Churchill David Lawrence 4
4 · BETA Technologies, Inc. · Filed Apr 16, 2026
Research Summary
AI-generated summary of this filing
BETA Technologies CTO David Churchill Receives 35,589 Shares
What Happened
Churchill David Lawrence, Chief Technology Officer and Director of BETA Technologies (BETA), acquired a total of 35,589 shares of Class A common stock on April 14, 2026. The Form 4 shows two award acquisitions: 35,491 shares and 98 shares, each reported at $0.00 per share, reflecting shares issued upon the vesting of performance-based restricted stock units (PSUs).
Key Details
- Transaction date: 2026-04-14; Form 4 filed 2026-04-16.
- Reported acquisitions: 35,491 shares (F1) and 98 shares (F2) at $0.00 each; total 35,589 shares reported as acquired. Reported cash value on the Form 4 is $0.
- Footnotes: F1 = shares from PSUs awarded to the reporting person (granted Jan 30, 2026) that vested upon achievement of performance criteria; F2 = shares from PSUs awarded to the reporting person’s domestic partner that vested on the same basis; F3 = reporting person disclaims beneficial ownership except to the extent of his pecuniary interest.
- Shares owned after the transaction are not specified in the provided filing.
- Filing appears timely (transaction 4/14/2026; Form 4 filed 4/16/2026), consistent with standard Section 16 reporting windows.
Context
These were vesting events for performance-based RSUs (PSUs). Because the PSUs were contingent on performance, the shares were not previously reportable when the awards were granted. Vesting of compensation awards is a routine, non-open-market issuance and does not by itself indicate a purchase or sale intent by the insider.
Insider Transaction Report
- Award
Class A common stock
[F1]2026-04-14+35,491→ 571,628 total - Award
Class A common stock
[F2][F3]2026-04-14+98→ 3,640 total(indirect: By Domestic Partner)
Footnotes (3)
- [F1]Represents shares of Class A common stock received upon the vesting of performance-based restricted stock units ("PSUs") awarded to the Reporting Person on January 30, 2026, which vested based on the Issuer's satisfaction of certain performance criteria. In light of the performance-based vesting criteria of the PSUs, such shares were not previously reportable under Section 16. Each PSU represents the contingent right to receive one share of Class A common stock of the Issuer.
- [F2]Represents shares of Class A common stock received upon the vesting of performance-based restricted stock units ("PSUs") awarded to the domestic partner of the Reporting Person on January 30, 2026, which vested based on the Issuer's satisfaction of certain performance criteria. In light of the performance-based vesting criteria of the PSUs, such shares were not previously reportable under Section 16. Each PSU represents the contingent right to receive one share of Class A common stock of the Issuer.
- [F3]The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.