Aptera Motors (SEV) 10% owner shifts 5.08M shares to Class B stock

Rhea-AI Filing Summary

Aptera Motors Corp 10% owner Michael Johnson, through Michael Johnson Properties, Ltd., reported an internal share conversion. On December 26, 2025, Michael Johnson Properties, Ltd. converted 5,083,250 shares of Aptera Class A Common Stock into 5,083,250 shares of Class B Common Stock, with a reported price per share of $0. After this non-cash conversion, Michael Johnson Properties, Ltd. indirectly held 5,084,776 shares of Aptera Class B Common Stock, over which Michael Johnson may be deemed to have voting and dispositive power.

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

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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^*

Johnson Michael Edious

(Last) (First) (Middle)

5818 EL CAMINO REAL

(Street)

CARLSBAD CA 92008

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
12/26/2025

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
Class B Common Stock	12/26/2025		C		5,083,250	A	(1)	5,084,776	I	By Michael Johnson Properties, Ltd.(2)

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
Class A Common Stock	(1)	12/26/2025		C			5,083,250	(1)	(1)	Class B Common Stock	5,083,250	$0	0	I	By Michael Johnson Properties, Ltd.(2)

Explanation of Responses:

1. The Class A Common Stock is convertible into an equal number of shares of Class B Common Stock at any time, at the holder's election, and has no expiration date. On December 26, 2025, the reporting person converted his Class A Common Stock to Class B Common Stock.

2. These shares are directly owned by Michael Johnson Properties, Ltd. Michael Johnson is the sole owner of Michael Johnson Properties, Ltd., and may be deemed have voting and dispositive power over the shares held by this entity.

	/s/ Michael Johnson	01/07/2026
	** 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.
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FAQ

What insider transaction did Aptera Motors (SEV) report in this Form 4?

The filing reports that 10% owner Michael Johnson, through Michael Johnson Properties, Ltd., converted 5,083,250 shares of Class A Common Stock into 5,083,250 shares of Class B Common Stock.

When did the Aptera Motors SEV insider share conversion take place?

The share conversion occurred on December 26, 2025, as disclosed in the Form 4.

How many Aptera Motors shares does Michael Johnson indirectly own after the transaction?

Following the reported transaction, 5,084,776 shares of Class B Common Stock were beneficially owned indirectly through Michael Johnson Properties, Ltd..

Was cash paid in the Aptera Motors insider share conversion?

The Form 4 shows a transaction price per share of $0.0000 for the 5,083,250 Class A and 5,083,250 Class B shares, indicating a non-cash conversion between classes of stock.

Who legally holds the Aptera Motors shares involved in this Form 4?

The shares are directly owned by Michael Johnson Properties, Ltd. Michael Johnson is the sole owner of this entity and may be deemed to have voting and dispositive power over its shares.

What is the relationship of the reporting person to Aptera Motors Corp (SEV)?

The reporting person, Michael Johnson, is disclosed as a 10% owner of Aptera Motors Corp.

How are Aptera Motors Class A and Class B shares related in this filing?

The filing states that Class A Common Stock is convertible into an equal number of shares of Class B Common Stock at any time at the holder's election and has no expiration date.