Aeva Technologies CEO Soroush Salehian Dardashti sold 305,099 shares for approximately $7.34 million on August 10 and 11. CTO Mina Rezk sold 100,000 shares for about $2.4 million on August 10. Both executives conducted these sales under pre-arranged Rule 10b5-1 trading plans.
The company’s stock has gained 82% over the past year. Aeva recently reported a smaller-than-expected loss for the second quarter. Management also announced a new initiative focused on optical connectivity for AI data centers.
Recent SEC filings show Dardashti still beneficially owns more than 2.75 million shares. Rezk continues to directly own over 1.5 million shares following the transactions.