Stephen F. Page - Mar 30, 2023 Form 4 Insider Report for AeroVironment Inc (AVAV)

Role: Director
Signature: /s/ Colby Petersen, Attorney-in-Fact
Stock symbol: AVAV
Transactions as of: Mar 30, 2023
Transactions value $: -$5,392
Form type: 4
Date filed: 4/3/2023, 06:45 PM
Previous filing: Jul 5, 2023
Next filing: Jul 5, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AVAV	Common Stock	Options Exercise	$186K	+10K	+26.44%	$18.57^*	47.8K	Mar 30, 2023	Direct
transaction	AVAV	Common Stock	Sale	-$191K	-2.11K	-4.4%	$90.78	45.7K	Mar 30, 2023	Direct	F1, F2
holding	AVAV	Common Stock						5K	Mar 30, 2023	See Footnote	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	AVAV	Option to Purchase Common Stock	Options Exercise	$0	+10K		$0.00^*	0	Mar 30, 2023	Common Stock	10K	$18.57	Direct	F4

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

Explanation of Responses:

Id	Content
F1	Shares were sold to pay the option exercise price and taxes.
F2	The price reported represents the weighted average price of shares sold. Shares were sold at varying prices in the range of $90.77- $90.82. The Reporting Person hereby undertakes, upon request of the Staff of the U.S. Securities and Exchange Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
F3	Held by the Stephen F. Page Living Trust, of which Mr. Page is the trustee. Mr. Page disclaims beneficial ownership of any securities in which he does not have a pecuniary interest.
F4	Options vested in five equal annual installments beginning on April 24, 2013.