Did Aptera Motors (SEV) disclose any related-party transactions involving Wellington J. Reiter?

Aptera Motors stated there are no transactions involving Wellington J. Reiter requiring disclosure under Item 404(a) of Regulation S‑K. The company also reported no arrangements or understandings dictating his selection as director.

Aptera Motors adds director and grants 210,045 RSUs

Q: What board change did Aptera Motors Corp. (SEV) announce on August 11, 2026?

Aptera Motors Corp. increased its Board size from four to five members and appointed Wellington J. Reiter as an independent director effective August 11, 2026. He also joined the Board’s Audit Committee the same day.

Q: What equity compensation did Wellington J. Reiter receive from Aptera Motors (SEV)?

Wellington J. Reiter received a total of 210,045 RSUs under the 2025 Omnibus Equity Incentive Plan. The grant includes retainers valued at $50,000 and $10,000, plus a long-term incentive valued at $400,000 vesting over four years.

Q: How are Wellington J. Reiter’s RSUs at Aptera Motors (SEV) structured?

Reiter’s RSUs include 22,831 fully vested board retainer units, 4,566 fully vested Audit Committee retainer units, and 182,648 long-term incentive RSUs. The long‑term grant vests 25% after each full year of Board service over four years.

Q: What committee role will Wellington J. Reiter have at Aptera Motors (SEV)?

Wellington J. Reiter was appointed as a member of the Audit Committee of Aptera Motors’ Board, effective August 11, 2026. His equity compensation includes a 4,566 RSU retainer tied to his Audit Committee membership.

Aptera Motors Corp. expanded its board of directors from four to five members and appointed Wellington J. Reiter as an independent director effective August 11, 2026.

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

8-K

Rhea-AI Filing Summary

Aptera Motors Corp. expanded its board of directors from four to five members and appointed Wellington J. Reiter as an independent director effective August 11, 2026. He also joined the Board’s Audit Committee on the same date.

In connection with his appointment, Reiter received an aggregate of 210,045 restricted stock units (RSUs) under the 2025 Omnibus Equity Incentive Plan. This includes 22,831 RSUs as a fully vested annual board retainer valued at $50,000, 4,566 RSUs as a fully vested Audit Committee retainer valued at $10,000, and a long-term incentive grant of 182,648 RSUs valued at $400,000, vesting over four years at 25% per full year of board service. The company states there are no related-party arrangements or transactions requiring additional disclosure.

8-K Event Classification

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

1 item

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Key Figures

Total RSUs Granted: 210,045 RSUs Board Retainer RSUs: 22,831 RSUs; $50,000 value Audit Committee RSUs: 4,566 RSUs; $10,000 value +2 more

5 metrics

Total RSUs Granted 210,045 RSUs Aggregate RSU grant to Wellington J. Reiter upon board and Audit Committee appointment

Board Retainer RSUs 22,831 RSUs; $50,000 value Annual Board service retainer, fully vested upon issuance

Audit Committee RSUs 4,566 RSUs; $10,000 value Aggregate committee membership retainer for Audit Committee, fully vested upon issuance

Long-Term Incentive RSUs 182,648 RSUs; $400,000 value Vests over four years, 25% after each full year of Board service

Board Size After Change 5 members Board increased from four to five members effective August 11, 2026

Key Terms

restricted stock units, independent director, Audit Committee, 2025 Omnibus Equity Incentive Plan, +1 more

5 terms

restricted stock units financial

"Mr. Reiter was granted an aggregate of 210,045 restricted stock units"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

independent director financial

"appointed Mr. Wellington J. Reiter to serve as an independent director"

An independent director is a member of a company's board of directors who is not involved in the company's day-to-day operations and has no significant relationships with the company that could influence their judgment. Their role is to provide unbiased oversight and ensure the company is managed in the best interests of all shareholders. This helps build trust and confidence among investors by promoting transparency and accountability.

Audit Committee financial

"appointed to serve as a member of the Audit Committee of the Board"

A company's audit committee is a small group of board members who act like independent inspectors for the firm's finances, overseeing how financial reports are prepared, monitoring internal controls, and managing the relationship with external auditors. Investors care because a strong audit committee reduces the risk of accounting errors, fraud, or misleading statements, making financial statements more trustworthy and helping protect shareholder value.

2025 Omnibus Equity Incentive Plan financial

"RSUs under the Company’s 2025 Omnibus Equity Incentive Plan"

Item 404(a) of Regulation S-K regulatory

"no transactions in which Mr. Reiter has an interest requiring disclosure under Item 404(a)"

FAQ

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

What board change did Aptera Motors Corp. (SEV) announce on August 11, 2026?

Aptera Motors Corp. increased its Board size from four to five members and appointed Wellington J. Reiter as an independent director effective August 11, 2026. He also joined the Board’s Audit Committee the same day.

What equity compensation did Wellington J. Reiter receive from Aptera Motors (SEV)?

Wellington J. Reiter received a total of 210,045 RSUs under the 2025 Omnibus Equity Incentive Plan. The grant includes retainers valued at $50,000 and $10,000, plus a long-term incentive valued at $400,000 vesting over four years.

How are Wellington J. Reiter’s RSUs at Aptera Motors (SEV) structured?

Reiter’s RSUs include 22,831 fully vested board retainer units, 4,566 fully vested Audit Committee retainer units, and 182,648 long-term incentive RSUs. The long‑term grant vests 25% after each full year of Board service over four years.

What committee role will Wellington J. Reiter have at Aptera Motors (SEV)?

Wellington J. Reiter was appointed as a member of the Audit Committee of Aptera Motors’ Board, effective August 11, 2026. His equity compensation includes a 4,566 RSU retainer tied to his Audit Committee membership.

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

Understanding 8-K Material Events →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Accepted by SEC EDGAR 08/14/2026 - 08:00 AM EDT

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 11, 2026

APTERA MOTORS CORP.

(Exact name of Registrant as Specified in Its Charter)

Delaware

001-42884

83-4079594

(State or Other Jurisdiction

of Incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

5818 El Camino Real
Carlsbad, California				92008
(Address of Principal Executive Offices)				(Zip Code)

Registrant’s Telephone Number, Including Area Code: (858) 371-3151

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Class B Common Stock, par value $0.0001 per share		SEV		Nasdaq Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On August 11, 2026, the board of directors (the “Board”) of Aptera Motors Corp., a Delaware corporation (the “Company”), increased the size of the Board from four to five members and appointed Mr. Wellington J. Reiter to serve as an independent director to fill the resulting vacancy, effective as of August 11, 2026. In addition, Mr. Reiter was appointed to serve as a member of the Audit Committee of the Board (“Audit Committee”), effective as of August 11, 2026.

In connection with his appointment, Mr. Reiter was granted an aggregate of 210,045 restricted stock units (“RSUs”) under the Company’s 2025 Omnibus Equity Incentive Plan, consisting of: (i) an annual Board service retainer of 22,831 RSUs, valued at $50,000, which were fully vested upon issuance, (ii) an aggregate committee membership retainer, in connection with Mr. Reiter’s membership on the Audit Committee, of 4,566 RSUs, valued at $10,000, which were fully vested upon issuance, and (iii) a long-term incentive grant of 182,648 RSUs, valued at $400,000, to vest over a four-year period, with 25% of the total RSUs vesting upon the completion of each full year of service on the Board through each applicable vesting date.

There are no arrangements or understandings between Mr. Reiter and any other persons pursuant to which Mr. Reiter was selected as a director. There are no transactions in which Mr. Reiter has an interest requiring disclosure under Item 404(a) of Regulation S-K.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: August 14, 2026

	APTERA MOTORS CORP.

	By:	/s/ Tom DaPolito
	Name:	Tom DaPolito
	Title:	Interim Chief Financial Officer

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

3 documents