Form 8-K

8-K — Aptera Motors Corp

Accession: 0001493152-26-047848

Filed: 2026-10-21

Period: 2026-10-16

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

Item: Financial Statements and Exhibits

Documents

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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): October 16, 2026

APTERA

MOTORS CORP.

(Exact

name of Registrant as Specified in Its Charter)

Delaware

001-42884

83-4079594

(State or Other Jurisdiction

(Commission

(IRS Employer

of Incorporation)

File Number)

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 ☒

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.

The

Board of Directors of Aptera Motors Corp. (the “Company”) approved an amendment (the “Amendment”), effective

as of October 16, 2026, to the engagement letter, dated August 25, 2025, by and between the Company and Tom DaPolito, the Company’s

Interim Chief Financial Officer (the “Engagement Agreement”).

The

Amendment: (i) extends the term of the Engagement Agreement through October 16, 2027, unless terminated earlier in accordance with its

terms; (ii) provides that all of Mr. DaPolito’s outstanding and unvested stock options will vest in full immediately upon a change

of control of the Company, whether or not his engagement is terminated; and (iii) extends the period during which Mr. DaPolito may exercise

his vested stock options to three years (but not beyond the original expiration date) following any termination of his engagement, other

than a termination by the Company for Cause (as defined in the Engagement Agreement). All other terms of the Engagement Agreement remain

in full force and effect.

The

foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text

of the Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item

9.01 Financial Statements and Exhibits

(d)

Exhibits

The

following exhibits are filed herewith:

Exhibit No.

Description

10.1#

Amendment No. 1 to Engagement Agreement, effective October 16, 2026, by and between the Company and Tom DaPolito.

104

Cover Page Interactive

Data File (embedded within the Inline XBRL document).

Management contract or compensatory plan or arrangement.

SIGNATURE

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.

Aptera Motors Corp.

By:

/s/

Chris Anthony

Name:

Chris

Anthony

Title:

Co-Chief

Executive Officer

Date: October 21, 2026

EX-10.1

Filename: ex10-1.htm · Sequence: 2

Exhibit

10.1

AMENDMENT

NO. 1 TO INTERIM CHIEF FINANCIAL OFFICER ENGAGEMENT LETTER

This

Amendment No. 1 (this “Amendment”), effective as of October 16, 2026, is entered into by and between Aptera Motors Corp.,

a Delaware corporation (the “Company”), and Tom DaPolito (“Consultant”), and amends the Interim Chief Financial

Officer Engagement Letter between the parties dated August 25, 2025 (the “Existing Letter”). Capitalized terms used but not

defined in this Amendment have the meanings given to them in the Existing Letter.

The

Existing Letter is scheduled to expire on October 16, 2026. The parties wish to renew and extend the engagement for an additional one-year

term on its existing terms, and to add the equity provisions set forth below. The parties therefore agree as follows:

Renewal and Extension of Term

The

term of the Existing Letter is renewed and extended for an additional one (1) year, through October 16, 2027, unless earlier terminated

in accordance with the Existing Letter or superseded by a successor engagement or employment agreement approved by the Compensation Committee.

During the extended term, all existing terms of the engagement — including the monthly cash retainer, quarterly equity grants,

independent-contractor status, and termination provisions — shall continue unchanged.

Equity Award Vesting Upon Termination Without Cause

the event the Company terminates the engagement without Cause, the vesting of any and all outstanding and unvested stock option awards

then held by Consultant shall accelerate in full, such that they become immediately and fully vested and exercisable as of the effective

date of termination.

Change of Control

Upon

the occurrence of a Change of Control of the Company (as defined in the Plan), all outstanding and unvested option awards then held by

Consultant shall accelerate in full and become immediately vested and exercisable immediately prior to the closing of such Change of

Control (single-trigger acceleration), without regard to whether the engagement is continued, assumed, or terminated in connection with

the transaction. In connection with any Change of Control, Consultant’s vested options shall be treated no less favorably than

the options of the Company’s other executive officers.

Extended Post-Termination Exercise Period

Notwithstanding

any shorter post-termination exercise period set forth in the Stock Option and Incentive Plan or in any applicable award agreement, in

the event the engagement terminates for any reason other than a termination by the Company for Cause (including, for the avoidance of

doubt, a voluntary resignation by Consultant and a termination by the Company without Cause), each vested option then held by Consultant

(whether granted before or after the date of this Amendment) shall remain exercisable for a period of three (3) years following the effective

date of such termination (but in no event beyond the original expiration date of the option), and shall not be forfeited, cancelled,

or terminated earlier by reason of the termination of the engagement.

No Other Changes; Approval

Except

as expressly modified by this Amendment, all terms and conditions of the Existing Letter remain in full force and effect. This Amendment

constitutes a compensatory arrangement with an executive officer and is entered into subject to the review and approval of the Compensation

Committee of the Board of Directors. This Amendment shall be governed by the laws of the State of Delaware.

APTERA MOTORS CORP.

By:

/s/

Chris Anthony

Name:

Chris

Anthony

Title:

Co-Chief

Executive Officer

CONSULTANT

By:

/s/

Tom DaPolito

Name:

Tom

DaPolito

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