AeroVironment Announces Establishment of 10b5-1 Trading Plan by Chairman
Rule 10b5-1 allows corporate officers and directors to adopt written, pre-arranged stock trading plans when they do not have material, non-public information. Using these plans, insiders can diversify their investment portfolios, can spread stock trades out over an extended period of time to reduce market impact and can avoid concerns about whether they had material, non-public information when they sold their stock.
Under the Rule 10b5-1 Plan, the Trust may sell up to 190,000 shares over
a period of approximately twelve months. If the Trust completes all the
planned sales under the Rule 10b5-1 Plan,
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