Aptera (SEV) Director Reiter Wellington Jay Receives RSU Award

What Happened

• Reiter Wellington Jay, a director of Aptera Motors Corp (ticker SEV), was granted 210,045 restricted stock units (RSUs) on August 11, 2026. The RSUs were reported at $0.00 per unit (no cash paid on grant). A portion—27,397 RSUs—vested immediately on the grant date; the rest vest in annual installments through August 11, 2030. Each RSU represents a right to receive one share of the issuer's Class B common stock upon satisfaction of the applicable service-based vesting conditions.

Key Details

• Transaction date: August 11, 2026; Form 4 filed August 13, 2026 (filed two days after the grant).
• Grant size and price: 210,045 RSUs at $0.00, total reported acquisition value $0.
• Vesting schedule (per footnote): 27,397 RSUs vested Aug 11, 2026; 45,662 RSUs vest on each of Aug 11, 2027, 2028, 2029, and 2030.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Plan: Issued under the Issuer's 2025 Omnibus Equity Incentive Plan.
• No indication of a 10b5-1 plan, tax withholding, or late filing in the supplied details.

Context

• RSU grants are a form of compensation that convert into shares only after vesting and are different from open-market purchases or sales; they do not represent immediate cash investment by the director. The immediate vesting of 27,397 RSUs means those units met their service/vesting condition on grant date; remaining units depend on continued service through future vesting dates. For retail investors, awards signal management compensation alignment with shareholders but are not the same signal as insiders buying stock with personal funds.