[Form 4] AEye, Inc. Insider Trading Activity

Rhea-AI Filing Summary

AEye, Inc. (LIDR) director Luis Dussan reported open-market sales reducing his holdings. On 08/22/2025 he sold 38,900 shares of common stock in multiple trades at a weighted average price of $2.6581 per share. After the reported sale he beneficially owns 199,932 shares indirectly through the Luis Dussan Trust A U/A/D 5/18/2022, plus other trust holdings including a 30,000-share interest in the Jennifer Dussan Trust and 12,402 shares in the Luis Carlos Dussan Family Trust. The Form 4 was signed by power of attorney on 08/25/2025 and includes customary disclaimers about indirect ownership.

Positive

• Timely disclosure of insider sales on Form 4 with transaction details and explanatory footnotes
• Continued indirect ownership through the Luis Dussan Trust (199,932 shares) indicates ongoing stake alignment

Negative

• Insider sale of 38,900 shares at a weighted average price of $2.6581, which reduces the reporting person’s direct holdings
• Large portion of holdings are held indirectly in trusts, which may limit transparency on voting intent

Insights

Securities Analyst

TL;DR: A director executed routine open-market sales reducing his indirect stake; transaction appears non-accelerative and disclosed on Form 4.

The sale of 38,900 shares at a weighted average of $2.6581 is a straightforward Section 16 disclosure of insider transactions. The holdings post-transaction remain concentrated in related trusts, indicating continued indirect exposure. There is no information in this filing of any Rule 10b5-1 plan or of transactions tied to company-specific material events. For investors, this is a routine insider sale disclosure rather than evidence of company-altering developments.

Corporate Governance Expert

TL;DR: Disclosure is complete for the reported trades and identifies indirect ownership via trusts; no governance red flags are evident from this filing alone.

The Form 4 lists the reporting person as a director and specifies indirect ownership through multiple trusts with Trustee roles noted. The explanatory footnotes clarify affiliation and disclaimers of beneficial ownership where applicable, meeting Form 4 explanatory expectations. Absent additional context (e.g., coordinated sales by other insiders or material company news), the filing reflects routine insider liquidity rather than governance concerns.

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
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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^*

Dussan Luis

(Last) (First) (Middle)

4670 WILLOW ROAD

SUITE 125

(Street)

PLEASANTON CA 94588

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
AEye, Inc. [ LIDR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/22/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	08/22/2025		S		38,900	D	$2.6581(1)	199,932	I	Luis Dussan Trust A U/A/D 5/18/2022(2)
Common Stock								30,000	I	Jennifer Dussan Trust A U/A/D 5/18/2022(3)
Common Stock								12,402	I	Luis Carlos Dussan Family Trust dated January 20, 2021(4)
Common Stock								3,493.3	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. This transaction was executed in multiple trades at prices ranging from $2.6500 to $2.6800. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.

2. The Luis Dussan Trust A U/A/D 5/18/2022 is affiliated with the Reporting Person, and the shared held by the Trust are beneficially owned by the Reporting Person, who is the Trustee.

3. The Jennifer Dussan Trust A U/A/D 5/18/2022 is affiliated with the Reporting Person, and the shares held by the Trust are beneficially owned by the spouse of the Reporting Person, and the Reporting Person is the Trustee.

4. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

	/s/ Siraj Husain by power of attorney previously filed	08/25/2025
	** 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.

FAQ

What did AEye (LIDR) director Luis Dussan report on Form 4?

He reported an open-market sale of 38,900 shares on 08/22/2025 at a weighted average price of $2.6581 per share.

How many AEye shares does Luis Dussan beneficially own after the sale?

The filing reports 199,932 shares beneficially owned indirectly through the Luis Dussan Trust A U/A/D 5/18/2022, plus additional trust interests disclosed.

Was the Form 4 signed and when was it filed?

The signature was provided by power of attorney and dated 08/25/2025 on the filing.

Are the shares held in trusts or directly by the reporting person?

Most reported holdings are indirect via the Luis Dussan Trust, the Jennifer Dussan Trust, and the Luis Carlos Dussan Family Trust, with footnotes clarifying trustee roles and disclaimers.

Did the filing state the trades were part of a 10b5-1 plan?

No; the form does not indicate these transactions were made pursuant to a 10b5-1 trading plan.