David Maday - Jun 14, 2023 Form 3 Insider Report for Aurora Innovation, Inc. (AUR)

Role
Reporting person's title: Chief Financial Officer; Exhibit 24 - Power of Attorney
Signature
/s/ David Maday
Stock symbol
AUR
Transactions as of
Jun 14, 2023
Transactions value $
$0
Form type
3
Date filed
6/15/2023, 09:08 AM
Next filing
Aug 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding AUR Class A Common Stock 353K Jun 14, 2023 Direct F1, 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
holding AUR Stock Options (Right to Buy) Jun 14, 2023 Class A Common Stock 716K $3.67 Direct F3
holding AUR Stock Options (Right to Buy) Jun 14, 2023 Class A Common Stock 109K $2.44 Direct F4
holding AUR Stock Options (Right to Buy) Jun 14, 2023 Class A Common Stock 100K $1.42 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents (i) 42,268 shares of Class A common stock of the Issuer, (ii) 30,347 restricted stock units, each restricted stock unit representing the right to receive one share of Class A common stock of the Issuer (?RSUs?), 1/3 of which will vest on August 20, 2023, and 1/3 of which will vest quarterly thereafter on each of the Issuer?s standard quarterly vesting dates until fully vested on February 20, 2024, (iii) 71,842 RSUs, 25% of which will vest quarterly on each of the Issuer?s standard quarterly vesting dates following February 20, 2024, (iv) 12,387 RSUs, 25% of which will vest quarterly on each of the Issuer?s standard quarterly vesting dates following February 20, 2025, (v) 109,052 RSUs, all of which will vest on August 20, 2023, and (vi) 87,500 RSUs, which will vest on each of the Issuer?s standard quarterly vesting dates in increments of 12,500 RSUs until fully vested on February 20, 2025.
F2 The vesting events for RSUs are subject to the reporting person's continued service through the applicable vesting date.
F3 25% of the shares subject to the stock option vested on September 14, 2021, and 1/36th of the remaining shares vest monthly thereafter, subject to the reporting person's continued service through the applicable vesting date. The stock option is subject to acceleration in the event that reporting person's employment is terminated without Cause or the reporting person resigns for Good Reason, in each case within twelve (12) months following a Change in Control. The terms "Cause," "Good Reason" and "Change in Control" are defined in the applicable stock option agreement.
F4 All of the shares subject to the stock option will vest on August 20, 2023, subject to the reporting person's continued service through the vesting date.
F5 1/24th of shares subject to the stock option vested on March 20, 2023, and 1/24th of the total number of shares subject to the stock option vest monthly thereafter, subject to the reporting person's continued service through the applicable vesting date.

Remarks:

Reporting person's title: Chief Financial Officer; Exhibit 24 - Power of Attorney