Brown Melissa Ann 4

What Happened

• Melissa Ann Brown, AeroVironment's EVP and Chief Legal Officer, had performance-based awards convert into common stock and also converted additional derivative awards on June 29, 2026. The Form 4 shows acquisitions of 9,175 shares (conversion of PRSUs) and 3,670 shares (derivative conversion), a total of 12,845 shares acquired at a $0.00 exercise price. To satisfy withholding taxes on the vesting, 3,590 shares were tendered (disposed) at $139.00 per share, for a tax-withholding value of $499,010.
• These transactions reflect award vesting and associated tax withholding (not an open-market sale by the insider).

Key Details

• Transaction date: 2026-06-29; Form 4 filed 2026-06-30 (filed next day).
• Acquisitions: 9,175 shares (PRSU conversion) and 3,670 shares (derivative conversion), exercise price $0.00.
• Disposition (tax withholding): 3,590 shares tendered at $139.00 each = $499,010.
• Shares owned after the transaction: not specified in this Form 4.
• Notable footnotes: PRSUs vest contingent on performance over May 1, 2023–April 30, 2026 (0%–250% payout range); the disposition was a net settlement to satisfy tax withholding arising from PRSU vesting (routine).
• Filing timeliness: appears timely (filed one day after the transaction).

Context

• These were award conversions (performance restricted stock units and a derivative conversion) rather than open-market purchases or discretionary sales. The tender of shares was a tax-withholding/net-settlement action common when equity awards vest; it does not necessarily signal the insider’s market view.
• For retail investors: award vesting can increase insider-held shares, but because part of the award was withheld for taxes, there was not a full net increase equal to the gross vested amount.