Aptera Motors Corp: 10% owner Steve Fambro sold 28,133 shares

What happened Steve Fambro, a 10% owner, sold a total of 28,133 shares in four open-market transactions: 7,647 shares at $2.45 on May 28, 2026 for $18,735; 7,975 shares at $2.33 on May 29, 2026 for $18,582; 6,517 shares at $1.77 on Aug 3, 2026 for $11,535; and 5,994 shares at $1.89 on Aug 4, 2026 for $11,329. The Form 4 was filed on Oct 16, 2026.

Key details

• Transaction dates and prices: May 28, 2026 — 7,647 shares at $2.45 ($18,735); May 29, 2026 — 7,975 shares at $2.33 ($18,582); Aug 3, 2026 — 6,517 shares at $1.77 ($11,535); Aug 4, 2026 — 5,994 shares at $1.89 ($11,329).
• Shares owned after the transactions: not stated in the provided filing excerpt.
• Relevant footnotes: F1 reflects shares sold to cover a tax obligation from the settlement of a vested restricted stock award; F2 notes 108,258 unvested restricted stock units included as previously reported; F3 notes 72,173 unvested restricted stock units included as previously reported.
• Filing timing: the Form 4 was filed on Oct 16, 2026, after the transaction dates (May 28–Aug 4, 2026).

Why it may matter

• The filing reports ordinary open-market sales (transaction code S); it does not report an option exercise or a gift.
• F1 indicates part of the sale was to cover a tax obligation tied to vested restricted stock.
• Fambro is a 10% owner, a large holder rather than an executive officer.
• The filing does not show why the insider traded or why the company acted.