AVAV: Leadership change · Company disclosure

Item 5.02 Departure of Directors or Certain Officers; Election of Directors. On June 24, 2026, upon the recommendation of the Nominating and Corporate Governance Committee of the Board of Directors (the “Board”) of AeroVironment, Inc. (the “Company”), the Board (i) appointed William J. Lynn, III to the Board as a Class I director, effective immediately and (ii) decreased the size of the board from ten (10) to nine (9) directors. The terms of the Company’s Class I directors, including Mr. Lynn, expire at the Company’s 2026 Annual Meeting of Stockholders or upon the election and qualification of successor directors. There are no arrangements or understandings between Mr. Lynn and any other person pursuant to which he was selected as a director. Mr. Lynn has no family relationship with any director or executive officer of the Company and he has no direct or indirect material interest in any transaction involving the Company required to be disclosed under Item 404(a) of Regulation S-K. Mr. Lynn’s compensation for his Board service will be consistent with that provided to all of the Company’s non-employee directors as disclosed and updated in the Company’s proxy disclosures annually. In addition, the Company entered into an indemnification agreement with Mr. Lynn in connection with his appointment to the Board, in substantially the same form as entered into with the Company’s other directors, available as Exhibit 10.1 in the Company’s Annual Report on Form 10-K for the year ended April 30, 2025. Item 7.01. Regulation FD Disclosure On June 25, 2026, the Company issued a press release regarding Mr. Lynn’s appointment to the Board, a copy of which is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated by reference herein. The information in this Item 7.