Soroush Salehian Dardashti, serving as the Chief Executive Officer of Aeva Technologies, Inc. (NASDAQ:AEVA), has executed a significant divestment of company equity. On June 16, 2026, Mr. Dardashti sold a total of 275,349 shares of Aeva Technologies common stock. The total value of these transactions amounted to approximately $6,764,660. The execution of these sales was automated and conducted pursuant to a Rule 10b5-1 trading plan, a standard mechanism designed to facilitate compliant insider trading. The shares were liquidated at prices ranging from $24.3435 to $27.09 per share.
This transaction activity follows a period of substantial market performance for Aeva Technologies. The stock has experienced a 77% surge over the past six months. Despite this appreciation, the current share price remains significantly below the company's 52-week high of $38.80. Market analysis provided by InvestingPro suggests that Aeva Technologies is currently trading above its calculated Fair Value. This positioning places the equity among a segment of overvalued stocks within the broader market.
Transaction Breakdown and Holdings
The divestment was structured across both direct and indirect sales channels. Mr. Dardashti directly sold 225,349 shares. These direct transactions were executed in multiple tranches. The first tranche involved 176,225 shares sold at a weighted average price of $24.3435, with individual transaction prices ranging from $23.87 to $24.86. A subsequent block of 45,113 shares was sold at a weighted average price of $25.2386, with prices ranging from $24.87 to $25.86. Further direct sales included 901 shares at a weighted average price of $26.093, with prices ranging from $26.02 to $26.205. The final direct tranche consisted of 3,110 shares sold at a fixed price of $27.09.
Separately, Mr. Dardashti facilitated the indirect sale of 50,000 shares through a trust structure. These indirect transactions mirrored the pricing tiers of the direct sales. This group included 39,101 shares sold at a weighted average price of $24.3435 (prices ranging from $23.87 to $24.865), 10,010 shares at a weighted average price of $25.2386 (prices ranging from $24.87 to $25.86), 199 shares at a weighted average price of $26.0931 (prices ranging from $26.02 to $26.205), and 690 shares at a price of $27.09.
Following the completion of these sales, Mr. Dardashti maintains a substantial ownership position in the company. He directly holds 1,659,957 shares of Aeva Technologies common stock. Additionally, he indirectly holds 1,470,808 shares through a trust. Market data indicates that the stock exhibits high price volatility, characterized by a beta of 2.41. This volatility metric suggests that the equity's price movements are significantly more sensitive to market fluctuations compared to the broader market average.
Corporate Capital and Strategic Developments
Concurrent with the insider trading activity, Aeva Technologies has been engaged in substantial capital raising and strategic expansion. The company recently completed a follow-on public offering, which generated $115 million in gross proceeds. This offering involved the sale of over 5 million shares at a price of $22.25 per share. The total volume was augmented by additional shares issued after underwriters exercised their option to purchase more equity.
Looking forward, Aeva has announced a proposed public offering of common stock valued at $100 million. This proposal includes plans to grant underwriters a 30-day option to purchase up to an additional $15 million in shares. These financial maneuvers are designed to bolster the company's financial resources as it continues to scale its operations.
In terms of strategic partnerships, Aeva has entered into a collaboration with Bendix Commercial Vehicle Systems. The partnership focuses on developing a LiDAR-based safety solution specifically for Class 8 trucks. This initiative involves integrating Aeva's 4D LiDAR sensors into Bendix's existing collision mitigation systems. Furthermore, Aeva is preparing to showcase its CityOS platform at the upcoming ITS America Conference & Expo. The demonstration will highlight the platform's capabilities in traffic monitoring through live presentations. These activities underscore the company's efforts to expand its technological offerings and secure market presence in the commercial vehicle and urban infrastructure sectors.