Saurabh Sinha - Sep 29, 2023 Form 4 Insider Report for Aeva Technologies, Inc. (AEVA)

Signature
/s/ Saurabh Sinha
Stock symbol
AEVA
Transactions as of
Sep 29, 2023
Transactions value $
-$42,403
Form type
4
Date filed
10/3/2023, 05:53 PM
Previous filing
Sep 14, 2023
Next filing
Jan 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AEVA Common Stock Options Exercise +108K +7.41% 1.57M Sep 29, 2023 Direct F1
transaction AEVA Common Stock Tax liability -$42.4K -55.8K -3.56% $0.76 1.51M Sep 29, 2023 Direct F2

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 -108K -50% 108K Sep 29, 2023 Common Stock 108K Direct F1, F3, F4
* 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 Shares withheld for payment of tax liability upon vesting of restricted stock units.
F3 The restricted stock units vest as to 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.
F4 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.