Aeva Technologies CEO Soroush Salehian Dardashti sold 275,349 shares for approximately $6.8 million in a non-discretionary transaction to cover tax withholding obligations. The sale, disclosed in a June 16 SEC filing, involved 225,349 shares sold directly and 50,000 sold indirectly at a weighted average price of $24.57. Following the transaction, Dardashti holds 1,659,957 shares directly and 1,470,808 indirectly. Aeva, which develops 4D LiDAR-on-chip sensing technology, reported record first-quarter revenue of $6.3 million and ended the quarter with $224.5 million in available liquidity.
Aeva Technologies, Inc. Common StockCEO sold $6.8M in shares, a non-discretionary tax-related sale, but large insider sales can signal lack of confidence.