Hrach Simonian - Nov 18, 2023 Form 4 Insider Report for Aeva Technologies, Inc. (AEVA)

Role: Director
Signature: /s/ Soroush Salehian Dardashti, Attorney-in-Fact
Stock symbol: AEVA
Transactions as of: Nov 18, 2023
Transactions value $: $0
Form type: 4
Date filed: 11/21/2023, 06:40 PM
Previous filing: Nov 21, 2022
Next filing: Mar 4, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AEVA	Common Stock	Options Exercise		+87.2K	+3582.95%		89.6K	Nov 18, 2023	Direct	F1, F2
holding	AEVA	Common Stock						18.5M	Nov 18, 2023	By Canaan XI, L.P.	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		-87.2K	-100%		0	Nov 18, 2023	Common Stock	87.2K		Direct	F1, 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 converts into the Issuer's Common Stock on a one-for-one basis upon vesting and settlement.
F2	Includes shares received in distributions-in-kind from Canaan XI, L.P. (the "Canaan Fund") made prior to the filing of this report in accordance with the exemptions afforded by Rule 16a-13 and Rule 16a-9 of the Securities Exchange Act of 1934, as amended.
F3	Represents shares held directly by the Canaan Fund. The sole general partner of the Canaan Fund is Canaan Partners XI LLC ("Canaan XI", and together with the Canaan Fund, the "Canaan Entities"). Canaan XI may be deemed to have sole voting, investment and dispositive power with respect to the shares held by the Canaan Fund. The Reporting Person is a manager and member of Canaan XI. The Reporting Person disclaims Section 16 beneficial ownership in the securities held by the Canaan Entities, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for Section 16 or any other purpose.
F4	On November 18, 2022, the restricted stock units were awarded pursuant to the Issuer's Non-Employee Director Compensation Plan, pursuant to which each non-employee director of the Issuer received an annual restricted stock unit grant, vesting on the first anniversary of the grant date.