AeroVironment (AVAV) director awarded 1,308 restricted shares for board service

Rhea-AI Filing Summary

Lewis Cindy Kay reported acquisition or exercise transactions in this Form 4 filing.

AeroVironment Inc director Cindy Kay Lewis received equity compensation in the form of restricted common stock. On July 2, 2026, she was granted 261 restricted shares and a separate special grant of 1,047 restricted shares for additional director services performed in the prior fiscal year.

Both grants vest in full on July 11, 2027, as long as she continues to serve the company through that date. If her service ends before then, a prorated portion of each grant will vest immediately upon termination, providing partial retention of these awards even with early departure.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Lewis Cindy Kay

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,047	$0.00	--
Grant/Award	Common Stock	261	$0.00	--

Holdings After Transaction: Common Stock — 7,463 shares (Direct, null)

Footnotes (1)

1. Represents a grant of restricted shares of Common Stock that will vest in full on July 11, 2027, subject to the Reporting Person's continued service to the Issuer through such date. If the Reporting Person's service terminates prior to the vesting date, a prorated portion of the grant will vest immediately upon such termination. Represents a special grant of restricted shares of Common Stock awarded as compensation for additional director services performed during the prior fiscal year. The shares vest in full on July 11, 2027, subject to continued service; provided that upon the Reporting Person's termination of services, a prorated portion of the grant will vest immediately upon termination of services.

Key Figures

Restricted stock grant: 261 shares Special restricted stock grant: 1,047 shares Total restricted shares granted: 1,308 shares +1 more

4 metrics

Restricted stock grant 261 shares Standard director grant on July 2, 2026

Special restricted stock grant 1,047 shares Additional director services prior fiscal year

Total restricted shares granted 1,308 shares Combined July 2, 2026 awards

Vesting date July 11, 2027 Full vesting subject to continued service

Key Terms

restricted shares of Common Stock, special grant, prorated portion of the grant

3 terms

restricted shares of Common Stock financial

"Represents a grant of restricted shares of Common Stock that will vest in full"

Restricted shares of common stock are company shares that cannot be sold or transferred until specific conditions are met, such as a set time period, performance targets, or regulatory approvals; they are often granted to founders, employees or early investors. They matter to investors because when the restrictions lift those shares can enter the market and increase the supply, potentially diluting existing holders and changing the stock’s price, similar to a locked faucet being opened and more water joining the flow.

special grant financial

"Represents a special grant of restricted shares of Common Stock awarded as compensation"

prorated portion of the grant financial

"If the Reporting Person's service terminates prior to the vesting date, a prorated portion of the grant"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/06/2026 - 05:38 PM Accepted by SEC EDGAR 07/06/2026 - 05:38 PM Learn about SEC filing dates

FAQ

What insider transaction did AeroVironment (AVAV) report for Cindy Kay Lewis?

AeroVironment reported that director Cindy Kay Lewis received two grants of restricted common stock, totaling 1,308 shares. These were awarded as equity compensation, including a special grant for additional director services performed during the prior fiscal year.

How many AeroVironment (AVAV) shares were granted to Cindy Kay Lewis?

Cindy Kay Lewis was granted 261 restricted shares and a separate special grant of 1,047 restricted shares. Both awards are in AeroVironment common stock and represent non-cash equity compensation for her board and additional director services.

When do Cindy Kay Lewis’s AeroVironment (AVAV) restricted stock grants vest?

Both restricted stock grants to Cindy Kay Lewis are scheduled to vest in full on July 11, 2027. Vesting depends on her continued service to AeroVironment, with provisions allowing prorated vesting if her service ends before that date.

What happens to Cindy Kay Lewis’s AVAV restricted shares if her service ends early?

If Cindy Kay Lewis’s service with AeroVironment ends before July 11, 2027, a prorated portion of each restricted stock grant will vest immediately. This applies to both the regular and special grants, allowing partial vesting rather than full forfeiture on early termination.

Why did AeroVironment (AVAV) grant a special restricted stock award to Cindy Kay Lewis?

AeroVironment granted Cindy Kay Lewis a special award of 1,047 restricted shares as compensation for additional director services during the prior fiscal year. This is separate from her standard director equity grant and recognizes extra board-related responsibilities performed in that period.

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^*

Lewis Cindy Kay

(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)
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	07/02/2026		A		1,047(1)	A	$0	7,463	D
Common Stock	07/02/2026		A		261(2)	A	$0	7,724	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. Represents a grant of restricted shares of Common Stock that will vest in full on July 11, 2027, subject to the Reporting Person's continued service to the Issuer through such date. If the Reporting Person's service terminates prior to the vesting date, a prorated portion of the grant will vest immediately upon such termination.

2. Represents a special grant of restricted shares of Common Stock awarded as compensation for additional director services performed during the prior fiscal year. The shares vest in full on July 11, 2027, subject to continued service; provided that upon the Reporting Person's termination of services, a prorated portion of the grant will vest immediately upon termination of services.

	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)