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Aeva Technologies CTO Rezk Mina Sells 168,502 Shares at $13.39 Each.
ByAinvest
Monday, Aug 11, 2025 8:10 pm ET1min read
Aeva Technologies, Inc. (AEVA) has disclosed that Director and Chief Technology Officer, Rezk Mina, recently sold 168,502 shares at $13.39 per share on August 11, 2025, and an additional 81,498 shares at $13.66 per share on the same date.
Aeva Technologies, Inc. (AEVAW) has recently disclosed significant insider selling activity and updates to its corporate governance. On August 11, 2025, Director and Chief Technology Officer Mina Rezk sold a total of 250,000 shares, with two separate transactions. The first sale involved 168,502 shares at $13.39 per share, while the second sale comprised 81,498 shares at $13.66 per share. These transactions were executed in compliance with Rule 10b5-1 and Rule 144 trading procedures [1].The aggregate market value of the proposed sale is $3,295,000, representing approximately 0.44% of the 56,328,000 shares outstanding. This sale follows a prior 10b5-1 sale of 250,000 shares on May 19, 2025, which generated $3,924,787.50 in gross proceeds [1].
Additionally, an amendment to Schedule 13D has been filed, updating the insider ownership of Aeva Technologies, Inc. (AEVAW) by Mina Rezk as of July 31, 2025. The filing shows that Rezk's beneficial ownership comprises 5,040,888 common shares, or 8.7% of the outstanding class. Recent transactions include the sale of 69,901 shares on July 7, 2025, and the gifting of 1,000,000 shares to two unaffiliated individuals on July 31, 2025 [2].
The ownership decline is attributed to a dispute over 3,560,000 shares previously pledged by affiliate EAD Group LLC to secure a loan. These shares may have been sold before June 2025, reducing Rezk's reportable stake. Rezk retains sole voting and dispositive power over the reported shares and confirms the absence of any criminal or civil proceedings. No additional changes in purpose or corporate strategy are disclosed [2].
These disclosures highlight Aeva Technologies' commitment to transparency and compliance with regulatory requirements. However, the insider selling activity may raise concerns among some investors regarding potential insider information or market sentiment.
References:
[1] https://www.stocktitan.net/sec-filings/AEVAW/144-aeva-technologies-inc-warrants-sec-filing-4b1d94b6a10a.html
[2] https://www.stocktitan.net/sec-filings/AEVAW/schedule-13d-a-aeva-technologies-inc-warrants-sec-filing-58850d2fd317.html
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