Aeva Technologies' CEO Sold 488,000 Shares Worth $6.3 Million

Core Insights - Aeva Technologies, a LiDAR-on-chip innovator, reported a significant insider sale by CEO Soroush Salehian Dardashti, who sold 488,160 shares for approximately $6.3 million on January 2, 2026 [1][4] - The sale represents Dardashti's largest single direct sale to date, exceeding his historical median sell size and indicating a high cadence of selling activity [7] Transaction Summary - Shares sold directly: 488,160 [2] - Total transaction value: $6.3 million [2] - Post-transaction direct shares: 1,831,199 [2] - Post-transaction indirect shares: 1,884,808 [2] - Post-transaction value of direct ownership: approximately $23.35 million [2] Company Overview - Aeva Technologies reported a trailing twelve months (TTM) revenue of $15.15 million and a net income loss of $156.26 million [5] - The stock price as of January 2, 2026, was $12.96, with a one-year price change of 342.54% [5] Company Snapshot - Aeva develops 4D LiDAR-on-chip products utilizing frequency modulated continuous wave (FMCW) sensing technology, serving various applications including automated driving and consumer electronics [6][8] Market Impact - Following Dardashti's sale, Aeva's stock price increased significantly, attributed to a deal with Nvidia for integrating Aeva's technology into the NVIDIA DRIVE Hyperion autonomous vehicle platform [11][12] - The stock price rose by 56% since the sale date, indicating strong market performance [9] Ownership Changes - Dardashti's sale reduced his direct holdings from 2,319,359 to 1,831,199 shares, while his indirect holdings remained unchanged [7] - The sale reflects a narrowing pool of shares available for future dispositions, as Dardashti's total holdings have declined by 64.88% since March 2025 [4]