shares (Direct)

Footnotes (2)

1. F1. 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. F2. 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: $191.98 per share Approximate sale value: $47,995 +3 more

6 metrics

Shares sold 250 shares Indirect sale of AeroVironment Inc common stock on 2026-08-17

Sale price $191.98 per share Price for the 250 shares of common stock sold on 2026-08-17

Approximate sale value $47,995 250 shares sold at $191.98 per share

Indirect holdings after transaction 48,503 shares Common stock held indirectly by the Stephen F. Page Living Trust after sale

Direct holdings after transaction 2,882 shares Common stock held directly by Stephen F. Page after the reported transaction

10b5-1 plan adoption date September 30, 2025 Date the Stephen F. Page Living Trust adopted the Rule 10b5-1 trading plan

Key Terms

Rule 10b5-1 trading plan, beneficial ownership, pecuniary interest, indirect

4 terms

Rule 10b5-1 trading plan regulatory

"was effected pursuant to a Rule 10b5-1 trading plan adopted by the Stephen"

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.

beneficial ownership regulatory

"Mr. Page disclaims beneficial ownership of any securities in which he does"

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.

pecuniary interest financial

"Mr. Page disclaims beneficial ownership of any securities in which he does not have a pecuniary interest"

indirect financial

"Shares are held by the Stephen F. Page Living Trust, reported as indirect"

FAQ

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

What insider transaction did AVAV director Stephen F. Page report?

Stephen F. Page reported an indirect sale of 250 AVAV shares of common stock on 2026-08-17 at $191.98 per share, executed by the Stephen F. Page Living Trust under a Rule 10b5-1 trading plan.

Was Stephen F. Page’s AVAV stock sale under a Rule 10b5-1 plan?

Yes. The reported AVAV stock sale was made under a Rule 10b5-1 trading plan adopted by the Stephen F. Page Living Trust on September 30, 2025, indicating the trade was pre-arranged rather than opportunistic.

How many AVAV shares did Stephen F. Page hold indirectly after the sale?

Following the reported transaction, the Stephen F. Page Living Trust held 48,503 AVAV shares indirectly. These shares are reported as indirect holdings, with Mr. Page as trustee and subject to his beneficial ownership disclaimer where he lacks pecuniary interest.

What are Stephen F. Page’s direct AVAV share holdings after this Form 4?

After the reported sale, Stephen F. Page’s direct holdings in AVAV common stock totaled 2,882 shares. This direct position is reported separately from the larger indirect holdings of the Stephen F. Page Living Trust.

Who actually holds the AVAV shares involved in Stephen F. Page’s reported sale?

The AVAV shares sold and indirectly held are owned by the Stephen F. Page Living Trust, with Mr. Page as trustee. He disclaims beneficial ownership of any securities in which he does not have a pecuniary interest.

What was the total value of AVAV shares sold in Stephen F. Page’s transaction?

The transaction involved 250 AVAV shares at $191.98 per share, for an approximate value of $47,995. This reflects a single reported sale of AeroVironment Inc common stock by the associated trust.

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

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Available on EDGAR 08/19/2026 - 08:10 PM Accepted by SEC EDGAR 08/19/2026 - 08:09 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).

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)
08/17/2026

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								2,882	D
Common Stock	08/17/2026		S(1)		250	D	$191.98	48,503	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	08/19/2026
	** 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)