Maday David 4
Research Summary
AI-generated summary
Aurora (AUR) CFO David Maday Sells 54,412 Shares (Tax Withholding)
What Happened
- David Maday, Chief Financial Officer of Aurora Innovation (AUR), had 54,412 shares of Class A common stock withheld by the issuer to cover his tax withholding obligation related to quarterly vesting of restricted stock units (RSUs). The withholding was recorded at $6.94 per share, totaling $377,619. This is a tax-withholding/cashless event rather than an open-market sale.
Key Details
- Transaction date: 2026-05-20; Form 4 filed: 2026-05-22 (filed within the usual 2-business-day window).
- Price: $6.94 per share; Total value: $377,619.
- Shares withheld breakdown (per footnote F1): 13,626 (6/14/2023 grant), 7,786 (3/8/2024), 15,141 (3/24/2025), 17,859 (3/23/2026) — total 54,412.
- Transaction code: F (tax withholding / payment of exercise price or tax liability).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnote F2: The reporting person is a trustee of a trust and may be deemed a beneficial owner of securities held by that trust.
Context
- This was a routine tax-withholding event tied to RSU vesting (issuer withheld shares to satisfy tax obligations). Such withholding is common and does not necessarily signal an insider's view on the company's stock price, unlike open-market purchases or voluntary sales.