SEC Form 4 · accession 0001983167-26-000002
AeroVironment Inc · AVAV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Trace E Stevenson
Officer — President, Autonomous Systems
Period of report
Jun 29, 2026
Accepted (ET)
Jun 30, 2026 · 1:39 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001368622
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jun 29, 2026 | M | 4,765 | $0.00 | A | 9,672 | D | |
| Common StockF2 | Jun 29, 2026 | F | 1,710 | $139.00 | D | 7,962 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Restricted Stock AwardsF1,F3,F4 | $0.00 | Jun 29, 2026 | M | 1,906 | A | Jun 29, 2026 | Jun 29, 2026 | Common Stock | 1,906 | 0 | D |
Explanation of responses
- F1Each Performance Restricted Stock Unit (PRSU) represents the contingent right to receive, following vesting, shares of the issuer's common stock. The resulting number of shares of the issuer's common stock acquired upon vesting of the PRSUs is contingent upon the achievement of pre-established performance metrics, as approved by the Company's Compensation Committee, over a three-year performance period beginning on May 1, 2023 and ending on April 30, 2026. The target number of units subject to the award is presented in the table. The number of units that vest may be 0% to 250% of the target number of units, depending on performance.
- F2Disposition made pursuant to a net settlement whereby shares of stock were tendered to satisfy tax withholding obligations arising in the conjunction with the vesting of previously issued Performance Restricted Stock Units.
- F3Unless earlier forfeited under the terms of the PRSU, each PRSU vests and converts into shares of the issuer's common stock upon certification by the Company's Compensation Committee of the achievement of the performance metrics of the PRSUs (the "Certification Date").
- F4Upon conversion of the PRSUs, the Reporting Person received 4,765 shares of common stock.