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AeroVironment (AVAV) director’s trust sale under Rule 10b5-1 plan

(Neutral)
(Negative)
Form Type
4

Rhea-AI Filing Summary

AeroVironment Inc director Stephen F. Page reported an open-market sale of 248 shares of AeroVironment common stock at $143.00 per share on July 15, 2026. The transaction was executed by the Stephen F. Page Living Trust under a Rule 10b5-1 trading plan adopted on September 30, 2025.

After the sale, the trust continues to hold 48,753 AeroVironment shares indirectly, while Page holds 2,882 shares directly. Page disclaims beneficial ownership of any securities in which he does not have a pecuniary interest.

Positive

  • None.

Negative

  • None.
Insider PAGE STEPHEN F
Role Director
Sold 248 shs ($35K)
Type Security Shares Price Value
Sale Common Stock 248 $143.00 $35K
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 48,753 shares (Indirect, See Footnote); Common Stock — 2,882 shares (Direct)
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.
Shares sold 248.0000 shares Open-market sale of AeroVironment common stock on 2026-07-15
Sale price per share $143.0000 Price per share for the 248.0000 shares sold
Indirect holdings after sale 48753.0000 shares AeroVironment shares held indirectly by Stephen F. Page Living Trust after transaction
Direct holdings after transaction 2882.0000 shares AeroVironment shares held directly by Stephen F. Page after transaction
Net shares bought/sold -248 shares Net of all reported buy and sell transactions in this Form 4
Transaction date 2026-07-15 Date of reported AeroVironment common stock sale
10b5-1 plan adoption date 2025-09-30 Adoption date of the Stephen F. Page Living Trust Rule 10b5-1 plan
Rule 10b5-1 trading plan regulatory
"effected pursuant to a Rule 10b5-1 trading plan adopted by the Stephen F. Page Living Trust"
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.
Form 4 regulatory
"The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
beneficial ownership regulatory
"Mr. Page disclaims beneficial ownership of any securities in which he does not have a pecuniary"
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
"disclaims beneficial ownership of any securities in which he does not have a pecuniary interest"
indirect financial
"total_shares_following_transaction 48753.0000 with ownership_type indirect via the Living Trust"

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FAQ

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

AeroVironment director Stephen F. Page reported a Form 4 transaction showing his living trust sold 248 shares of AeroVironment common stock at $143.00 per share on July 15, 2026, as an open-market sale under a Rule 10b5-1 trading plan.

How many AeroVironment (AVAV) shares did the Stephen F. Page Living Trust sell and at what price?

The Stephen F. Page Living Trust sold 248 AeroVironment common shares at $143.00 per share. The transaction was coded as an open-market or private sale and was executed pursuant to a pre-adopted Rule 10b5-1 trading plan dated September 30, 2025.

How many AeroVironment (AVAV) shares does Stephen F. Page hold after this Form 4?

Following the reported transactions, Stephen F. Page holds 2,882 AeroVironment shares directly. The Stephen F. Page Living Trust, associated with him as trustee, holds an additional 48,753 AeroVironment shares indirectly, according to the ownership balances reported after the sale.

Was the AeroVironment (AVAV) share sale by Stephen F. Page’s trust under a Rule 10b5-1 plan?

Yes. The sale of 248 AeroVironment shares by the Stephen F. Page Living Trust was effected under a Rule 10b5-1 trading plan that the trust adopted on September 30, 2025, indicating the transaction was pre-planned rather than timed discretionarily.

Are Stephen F. Page’s AeroVironment (AVAV) holdings direct or through a trust?

Post-transaction, Stephen F. Page owns 2,882 AeroVironment shares directly. An additional 48,753 shares are held indirectly by the Stephen F. Page Living Trust, where he serves as trustee, and he disclaims beneficial ownership where he lacks a pecuniary interest.

What does Stephen F. Page’s beneficial ownership disclaimer mean for his AeroVironment (AVAV) holdings?

Stephen F. Page states he disclaims beneficial ownership of AeroVironment securities in which he has no pecuniary interest. This means his economic interest may be less than the full amount held by the Stephen F. Page Living Trust, even though he serves as trustee.
SEC Form 4
FORM 4UNITED 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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/15/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock2,882D
Common Stock07/15/2026S(1)248D$14348,753ISee 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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-fact07/16/2026
** Signature of Reporting PersonDate
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)