Alkami Technology, Inc. SEC Filings

Iron Mountain Incorporated (NYSE: IRM) filed a Form 4 on 8 July 2025 reporting insider activity by director Doyle R. Simons.

• Two acquisitions of derivative securities: 340.987 phantom shares on 3 July 2025 and 347.908 phantom shares on 7 July 2025, both coded “A”.
• Plan-based transactions: The units were credited under the company’s Directors Deferred Compensation Plan; each phantom share mirrors one IRM common share and will be delivered after the director’s board service ends or upon disability.
• Post-transaction balance: Simons now holds 44,369.762 phantom shares, up by 688.895 units from the prior balance.
• Reference pricing: Column 8 lists weighted-average prices of $100.56 and $100.601, representing multiple trades executed between $100.419 and $100.624.
• Signal strength: Because the activity is compensation-related rather than open-market buying, the transactions are generally considered routine and carry limited market-moving impact.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Trigger Callable Yield Notes that mature on or about 14 October 2026 and are linked to the lesser-performing of the Russell 2000® Index (RTY) and the EURO STOXX 50® Index (SX5E).

Key economic terms

• Issue price: $10 per Note; minimum investment $1,000 (100 Notes).
• Term: 15 months, unless called earlier.
• Coupon rate: expected 7.50 % – 8.15 % p.a., paid monthly ($0.0625 – $0.0679 per $10 principal); coupons paid regardless of index performance while Notes remain outstanding.
• Call feature: after an initial three-month non-call period, issuer may call on any monthly Optional Call Notice Date (beginning 9 Oct 2025). If called, payment equals principal + current coupon; no further coupons.
• Downside protection: contingent only. If not called and the Final Value of each index ≥ 70 % of its Initial Value (Downside Threshold), principal is repaid in full plus final coupon. If either index closes below its threshold, repayment equals $10 × (1 + Lesser Performing Underlying Return) + final coupon, so investors lose 1 % of principal for every 1 % decline below the Initial Value and could lose their entire investment.
• Estimated value: on pricing date will be ≥ $9.50 (illustrative value if priced on 7 Jul 2025: $9.801) per $10 Note, lower than issue price because of selling commissions (≤ $0.10) and hedging costs.
• Secondary market: Notes will not be listed; J.P. Morgan Securities LLC intends, but is not obliged, to make markets.
• Credit exposure: payments depend on the credit of JPMorgan Financial and JPMorgan Chase & Co.; Notes are unsecured and unsubordinated.
• Key dates: Trade Date 9 Jul 2025; Settlement 14 Jul 2025; Final Valuation Date 9 Oct 2026 (subject to adjustments); Maturity 14 Oct 2026.

Illustrative outcomes

• Early call (first possible in Oct 2025): investors receive roughly $10.06 plus prior coupons—total return about 1.9 % over three months.
• Not called; both indices above threshold: total coupons (~$0.9375) + principal for ~9.4 % total return over 15 months.
• Not called; one index down 60 %: investor receives only $4.00 principal + coupons for a –50.6 % total return.

Principal risks highlighted

• Full downside exposure to the lower-performing index if it breaches the 70 % threshold.
• Issuer call risk limits total coupon potential and may force reinvestment at lower rates.
• Credit risk of both JPMorgan Financial and the parent guarantor.
• Complex tax treatment; Notes intended to be treated as a unit comprising a put option and a deposit.
• Lack of liquidity; secondary prices expected to be below issue price and influenced by issuer’s internal funding rate.

The pricing supplement emphasises that the Notes are “significantly riskier than conventional debt instruments” and warns that investors should be prepared to lose a substantial portion or all of their principal.

Joby Aviation, Inc. (JOBY) has filed a Form 144 indicating the proposed sale of 300,000 common shares through Morgan Stanley Smith Barney LLC on or about June 30, 2025. The aggregate market value of the planned sale is $2.832 million, based on the prevailing market price at the time of filing. The company’s total common shares outstanding are disclosed as 791,798,076, so the proposed transaction represents approximately 0.04 % of shares outstanding.

The filing also lists recent insider activity under the same reporting person (name appears as Bonny Simi in the past-3-month sales table). During April 2025, the insider sold 19,465 shares in three separate transactions, generating $114,174.50 in gross proceeds. The upcoming 300,000-share sale originates from the exercise of stock options paid in cash on 06/30/2025.

The Form 144 includes the standard representation that the seller is not aware of any undisclosed material adverse information and, if relying on Rule 10b5-1, affirms the adoption date of the trading plan (date not specified in the excerpt). No additional financial metrics or strategic disclosures are provided; the document is limited to the mechanics of the planned share disposition.