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

Role: Chief Financial Officer
Signature: /s/ Saurabh Sinha
Stock symbol: AEVA
Transactions as of: Mar 12, 2022
Transactions value $: -$88,022
Form type: 4
Date filed: 3/16/2022, 05:35 PM
Previous filing: Oct 1, 2021
Next filing: Apr 1, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AEVA	Common Stock	Options Exercise		+43.2K	+39.67%		152K	Mar 12, 2022	Direct	F1
transaction	AEVA	Common Stock	Tax liability	-$88K	-23.4K	-15.39%	$3.76	129K	Mar 14, 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		-43.2K	-5.26%		778K	Mar 12, 2022	Common Stock	43.2K		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.