CTO Mina Rezk sells 350,000 shares for $8.6M via 10b5-1 plan; stock down 39.5% from 52-week high.
Mina Rezk, Chief Technology Officer, executed three separate sales totaling 350,000 shares (350.0K shares) for $8,597,992.23 ($8.6M) at blended average price $24.57 on 2026-06-16 under a pre-arranged 10b5-1 trading plan. The transaction reduces her holdings from 2,056,669 shares to 1,706,669 shares, a net decrease of 17.0%. The stock currently trades at $23.49, down 39.5% from its 52-week high of $38.80 and down significantly from the transaction prices ($24.37–$26.11 per share). Fundamentals show the company remains unprofitable with net income of $-34,979,000.00 ($-35.0M) in the latest period, though annual revenue growth stands at 99.4%. As this sale is part of a scheduled 10b5-1 plan, it reflects a predetermined execution rather than a discretionary market signal. Her prior same-ticker sales at AEVA show mixed outcomes: January 2026 sales produced negative 30-day returns (−34.2%), while November 2025 sales registered modest positive short-term returns (10.5% and 14.8% at 30 days).