Aptera Motors director Todd M. Butz sells 15,761 shares

The reported post-transaction amount included 57,307 unvested restricted stock units subject to the grant's vesting schedule.

Rhea-AI Filing Summary

Aptera Motors Corp director Todd M. Butz sold 15,761 shares of Class B Common Stock on August 7, 2026, at $2.09 per share. The shares were sold to cover a tax obligation resulting from settlement of a vested restricted stock award; no Rule 10b5-1 plan is reported. The reported post-transaction amount included 57,307 unvested restricted stock units subject to the grant’s vesting schedule.

Insider Trade Summary

Net Seller: 15,761 shares

Net Sell 1 txn

Insider Butz Todd M

Role Director

Sold 15,761 shs ($33K)

Type	Security	Shares	Price	Value
Sale	Class B Common Stock F1, F2, F3	15,761	$2.09	$33K

Holdings After Transaction: Class B Common Stock — 57,307 shares (Direct)

Footnotes (3)

1. F1. Reflects the amount of Class B common shares sold to cover a tax obligation resulting from the settlement of a vested restricted stock award.
2. F2. This amount includes 57,307 unvested restricted stock units subject to the grant's vesting schedule as previously reported.
3. F3. The reporting person has reported prior awards of restricted stock units in Table II of Form 4. The total reported in Column 5 includes the 57,307 restricted stock units previously reported in Table II.

Key Figures

Class B Common Stock sold: 15,761 shares Sale price: $2.09 per share Unvested restricted stock units: 57,307 units

3 metrics

Class B Common Stock sold 15,761 shares August 7, 2026

Sale price $2.09 per share August 7, 2026

Unvested restricted stock units 57,307 units Included in the reported post-transaction amount and subject to the grant's vesting schedule

Key Terms

restricted stock award, restricted stock units, vesting schedule

3 terms

restricted stock award financial

"settlement of a vested restricted stock award"

A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.

restricted stock units financial

"57,307 unvested 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.

vesting schedule financial

"subject to the grant's vesting schedule"

A vesting schedule is a timeline that determines when someone gains full ownership of certain benefits, such as company stock or retirement contributions. Think of it like earning the right to own a gift gradually over time, rather than receiving it all at once. It matters to investors because it affects when they can fully access or sell these benefits, influencing their financial planning and decision-making.

FAQ

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

How many SEV shares did director Todd M. Butz sell, and at what price?

Todd M. Butz sold 15,761 shares of Class B Common Stock at $2.09 per share on August 7, 2026. The report indicates no Rule 10b5-1 plan and says the reported post-transaction amount included 57,307 unvested restricted stock units.

Why did Todd M. Butz sell SEV shares?

The 15,761 shares were sold to cover a tax obligation resulting from settlement of a vested restricted stock award.

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

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Available on EDGAR 10/16/2026 - 04:51 PM EDT Accepted by SEC EDGAR 10/16/2026 - 04:50 PM EDT 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).

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^*

Butz Todd M

(Last) (First) (Middle)

5818 EL CAMINO REAL

(Street)

CARLSBAD CALIFORNIA 92008

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Aptera Motors Corp [ SEV ]

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)
08/07/2026

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
Class B Common Stock	08/07/2026		S		15,761(1)	D	$2.09	57,307(2)(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. Reflects the amount of Class B common shares sold to cover a tax obligation resulting from the settlement of a vested restricted stock award.

2. This amount includes 57,307 unvested restricted stock units subject to the grant's vesting schedule as previously reported.

3. The reporting person has reported prior awards of restricted stock units in Table II of Form 4. The total reported in Column 5 includes the 57,307 restricted stock units previously reported in Table II.

	/s/ Todd M. Butz	10/16/2026
	** 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)