Aurora (AUR) Director Michelangelo Volpi Sells $10.35M in Shares

What Happened
Michelangelo Volpi, a director of Aurora Innovation, converted multiple derivative/Class B holdings into Class A common stock and immediately sold those shares in open-market transactions between Aug 11–13, 2026. In total he sold 1,479,266 shares for aggregate proceeds of approximately $10,345,980. Reported weighted-average sale prices were about $6.99–$7.01 per share (individual sale blocks reported at weighted averages of $6.99, $7.00 and $7.01).

Key Details

• Transaction dates: Aug 11, 12 and 13, 2026. Sales were reported on Form 4 filed Aug 13, 2026 (timely filing).
• Shares sold: 1,479,266 total (breakdown: 1,420,222; 21,627; 14,692; 224; 22,163; 338).
• Total proceeds: ~$10,345,980. Reported per-share weighted averages: ~$6.99, $7.00 and $7.01. Footnotes show sale-price ranges of $6.9142–$7.0807, $7.00–$7.0245 and $7.00–$7.025 for the different blocks; the filer can provide per-price breakdown on request. (Footnote references F3–F6.)
• Conversions: Each sale followed conversion of derivative/Class B common stock into Class A common stock (conversion entries reported with $0 cash value). (See F1: Class B converts 1-for-1 to Class A under the charter.)
• Ownership after transaction: Not specified in the provided filing. The reporting person disclaims beneficial ownership of many of the shares held via entities (Index Growth III, Yucca co-investment vehicle) and reports a trust holding (The M. Volpi 2025 GRAT 2). (See F2, F4, F7.)
• Filing timeliness: Form 4 was filed Aug 13, 2026; transactions occurred Aug 11–13 — the filing appears timely (within the Form 4 filing window).

Context

• These events are conversions of derivative/Class B shares followed by immediate open-market sales (not purchases). Conversions show $0 cash because no sale/exercise payment was made on conversion itself.
• Many of the sold shares were held through investment vehicles and a GRAT; the filer disclaims Section 16 beneficial ownership of those fund-held shares except for any pecuniary interest, per the footnotes.
• Sales by insiders are often routine (liquidity or portfolio management). This report is factual; it does not indicate the insider’s motivations.