Fambro Steve 4

What Happened
Steve Fambro, a reported 10% owner of Aptera Motors Corp (SEV), was granted 157,334 restricted stock units (RSUs) on April 15, 2026. The RSUs were awarded at $0.00 (no cash paid) and each RSU represents the right to one share of Class B common stock, subject to vesting.

Key Details

• Transaction type: Award/Grant (Form 4 code A).
• Date of grant: 2026-04-15; Form 4 filed 2026-04-17 (timely).
• Shares granted: 157,334 RSUs; acquisition price reported as $0.00.
• Vesting: 25% vests on each of Apr 30, 2026; Jul 31, 2026; Oct 31, 2026; Dec 31, 2026, contingent on continuous service (see footnotes).
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes: F1 details the RSU grant and vesting schedule; F2 notes the amount reported comprises unvested RSUs under that schedule.
• Reporting status: Reporting person is a 10% owner (special reporting threshold), not necessarily an executive trade.

Context
This is a compensation-style award (RSUs) rather than an open-market purchase or sale. RSUs have no immediate cash value until they vest and convert to shares; they are commonly used to retain and incentivize key holders. As a 10% owner, Fambro's holdings trigger specific disclosure rules, but the grant itself does not by itself indicate market sentiment.