Director Michelangelo Volpi filed a Form 4 with the SEC on August 19, 2026, disclosing the conversion of Class B Common Stock and the subsequent sale of Class A Common Stock in Aurora Innovation, Inc. (NASDAQ:AUR) on August 17, 2026.

Key Highlights

  • Conversion and sale via Index Growth III: 2,800,043 shares of Class B Common Stock were converted to Class A Common Stock and then sold, reducing that indirect holding to 0 shares.
  • Conversion and sale via Yucca: 42,639 shares of Class B Common Stock were converted to Class A Common Stock and then sold, reducing that indirect holding to 0 shares.
  • Weighted average sale price: Both sales were executed at a weighted average price of $7.0038, with individual transaction prices ranging from $7.00 to $7.11, according to the filing.
  • Remaining indirect holding: Volpi retains indirect beneficial ownership of 943,067 shares of Class A Common Stock held by The M. Volpi 2025 GRAT 2, a grantor-retained annuity trust for which he is trustee and sole annuitant.
  • Remaining derivative positions: Following the transactions, 31,540,600 shares of Class B Common Stock remain held indirectly by Index Ventures Growth III (Jersey) L.P. and 480,295 shares by Yucca (Jersey) SLP.
  • Disclaimer of ownership: Volpi disclaims Section 16 beneficial ownership of securities held by Index Growth III and Yucca, except to the extent of any pecuniary interest, as stated in the filing.

Volpi's Indirect Share Conversions and Sales in Aurora Innovation

According to the filing, Michelangelo Volpi, a director of Aurora Innovation, Inc., reported transactions on August 17, 2026, involving the conversion of Class B Common Stock into Class A Common Stock and the immediate sale of those Class A shares. The transactions were conducted indirectly through two entities: Index Ventures Growth III (Jersey) L.P. ("Index Growth III") and Yucca (Jersey) SLP ("Yucca"). The filing notes that Class B Common Stock is convertible at any time at the option of the holder into Class A Common Stock on a one-for-one basis, subject to certain exceptions.

The filing states that 2,800,043 Class B shares held by Index Growth III were converted and then sold at a weighted average price of $7.0038, with sales occurring at prices ranging from $7.00 to $7.11. Similarly, 42,639 Class B shares held by Yucca were converted and sold at the same weighted average price and range. Both holdings were reduced to zero following these transactions. The filing discloses that Volpi is a retired partner within the Index Ventures group and that advisors within the Index Ventures group provide advice to Index Growth III. Volpi disclaims Section 16 beneficial ownership of the securities held through these entities, except to the extent of his pecuniary interest, if any.

Separately, the filing reports that Volpi retains indirect beneficial ownership of 943,067 shares of Class A Common Stock held by The M. Volpi 2025 GRAT 2, described as a grantor-retained annuity trust for which the reporting person is the trustee and sole annuitant. After the reported transactions, residual derivative positions remain: 31,540,600 Class B shares indirectly held through Index Growth III and 480,295 Class B shares through Yucca.

What Was Disclosed

The filing reported the conversion of 2,842,682 total Class B shares into Class A shares and their subsequent sale at a weighted average of $7.0038 per share, conducted indirectly through two Index Ventures-affiliated entities, with Volpi retaining a separate indirect holding of 943,067 Class A shares via a grantor-retained annuity trust.