Saurabh Sinha - 12 Mar 2022 Form 4 Insider Report for Aeva Technologies, Inc. (AEVA)

Role: Chief Financial Officer
Signature: /s/ Saurabh Sinha
Issuer symbol: AEVA
Transactions as of: 12 Mar 2022
Net transactions value: -$88,022
Form type: 4
Filing time: 16 Mar 2022, 17:35:11 UTC
Previous filing: 01 Oct 2021
Next filing: 01 Apr 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AEVA	Common Stock	Options Exercise		+43,214	+40%		152,142	12 Mar 2022	Direct	F1
transaction	AEVA	Common Stock	Tax liability	$88,022	-23,410	-15%	$3.76	128,732	14 Mar 2022	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	AEVA	Restricted Stock Units	Options Exercise		-43,214	-5.3%		777,726	12 Mar 2022	Common Stock	43,214		Direct	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock.
F2	The restricted stock units vest as to (i) 25% of 864,155 of the underlying shares on September 29, 2021, and the remaining 75% of such underlying shares will vest in six equal semi-annual installments thereafter; and (ii) 25% of 172,827 of the underlying shares on March 12, 2022, and the remaining 75% of such underlying shares will vest in six equal semi-annual installments thereafter. The restricted stock units were granted on March 12, 2021.
F3	Pursuant to the Business Combination Agreement, dated November 2, 2020 (the "Business Combination Agreement"), by and among InterPrivate Acquisition Corp., WLLY Merger Sub Corp. and Aeva, Inc. ("Aeva"), each share of Aeva common stock issued and outstanding immediately prior to the effective time of the transactions contemplated by the Business Combination Agreement was automatically converted into the right to receive a number of shares of the Issuer's Common Stock based on a 1-to-9.07659 conversion ratio.