AeroVironment director trust sells 250 AVAV shares

AeroVironment Inc director–related trust reports small planned share sale.

Rhea-AI Filing Summary

AeroVironment Inc director–related trust reports small planned share sale. The Stephen F. Page Living Trust, associated with director Stephen F. Page, sold 250 shares of AeroVironment common stock at $197.29 per share in an open-market transaction. The trust’s holdings were 49,501 shares after the sale, while Mr. Page also directly held 1,705 shares. The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted by the trust.

Insider Trade Summary 10b5-1

Net Seller: 250 shares

Net Sell 2 txns

Insider PAGE STEPHEN F

Role Director

Sold 250 shs ($49K)

Type	Security	Shares	Price	Value
Sale	Common Stock	250	$197.29	$49K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 49,501 shares (Indirect, See Footnote); Common Stock — 1,705 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: $197.29 per share Indirect holdings after sale: 49,501 shares +2 more

5 metrics

Shares sold 250 shares Open-market sale by Stephen F. Page Living Trust

Sale price $197.29 per share Common Stock transaction on reported date

Indirect holdings after sale 49,501 shares Held by Stephen F. Page Living Trust following transaction

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

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

Key Terms

Rule 10b5-1 trading plan, pecuniary interest, indirect, open-market sale

4 terms

Rule 10b5-1 trading plan financial

"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.

pecuniary interest financial

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

indirect financial

"total_shares_following_transaction: 49501.0000, direct_or_indirect: I, nature_of_ownership: See Footnote"

open-market sale financial

"transaction_action: open-market sale, transaction_code_description: Sale in open market or private transaction"

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.

FAQ

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

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 at $197.29 per share. The transaction is associated with director Stephen F. Page and was reported as an open-market sale on the Form 4.

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

After selling 250 shares, the Stephen F. Page Living Trust held 49,501 AeroVironment common shares. This reflects the indirect ownership position associated with director Stephen F. Page following the reported open-market transaction.

Did Stephen F. Page personally sell AeroVironment (AVAV) shares in this Form 4 filing?

The sale was carried out by the Stephen F. Page Living Trust, not directly by Stephen F. Page. He is trustee and disclaims beneficial ownership of securities in which he has no pecuniary interest, according to the Form 4 footnotes.

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 adopted by the Stephen F. Page Living Trust on September 30, 2025. Such plans pre-schedule trades independent of day-to-day market conditions.

What is Stephen F. Page’s total reported AeroVironment (AVAV) share position after this filing?

The filing shows 49,501 shares held indirectly by the Stephen F. Page Living Trust and 1,705 shares held directly. Together, the Form 4 discloses these positions as of the reported transaction date, subject to his pecuniary interest disclaimer.

What transaction code was used for the AeroVironment (AVAV) insider sale and what does it mean?

The Form 4 uses transaction code “S” for the 250-share sale at $197.29. Code S indicates a sale in the open market or a private transaction, distinguishing it from exercises, gifts, or tax-withholding events.

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

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Accepted by SEC EDGAR 04/20/2026 - 01:38 PM EDT 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)
04/15/2026

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	04/15/2026		S(1)		250	D	$197.29	49,501	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	04/20/2026
	** 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)