Saurabh Sinha - 12 Sep 2023 Form 4 Insider Report for Aeva Technologies, Inc. (AEVA)

Role
Chief Financial Officer
Signature
/s/ Saurabh Sinha
Issuer symbol
AEVA
Transactions as of
12 Sep 2023
Net transactions value
-$10,359
Form type
4
Filing time
14 Sep 2023, 21:10:29 UTC
Previous filing
05 Jul 2023
Next filing
03 Oct 2023
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 +21,602 +1.5% 1,474,126 12 Sep 2023 Direct F1
transaction AEVA Common Stock Tax liability $10,359 -11,383 -0.77% $0.9100 1,462,743 12 Sep 2023 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 -21,602 -50% 21,602 12 Sep 2023 Common Stock 21,602 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 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.