AeroVironment CEO granted 15,709 restricted shares

AeroVironment Inc Chair, President and CEO Wahid Nawabi reported two stock-based compensation acquisitions of common stock.

Rhea-AI Filing Summary

AeroVironment Inc Chair, President and CEO Wahid Nawabi reported two stock-based compensation acquisitions of common stock. On July 2, he received 15,709 restricted stock awards, which vest in three equal installments on July 11 of 2027, 2028 and 2029. On June 30, he also acquired 97 shares under the company’s 2023 Employee Stock Purchase Plan at $140.31 per share in a transaction exempt under Rule 16b-3. Following these awards, Nawabi directly holds 167,349 common shares, reflecting routine equity compensation and employee plan participation rather than open-market buying or selling.

Insider Trade Summary

Grant/Award: 15,806 shares

Grant/Award 2 txns

Insider Nawabi Wahid

Role Chair, President and CEO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	15,709	$0.00	$0.00
Grant/Award	Common Stock	97	$140.31	$14K

Holdings After Transaction: Common Stock — 167,349 shares (Direct)

Footnotes (2)

1. F1. These shares were acquired under the AeroVironment, Inc. 2023 Employee Stock Purchase Plan in transactions that were exempt under both Rule 16b-3(d) and Rule 16b-3(c).
2. F2. Restricted Stock Awards vest in 3 equal installments on each of July 11, 2027, 2028 and 2029.

Key Figures

Restricted stock award: 15,709 shares ESPP purchase: 97 shares at $140.31 Holdings after latest grant: 167,349 shares +2 more

5 metrics

Restricted stock award 15,709 shares Common Stock grant on July 2, 2026

ESPP purchase 97 shares at $140.31 Common Stock acquired June 30, 2026 under 2023 ESPP

Holdings after latest grant 167,349 shares Direct common stock ownership following July 2, 2026 grant

Holdings after ESPP acquisition 151,737 shares Direct common stock ownership after June 30, 2026 ESPP transaction

RSA vesting schedule 3 equal installments Restricted Stock Awards vest July 11, 2027, 2028, 2029

Key Terms

2023 Employee Stock Purchase Plan, Restricted Stock Awards, Rule 16b-3(d), Rule 16b-3(c)

4 terms

2023 Employee Stock Purchase Plan financial

"These shares were acquired under the AeroVironment, Inc. 2023 Employee Stock Purchase Plan"

Restricted Stock Awards financial

"Restricted Stock Awards vest in 3 equal installments on each of July 11, 2027, 2028 and 2029."

Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.

Rule 16b-3(d) regulatory

"transactions that were exempt under both Rule 16b-3(d) and Rule 16b-3(c)."

Rule 16b-3(d) is a narrow SEC safe-harbor that shields company insiders (officers, directors and large shareholders) from liability for short‑swing profits when their buys or sells of company stock are made under a pre-established, written plan or contract that removes the insider’s ability to time trades. For investors, this matters because it permits predictable, automated insider transactions — like scheduled sales for diversification or payroll withholding — without triggering forced disgorgement, so such planned trades are treated differently from opportunistic insider trading.

Rule 16b-3(c) regulatory

"transactions that were exempt under both Rule 16b-3(d) and Rule 16b-3(c)."

An SEC rule that lets corporate insiders avoid automatic "short‑swing" profit recovery when they buy or sell their company’s stock under a pre‑approved, written plan that meets specific conditions. For investors, it matters because it clarifies when insider trades are treated as routine, reducing legal uncertainty and helping distinguish trades made for ordinary compensation or pre‑planned reasons from those that might signal opportunistic or timely insider advantage.

FAQ

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

What insider transactions did AeroVironment (AVAV) CEO Wahid Nawabi report?

Wahid Nawabi reported two stock-based acquisitions of AeroVironment common shares. He received 15,709 restricted stock awards on July 2 and bought 97 shares on June 30 through the 2023 Employee Stock Purchase Plan as routine compensation-related activity.

How many AeroVironment (AVAV) shares does CEO Wahid Nawabi hold after these Form 4 transactions?

After the reported transactions, Wahid Nawabi directly holds 167,349 AeroVironment common shares. This reflects the addition of 15,709 restricted stock awards and 97 shares from the employee stock purchase plan, as disclosed in the Form 4 filing.

What are the vesting terms of Wahid Nawabi’s new restricted stock awards at AeroVironment (AVAV)?

The 15,709 restricted stock awards granted to Wahid Nawabi vest in three equal installments. Vesting dates are July 11, 2027, July 11, 2028 and July 11, 2029, aligning the CEO’s equity compensation with a multi-year time horizon.

Were Wahid Nawabi’s recent AeroVironment (AVAV) stock acquisitions open-market purchases?

The reported acquisitions were not open-market purchases. One involved 15,709 restricted stock awards, and the other 97 shares acquired under the 2023 Employee Stock Purchase Plan, both treated as compensation-related transactions exempt under Rule 16b-3.

What price was paid for the AeroVironment (AVAV) shares under the 2023 Employee Stock Purchase Plan?

For the June 30 transaction, Wahid Nawabi acquired 97 AeroVironment shares at $140.31 per share. These shares were obtained through the 2023 Employee Stock Purchase Plan in a transaction exempt under Rule 16b-3(d) and Rule 16b-3(c).

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

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Accepted by SEC EDGAR 07/06/2026 - 05:04 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^*

Nawabi Wahid

(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
X	Officer (give title below)		Other (specify below)
	Chair, President and CEO

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	06/30/2026		A	V	97(1)	A	$140.31	151,737	D
Common Stock	07/02/2026		A		15,709(2)	A	$0	167,349	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. These shares were acquired under the AeroVironment, Inc. 2023 Employee Stock Purchase Plan in transactions that were exempt under both Rule 16b-3(d) and Rule 16b-3(c).

2. Restricted Stock Awards vest in 3 equal installments on each of July 11, 2027, 2028 and 2029.

	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)