PAGE STEPHEN F 4

What Happened
Stephen F. Page, a director of AeroVironment, sold 250 shares of AVAV on April 15, 2026, at $197.29 per share, generating proceeds of $49,323. The sale was reported on a Form 4 filed April 20, 2026. As a sale, this is typically viewed as a routine liquidity event rather than a bullish signal.

Key Details

• Transaction type: Sale (code S) — open market/private sale reported
• Transaction date: 2026-04-15; Filing date: 2026-04-20 (filed 5 calendar days / 3 business days after the trade; Form 4s are normally due within 2 business days)
• Price and amount: 250 shares at $197.29 each; total proceeds $49,323
• Footnotes:
  • F1 — Transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Stephen F. Page Living Trust on Sept 30, 2025 (prearranged plan).
  • F2 — Shares are held by the Stephen F. Page Living Trust; Mr. Page is trustee and disclaims beneficial ownership of securities in which he lacks a pecuniary interest.
• Shares owned after transaction: Not specified in the provided excerpt — see the full Form 4 for post-transaction holdings.

Context

• Because the sale was executed under a 10b5-1 plan, it was prearranged and may not reflect contemporaneous views about the stock. Sales by directors are common for diversification or liquidity; they do not by themselves indicate company performance.
• The later filing (after the typical 2-business-day window) is a reporting timeliness issue; investors may want to view the complete Form 4 on the SEC EDGAR system for full ownership details and any additional disclosures.