Joby Aviation CPO sells shares to cover taxes
Joby Aviation, Inc. Chief Product Officer Eric Allison settled 53,549 RSUs, receiving the same number of common shares, then sold 27,932 shares at a weighted average of $7.53 per share solely to cover taxes due on the RSU settlement.
Sentiment and the balance of points
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Rhea-AI Filing Summary
Joby Aviation, Inc. Chief Product Officer Eric Allison settled 53,549 RSUs, receiving the same number of common shares, then sold 27,932 shares at a weighted average of $7.53 per share solely to cover taxes due on the RSU settlement. After these transactions, he holds 710,396 common shares directly and 107,098 RSUs that remain subject to the award’s vesting schedule.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 27,932 | $7.53 | $210K |
| Exercise | Restricted Stock Units (RSUs) F3 | 53,549 | $0.00 | $0.00 |
| Exercise | Common Stock | 53,549 | $0.00 | $0.00 |
Footnotes (3)
- F1. Represents the aggregate number of shares sold by the Reporting Person to cover taxes due upon the release and settlement of the RSUs, as required by the terms of the RSU award.
- F2. This transaction was executed in multiple trades at prices ranging from $7.50 to $7.53. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F3. Represents an award of restricted stock units ("RSUs") that vests with respect to 16.66% of the RSUs on January 12, 2022 and as to the remaining 83.34% in 20 quarterly installments thereafter, subject to the Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.
Key Figures
Key Terms
Restricted Stock Units ("RSUs") financial
weighted average sale price financial
derivative security financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Joby Aviation (JOBY) report for Chief Product Officer Eric Allison?
What are Eric Allison’s Joby Aviation (JOBY) holdings after these transactions?
How do Eric Allison’s Joby Aviation (JOBY) RSUs vest based on the award terms?
AI-generated analysis. How Rhea-AI works. Not financial advice.