Nawabi Wahid 4

4 · AeroVironment Inc · Filed Jun 30, 2026

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Updated Jun 30, 2026

AeroVironment (AVAV) CEO Nawabi Wahid Receives PRSUs, Sells Shares for Taxes

What Happened

Nawabi Wahid, Chair, President & CEO and Director of AeroVironment (AVAV), had performance-based restricted stock units (PRSUs) convert into common shares on 2026-06-29. Two conversion entries show 57,672 and 23,069 shares acquired (total 80,741 shares) at $0.00 (PRSU conversion).
To satisfy tax withholding obligations on the vested PRSUs, 28,265 shares were tendered/disposed at $139.00 per share, producing proceeds of $3,928,835 (net settlement). After the tax withholding, the reporting shows a net increase of 52,476 shares (80,741 acquired − 28,265 tendered).

Key Details

Transaction date: 2026-06-29 (Form 4 filed 2026-06-30; appears timely).
Acquisitions: 57,672 shares and 23,069 shares via conversion of PRSUs (derivative exercise/conversion, code M) at $0.00.
Disposition: 28,265 shares tendered for tax withholding (code F) at $139.00, total $3,928,835.
Net shares added: 52,476 (80,741 converted − 28,265 withheld).
Shares owned after transaction: not stated in the provided data.
Relevant footnotes:
- F1–F4: These were Performance Restricted Stock Units that vested based on achievement of pre-set performance metrics over the 3-year period May 1, 2023–Apr 30, 2026 and converted into shares upon Compensation Committee certification.
- F2 indicates the disposition was a net settlement (shares tendered to cover tax withholding), not an open-market sale.

Context

These were not open-market purchases or opportunistic sales; the conversions reflect vested, performance-based awards, and the share disposition was to satisfy tax obligations via net settlement (common practice on vesting).
Transaction codes: M = exercise/conversion of derivative (PRSUs converting to stock); F = tax withholding via share tender.
Such vesting and net-settlement tax withholding are routine compensation events and do not by themselves indicate the insider’s view of the company’s stock beyond the fact of receiving performance-based shares.

Form 4

Period: 2026-06-29

DirectorChair, President and CEO

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-06-29+57,672→ 179,905 total
Tax Payment
Common Stock
[F2]
2026-06-29$139.00/sh−28,265$3,928,835→ 151,640 total
Exercise/Conversion
Performance Restricted Stock Awards
[F1][F3][F4]
2026-06-29+23,069→ 0 total
Exercise: $0.00From: 2026-06-29Exp: 2026-06-29→ Common Stock (23,069 underlying)

Footnotes (4)

[F1]Each Performance Restricted Stock Unit (PRSU) represents the contingent right to receive, following vesting, shares of the issuer's common stock. The resulting number of shares of the issuer's common stock acquired upon vesting of the PRSUs is contingent upon the achievement of pre-established performance metrics, as approved by the Company's Compensation Committee, over a three-year performance period beginning on May 1, 2023 and ending on April 30, 2026. The target number of units subject to the award is presented in the table. The number of units that vest may be 0% to 250% of the target number of units, depending on performance.
[F2]Disposition made pursuant to a net settlement whereby shares of stock were tendered to satisfy tax withholding obligations arising in the conjunction with the vesting of previously issued Performance Restricted Stock Units.
[F3]Unless earlier forfeited under the terms of the PRSU, each PRSU vests and converts into shares of the issuer's common stock upon certification by the Company's Compensation Committee of the achievement of the performance metrics of the PRSUs (the "Certification Date").
[F4]Upon conversion of the PRSUs, the Reporting Person received 57,672 shares of common stock.

Signature

Colby Petersen, attorney-in-fact|2026-06-30

1 file