Aptera Motors Co-CEO Steve Fambro sells $60,180 of stock
Aptera Motors Co-CEO Steve Fambro sold $60,180 worth of the company's Class B Common Stock across several transactions, following a tax obligation from the settlement of a vested restricted stock award. Aptera's stock has faced significant declines, falling 75% over the past year and dropping 12% in the last week alone. Despite these challenges, Fambro's insider transactions show he still holds 117,736 shares of Class B Common Stock, including unvested restricted stock units.
Aptera Motors has also taken steps to strengthen its governance, appointing Wellington J. Reiter as an independent director and adding him to the audit committee.
Brief written by urgent.news from Investing.com's own syndicated text. Machine-written — may contain errors; check the original before relying on it.