Maday David 4

What Happened

• David Maday, Chief Financial Officer of Aurora Innovation, was granted 655,380 restricted stock units (RSUs) on March 23, 2026. The grant price is reported as $0.00 (transaction code A = award/grant). Each RSU represents a contingent right to one share of the company's Class A common stock.

Key Details

• Transaction date: 2026-03-23; Form 4 filed: 2026-03-30 (filed 7 days after the transaction).
• Amount: 655,380 RSUs; reported acquisition price: $0.00.
• Vesting: 1/16 of the RSUs will vest on each quarterly vesting date following February 20, 2026 (rounding down to the nearest whole share) — effectively 16 quarters (about four years) to full vesting, subject to continued service. (Footnote F1)
• Beneficial ownership note: the reporting person is a trustee of a trust and may be deemed a beneficial owner of the securities held by that trust. (Footnote F2)
• Shares owned after transaction: not specified in the filing.
• Timeliness: Filing appears later than the two-business-day Form 4 requirement (transaction 3/23, filed 3/30).

Context

• RSU grants are compensatory awards that convert into shares only as they vest; they do not represent immediately sellable stock. This grant increases potential future share issuance as units vest over time and does not by itself indicate buying or selling intent.