Aeva Technologies CTO Mina Rezk sells $248,536 in common stock

Aeva Technologies' Chief Technology Officer and Director, Mina Rezk, divested 28,173 shares of the company's common stock on November 5, 2026. The sale, executed to fulfill tax withholding obligations for time-based restricted stock unit awards, amounted to roughly $248,536, with each share traded at $8.8218. The insider transaction occurred as AEVA stock was trading at $11, an increase from the previous close of $9.19.

However, the company experienced a 19% decline over the past six months, and InvestingPro analysis suggests the stock is overvalued relative to its Fair Value. Following the sale, Rezk retains a total of 1,499,060 shares, with an additional 1,606,669 shares held indirectly by a trust. Meanwhile, Aeva Technologies disclosed its Q3 2026 financial results, where it reported a narrower-than-expected loss of 39 cents per share, surpassing analysts' expectations of a 43-cent loss.

Despite this positive earnings surprise, the company's revenue trailed investor expectations, reaching $6.7 million compared to the estimated $7.23 million. The firm acknowledged record quarterly revenue and a 50% sequential increase in product shipments. Even though the earnings report did not meet all forecasts, it did reveal some positive trends in Aeva's operations. This report was AI-generated and reviewed by an editor.