LIDR Form 4: Director reports small sale, retains 199,748 shares

Rhea-AI Filing Summary

AEye, Inc. director Luis Dussan reported a sale of 184 shares of AEye common stock on 09/09/2025 at a price of $3 per share. After the reported transaction, the filing shows the reporting person (through indirect holdings) beneficially owns 199,748 shares.

The Form 4 discloses that Mr. Dussan holds indirect ownership through three trusts: the Luis Dussan Trust A U/A/D 5/18/2022 (shares beneficially owned by the reporting person as trustee), the Jennifer Dussan Trust A U/A/D 5/18/2022 (shares beneficially owned by the spouse, with the reporting person as trustee), and the Luis Carlos Dussan Family Trust dated January 20, 2021 (for which the reporting person disclaims beneficial ownership except to the extent of pecuniary interest).

Insights

Securities Analyst

TL;DR Small director sale; retained meaningful indirect stake.

The reported sale of 184 shares at $3 per share on 09/09/2025 is a de minimis disposition relative to the total indicated indirect holdings of 199,748 shares. From an insider-transaction perspective, this appears routine rather than a material change in ownership or control. The filing clarifies that substantial holdings are held indirectly via trusts, and the reporting person serves as trustee for two of those trusts, which is relevant for understanding control and voting influence.

Corporate Governance Expert

TL;DR Transaction is disclosed correctly; trust relationships and disclaimers are noted.

The Form 4 includes appropriate disclosures on the nature of indirect beneficial ownership and the reporting person’s role as trustee. The explicit disclaimer of beneficial ownership for the family trust limits attribution to pecuniary interest only. The filing is procedural and does not itself indicate a governance or compliance concern based on the information provided.

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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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^*

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)
09/09/2025

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	09/09/2025		S		184	D	$3	199,748	I	Luis Dussan Trust A U/A/D 5/18/2022(1)
Common Stock								30,000	I	Jennifer Dussan Trust A U/A/D 5/18/2022(2)
Common Stock								12,402	I	Luis Carlos Dussan Family Trust dated January 20, 2021(3)
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. 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.

2. 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.

3. 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	09/10/2025
	** 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 insider transaction did AEye (LIDR) report on 09/09/2025?

Director Luis Dussan reported a sale of 184 shares of AEye common stock on 09/09/2025 at a price of $3 per share.

How many AEye shares does the reporting person beneficially own after the transaction?

The filing shows 199,748 shares beneficially owned following the reported transaction, held indirectly.

Through what vehicles does Luis Dussan hold AEye shares?

Holdings are disclosed via the Luis Dussan Trust A U/A/D 5/18/2022, the Jennifer Dussan Trust A U/A/D 5/18/2022, and the Luis Carlos Dussan Family Trust dated January 20, 2021.

Does the reporting person claim direct beneficial ownership of all trust-held shares?

No. The reporting person is trustee for two trusts and beneficially owns those shares; for the family trust he disclaims beneficial ownership except for pecuniary interest.

Who signed the Form 4 and when was it filed?

The form bears a signature executed by power of attorney by Siraj Husain on 09/10/2025.