Saurabh Sinha - Mar 29, 2024 Form 4 Insider Report for Aeva Technologies, Inc. (AEVA)

Role
Chief Financial Officer
Signature
/s/ Saurabh Sinha
Stock symbol
AEVA
Transactions as of
Mar 29, 2024
Transactions value $
-$44,790
Form type
4
Date filed
3/29/2024, 09:13 PM
Previous filing
Mar 14, 2024
Next filing
May 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AEVA Common Stock Options Exercise +21.6K +7.39% 314K Mar 29, 2024 Direct F1, F2
transaction AEVA Common Stock Tax liability -$44.8K -11.4K -3.63% $3.93* 303K Mar 29, 2024 Direct F1, F3

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 -21.6K -50% 21.6K Mar 29, 2024 Common Stock 21.6K Direct F1, F2, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 All amounts of securities reported in this Form 4 reflect a 1-for-5 reverse stock split (the "Reverse Stock Split") that became effective March 18, 2024, including the Reporting Person's receipt of cash in lieu fractional shares.
F2 Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock.
F3 Represents the number of shares of Common Stock that have been withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement upon vesting of the restricted stock units and does not represent an open market sale.
F4 The restricted stock units vest as to 25% of 864,155 of the underlying shares on September 29, 2021 (as adjusted for the Reverse Stock Split), and the remaining 75% of such underlying shares will vest in six equal semi-annual installments thereafter.
F5 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.