AeroVironment director sells 250 shares at $152

AeroVironment Inc (AVAV) director Stephen F. Page reported a sale of 250 shares of Common Stock on September 15, 2026, at $152.27 per share.

Rhea-AI Filing Summary

AeroVironment Inc (AVAV) director Stephen F. Page reported a sale of 250 shares of Common Stock on September 15, 2026, at $152.27 per share. The shares were sold by the Stephen F. Page Living Trust pursuant to a Rule 10b5-1 trading plan adopted on September 30, 2025.

After this transaction, the trust held 48,253 shares indirectly associated with Mr. Page, and he also held 2,882 shares directly. Mr. Page is trustee of the trust and disclaims beneficial ownership of 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 ($38K)

Type	Security	Shares	Price	Value
Sale	Common Stock F1, F2	250	$152.27	$38K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 48,253 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 per share: $152.27 per share Indirect holdings after transaction: 48,253 shares +2 more

5 metrics

Shares sold 250 shares Common Stock sale reported for September 15, 2026

Sale price per share $152.27 per share Common Stock sold on September 15, 2026

Indirect holdings after transaction 48,253 shares Common Stock held indirectly through the Stephen F. Page Living Trust after sale

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

Rule 10b5-1 plan adoption date September 30, 2025 Trading plan for the Stephen F. Page Living Trust

Key Terms

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

4 terms

Rule 10b5-1 trading plan regulatory

"The transaction was effected pursuant to a Rule 10b5-1 trading plan adopted"

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.

indirect ownership financial

"Shares are held by the Stephen F. Page Living Trust"

pecuniary interest financial

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

beneficial ownership financial

"Mr. Page disclaims beneficial ownership of any securities"

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.

FAQ

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

What did AeroVironment (AVAV) director Stephen F. Page report in this Form 4?

He reported a sale of 250 shares of AeroVironment Common Stock on September 15, 2026, carried out by the Stephen F. Page Living Trust under a pre-established Rule 10b5-1 trading plan.

At what price were the AVAV shares sold in this Form 4 filing?

The Form 4 reports the 250 shares of AeroVironment Common Stock were sold at $152.27 per share on September 15, 2026.

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

After the reported sale, there were 48,253 shares held indirectly through the Stephen F. Page Living Trust and 2,882 shares held directly by Mr. Page.

Was the AVAV share sale by Stephen F. Page under a Rule 10b5-1 trading plan?

Yes. The filing states the transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Stephen F. Page Living Trust on September 30, 2025.

Are the sold AVAV shares owned directly by Stephen F. Page?

No. The 250 shares sold were held by the Stephen F. Page Living Trust, of which Mr. Page is trustee. The filing notes he disclaims beneficial ownership of any securities in which he does not have a pecuniary interest.

What type of ownership is reported for the main AVAV share position in this Form 4?

The 48,253 shares position following the sale is reported as indirect ownership, with the filing explaining that the shares are held by the Stephen F. Page Living Trust.

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

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Available on EDGAR 09/17/2026 - 04:15 PM Accepted by SEC EDGAR 09/17/2026 - 04:14 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)
09/15/2026

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								2,882	D
Common Stock	09/15/2026		S(1)		250	D	$152.27	48,253	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.

	/s/ Colby Petersen, attorney-in-fact	09/17/2026
	** 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)