Aptera Motors Corp: director Butz Todd M sold 15,761 shares

What happened Butz Todd M, a director, sold 15,761 shares in an open market or private sale on Aug 7, 2026 at $2.09 per share for $32,940.

Key details

• Transaction date and price: Aug 7, 2026 at $2.09 per share; sale code S (open market or private sale).
• Shares owned after the transaction: not reported in the filing.
• Relevant footnotes from the filing:
  • F1: sale reflects the amount of Class B common shares sold to cover a tax obligation resulting from the settlement of a vested restricted stock award.
  • F2: the filing notes 57,307 unvested restricted stock units subject to the grant's vesting schedule as previously reported.
  • F3: the reporting person previously reported awards of restricted stock units in Table II; the total reported includes the 57,307 restricted stock units previously reported.
• Filing timeliness: Form 4 filed Oct 16, 2026 for a transaction on Aug 7, 2026; the filing was late.

Why it may matter The filing indicates the shares were sold to cover a tax obligation from the settlement of a vested restricted stock award (see F1). A filing does not show why the insider traded or why the company acted.