Votel Joseph L. 4

What Happened
Joseph L. Votel, a director of AeroVironment, was granted a total of 1,308 restricted shares of common stock on July 2, 2026 (two awards: 1,047 and 261 shares). The Form 4 reports the acquisition price as $0.00 per share (compensation awards), so this is an award/grant (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: July 2, 2026; Form 4 filed July 6, 2026 (appears timely under the two-business-day rule).
• Grants: 1,047 shares (F1) and 261 shares (F2) — total 1,308 restricted shares; reported acquisition price $0.00.
• Vesting: Both grants vest in full on July 11, 2027, subject to continued service; if service terminates before vesting, a prorated portion vests immediately (see F1 and F2). F2 is noted as a special grant for additional director services performed during the prior fiscal year.
• Shares owned after the transaction: Not specified in this Form 4.
• Transaction code: A = Award/Grant (compensation).

Context
Restricted-share awards to directors are routine compensation and do not represent an open-market buy or sell. These grants lock up the shares until the stated vesting date and are intended as compensation for service (F2 explicitly notes additional director services).