Sean Donovan, Chief Operating Officer of BETA Technologies, Inc., filed a Form 4 on November 13, 2026, reporting multiple transactions in Class A common stock between November 10 and November 11, 2026, including an option exercise, PSU vesting, tax withholding, and open-market sales under a pre-established 10b5-1 plan.

Key Highlights

  • Option exercise: Donovan exercised 78,169 employee stock options on November 10, 2026, at an exercise price of $0.9403 per share, paying in cash according to the filing.
  • PSU settlement: 33,467 shares of Class A common stock were received on November 10, 2026, upon vesting of performance-based restricted stock units awarded October 10, 2026, at $0 cost to the reporting person.
  • Tax withholding: 23,692 shares were withheld by the issuer on November 10, 2026, at $28.09 per share to satisfy tax obligations related to PSU and RSU settlements.
  • Planned sales: 16,483 shares were sold on November 10, 2026, at a weighted average price of $28.0084 (range $27.60 to $28.63), and 6,684 shares were sold on November 11, 2026, at $28.3803 per share, both under a 10b5-1 plan adopted June 29, 2026.
  • Remaining beneficial ownership: Following all reported transactions, Donovan directly held 240,972 shares of Class A common stock.
  • Remaining options: 78,170 employee stock options remain beneficially owned following the reported exercise, with an expiration date of March 3, 2029.

COO Sean Donovan's November 2026 Transactions at BETA Technologies

According to the Form 4 filed with the SEC on November 13, 2026, Sean Donovan, identified as Chief Operating Officer of BETA Technologies, Inc. (NASDAQ:BETA), reported five separate transactions in Class A common stock on November 10 and November 11, 2026. The filing indicates the transactions were marked pursuant to a contract, instruction, or written plan satisfying Rule 10b5-1(c) conditions.

On November 10, 2026, Donovan exercised 78,169 fully vested employee stock options at an exercise price of $0.9403 per share, with the filing noting the exercise price was "fully paid by the Reporting Person in cash." On the same date, 33,467 shares were acquired at no cost upon the vesting and settlement of performance-based restricted stock units (PSUs) originally awarded on October 10, 2026, which vested based on the issuer's satisfaction of certain performance criteria, as the filing states. The issuer then withheld 23,692 shares at $28.09 per share "at the Issuer's sole option, to satisfy tax withholding obligations" connected to the PSU and RSU settlements.

Also on November 10, 2026, Donovan sold 16,483 shares at a weighted average price of $28.0084, with the filing disclosing that individual sale prices ranged from $27.60 to $28.63. On November 11, 2026, an additional 6,684 shares were sold at $28.3803 per share. Both sales were reported as made pursuant to a 10b5-1 plan adopted on June 29, 2026. After all transactions, Donovan's direct beneficial ownership in Class A common stock stood at 240,972 shares, with 78,170 employee stock options remaining.

What Was Disclosed

The filing disclosed an option exercise, a PSU vesting event, a tax withholding transaction, and two open-market sales by BETA Technologies' COO Sean Donovan between November 10 and November 11, 2026, resulting in direct ownership of 240,972 Class A shares.