Aptera Motors director Todd Butz sells $32,940 in company stock

Director Todd Butz of Aptera Motors sold 15,761 shares of the company's Class B Common Stock on August 7, 2026, at $2.09 per share, totaling $32,940. This transaction was made to cover a tax obligation from the settlement of a vested restricted stock award. Since the sale, Aptera's stock has declined to $1.45, down approximately 31% from the sale price and 75% over the past year.

The sale has increased Butz's direct holdings to 57,307 shares, including 57,307 unvested restricted stock units. Analysts suggest the stock may be undervalued, with a Fair Value of $1.61, but note that Aptera is burning through cash and remains unprofitable. Additionally, Aptera Motors expanded its board of directors, appointing Wellington J. Reiter as an independent director with a significant equity grant.

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