Form 8-K
8-K — Aptera Motors Corp
Accession: 0001493152-26-037987
Filed: 2026-08-14
Period: 2026-08-11
CIK: 0001786471
SIC: 3711 (MOTOR VEHICLES & PASSENGER CAR BODIES)
Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
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UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): August 11, 2026
APTERA
MOTORS CORP.
(Exact
name of Registrant as Specified in Its Charter)
Delaware
001-42884
83-4079594
(State or Other Jurisdiction
of Incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
5818
El Camino Real
Carlsbad,
California
92008
(Address
of Principal Executive Offices)
(Zip
Code)
Registrant’s Telephone Number, Including Area Code: (858) 371-3151
Not Applicable
(Former
Name or Former Address, if Changed Since Last Report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
☐ Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities
registered pursuant to Section 12(b) of the Act:
Title of each class
Trading
Symbol(s)
Name of each exchange on which registered
Class
B Common Stock, par value $0.0001 per share
SEV
Nasdaq
Capital Market
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging
growth company ☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
On
August 11, 2026, the board of directors (the “Board”) of Aptera Motors Corp., a Delaware corporation (the “Company”),
increased the size of the Board from four to five members and appointed Mr. Wellington J. Reiter to serve as an independent director
to fill the resulting vacancy, effective as of August 11, 2026. In addition, Mr. Reiter was appointed to serve as a member of the
Audit Committee of the Board (“Audit Committee”), effective as of August 11, 2026.
In
connection with his appointment, Mr. Reiter was granted an aggregate of 210,045 restricted stock units (“RSUs”) under the
Company’s 2025 Omnibus Equity Incentive Plan, consisting of: (i) an annual Board service retainer of 22,831 RSUs, valued at $50,000,
which were fully vested upon issuance, (ii) an aggregate committee membership retainer, in connection with Mr. Reiter’s membership
on the Audit Committee, of 4,566 RSUs, valued at $10,000, which were fully vested upon issuance, and (iii) a long-term incentive grant
of 182,648 RSUs, valued at $400,000, to vest over a four-year period, with 25% of the total RSUs vesting upon the completion of each
full year of service on the Board through each applicable vesting date.
There
are no arrangements or understandings between Mr. Reiter and any other persons pursuant to which Mr. Reiter was selected as a director.
There are no transactions in which Mr. Reiter has an interest requiring disclosure under Item 404(a) of Regulation S-K.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Dated:
August 14, 2026
APTERA
MOTORS CORP.
By:
/s/
Tom DaPolito
Name:
Tom
DaPolito
Title:
Interim
Chief Financial Officer
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APTERA
MOTORS CORP.
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Entity Incorporation, State or Country Code
DE
Entity Address, Address Line One
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