Welcome to our dedicated page for Aptera Motors SEC filings (Ticker: SEV), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Aptera Motors Corp. filings document its solar mobility business, public-company capital structure and material corporate events. Securities Act registration statements describe Class B common stock, warrants, selling-stockholder resale mechanics, emerging growth company and smaller reporting company status, risk factors and use-of-proceeds disclosures tied to product validation and manufacturing readiness.
Aptera's 8-K filings cover operating and financial results, Regulation FD disclosures, validation assembly line updates, material agreements, equity issuances and litigation-resolution disclosures. The filing record also documents liquidity and capital resources, warrant terms, unregistered securities transactions and governance matters for the company's solar electric vehicle development model.
Fambro Steve reported acquisition or exercise transactions in this Form 4 filing.
Aptera Motors Corp director and Co-CEO Steve Fambro reported an amended insider filing reflecting an equity compensation grant. On April 15, 2026, he was granted 144,343 restricted stock units (RSUs), each representing one share of Class B common stock, at no cash cost.
The amendment corrects an earlier error in the number of securities reported. These RSUs vest in four equal 25% installments on April 30, 2026, July 31, 2026, October 31, 2026, and December 31, 2026, contingent on his continued service. After this grant, his reported direct Class B holdings total 145,869 shares, including the unvested RSUs.
Anthony Christopher Lee reported acquisition or exercise transactions in this Form 4 filing.
Aptera Motors Corp Co-CEO Anthony Christopher Lee reported an equity grant of 144,343 RSUs. On April 15, 2026, he was awarded 144,343 restricted stock units under the company’s 2025 Omnibus Equity Incentive Plan at no cash cost per unit.
Each RSU represents a right to receive one share of Aptera’s Class B common stock, contingent on his continued service. The award vests in four equal installments of 25% on April 30, 2026, July 31, 2026, October 31, 2026 and December 31, 2026. Following this grant, Lee directly holds 145,897 shares, including these unvested RSUs.
This Form 4/A is an amendment correcting an earlier filing that had inadvertently reported an incorrect number of granted securities.
Polar Asset Management Partners Inc. reports beneficial ownership of 2,250,000 shares of Class B Common Stock of Aptera Motors Corp, representing 8.4% of the class, held through warrants exercisable into Class B common stock. The filing states Class B common stock does not carry voting rights.
The ownership is reported by Polar as investment advisor to Polar Multi-Strategy Master Fund; the reporting person asserts sole dispositive power over 2,250,000 shares issuable upon exercise of warrants.
Aptera Motors Corp. reported a Q1 2026 net loss of $10.2 million with no revenue as it continues developing its solar electric vehicle. Operating expenses were $10.3 million, driven by research and development and stock-based compensation.
Cash and cash equivalents rose to $17.7 million from $9.6 million, mainly from a January public offering and warrant exercises that together provided $17.1 million in gross proceeds. Total assets were $39.0 million and liabilities $9.3 million, leaving equity of $29.6 million.
The company’s baseline cash burn is about $1.7–$2.0 million per month, and management states existing cash is not sufficient for the next 12 months, raising substantial doubt about its ability to continue as a going concern. Aptera estimates it needs an additional $45–$50 million to fund low‑volume production at its Carlsbad facility and a further $140–$160 million to reach high‑volume output. It has a $75 million equity line of credit with $72 million remaining and approximately 5.2 million warrants exercisable for up to $17.5 million in potential proceeds. The company also settled litigation with Zaptera for about $0.6 million and continues to respond to an ongoing SEC investigation via subpoena.
Aptera Motors Corp. reported a Q1 2026 GAAP net loss of $10.2M, slightly better than the $10.9M loss a year earlier, while its non-GAAP adjusted net loss widened to $6.2M from $4.8M. GAAP net loss per share improved to $0.32 from $0.46, and adjusted net loss per share was $0.19, roughly flat year over year.
Operating expenses declined to $10.3M, and Aptera ended the quarter with $17.7M in cash and equivalents after raising about $17.1M through a follow-on offering and warrant exercises. The company grew headcount to 57 employees, advanced validation builds with its first five vehicles off the line, reported roughly 49,000 reservation holders, and resolved its Zaptera litigation via a non-cash settlement.
Aptera Motors Corp. announced that five validation vehicles have been driven off its newly established low-volume validation assembly line in Carlsbad, California. Technicians build each vehicle through 14 stations using processes designed to scale into higher-volume production.
The company states that running multiple vehicles through the line helps validate both the vehicles and the production system by improving cycle times, refining workflows, and enhancing consistency. Executives describe this as an important step toward future customer deliveries for its solar electric vehicle, supported by nearly 50,000 reservations on record.
Aptera Motors Corp. registers 4,751,250 shares of Class B common stock issuable upon exercise of outstanding warrants for resale by the selling stockholders. The Warrants were issued on March 12, 2026, have an exercise price of $3.50, are exercisable immediately and expire five years after issuance. The prospectus states the Company will receive no proceeds from secondary resales, but will receive cash proceeds if Warrants are exercised for cash. The registration covers resale mechanics, selling holders (including beneficial ownership limits of 4.99% and 9.99%), and discloses 24,570,241 shares outstanding as of March 31, 2026.
Aptera Motors Corp major shareholder Michael Johnson, through Michael Johnson Properties, Ltd., executed an open-market sale of Class B Common Stock. The entity sold 48,500 shares at an average price of $3.0919 per share and now holds 4,976,276 shares indirectly.
Aptera Motors Corp granted its Interim CFO, Thomas James DaPolito, an employee stock option award. The grant covers 82,663 options for Class B Common Stock at an exercise price of $3.27 per share. According to the grant terms, all 82,663 underlying shares vest immediately as of the April 15, 2026 grant date. Following this award, DaPolito holds derivative securities representing 82,663 shares, with the option scheduled to expire on April 14, 2036.