Aeva CFO Automatic RSU Withholding Sale Leaves 774K Shares Held
Rhea-AI Filing Summary
Saurabh Sinha, Chief Financial Officer of Aeva Technologies, Inc., reported a non-discretionary sale of common stock tied to equity award withholding. The report shows 36,658 shares were sold on 09/03/2025 at an average price of $13.8022 to satisfy tax withholding obligations when time-based restricted stock units vested and settled. After the automatic sale, the reporting person beneficially owned 774,052 shares. The transaction is described as automatic and non-discretionary, indicating it was executed solely to cover withholding rather than as an open-market decision.
Positive
- Clear disclosure of the reason for the sale: shares were sold automatically to satisfy tax withholding upon RSU vesting
- Substantial remaining stake: the reporting person still beneficially owns 774,052 shares after the transaction
Negative
- Reduction in holdings by 36,658 shares due to the sale (automatic withholding)
- Transaction priced at $13.8022, which may reflect realized proceeds below other reference prices (no comparative price provided)
Insights
Routine tax-withholding sale by the CFO; limited market signal.
The disposition of 36,658 shares appears to be an automatic sale to cover withholding on vested RSUs, not an opportunistic cashing out. The amount sold represents a small percentage of the post-transaction beneficial holding of 774,052 shares, suggesting no immediate change to insider conviction. Market impact is likely negligible, but investors may note periodic such transactions when assessing insider activity.
Disclosure aligns with standard Section 16 reporting; transaction is non-discretionary.
The Form 4 discloses the mandatory sale code and an explanation that shares were sold to cover withholding on vested awards. This matches best practice for transparency under Section 16. There is no indication of a Rule 10b5-1 plan or discretionary sale, and the filing provides clear linkage between RSU settlement and withholding-related disposition.