Joby Aviation (NYSE: JOBY) officer sells shares after RSU vesting
Rhea-AI Filing Summary
Joby Aviation, Inc. reported an insider equity transaction by its Chief Policy Officer, Gregory Bowles. On January 1, 2026, previously granted restricted stock units (RSUs) converted into 6,229 shares of common stock and another 5,224 shares, both at an exercise price of $0. These RSUs stem from awards that vest quarterly over multi‑year periods starting January 1, 2024 and July 1, 2023, subject to continued service.
On January 2, 2026, Bowles sold 4,194 shares of common stock at $13.51 per share, which the filing states were sold to cover taxes due upon RSU release and settlement. After these transactions, he reported owning 166,344 shares of Joby Aviation common stock directly, along with remaining unvested RSUs from the same award programs.
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FAQ
What insider stock transaction did Joby Aviation (JOBY) disclose?
The filing shows Chief Policy Officer Gregory Bowles had RSUs convert into common stock on January 1, 2026 and then sold 4,194 shares of Joby Aviation common stock on January 2, 2026 at $13.51 per share.
How many Joby Aviation shares did the insider acquire through RSUs?
On January 1, 2026, RSU awards converted into 6,229 shares of common stock from one grant and 5,224 shares from another, both at an exercise price of $0 per share.
Why did the Joby Aviation insider sell 4,194 shares?
The filing explains that the 4,194 shares sold on January 2, 2026 represented the aggregate number of shares sold to cover taxes due upon the release and settlement of RSUs, as required by the RSU award terms.
What are the vesting terms of the Joby Aviation RSU awards in this filing?
One RSU award vests in 16 equal quarterly installments starting on the quarterly anniversary of January 1, 2024. Another vests in equal quarterly installments over four years, beginning on the quarterly anniversary of July 1, 2023, in each case subject to continued service.
How many Joby Aviation shares does the insider own after these transactions?
Following the reported RSU conversions and tax‑related sale, Gregory Bowles reported direct beneficial ownership of 166,344 shares of Joby Aviation common stock.
What derivative securities related to Joby Aviation stock remain after the transactions?
The filing lists remaining restricted stock units (RSUs) with underlying Joby Aviation common stock, including 49,834 RSUs from one grant and 31,345 RSUs from another, both with an exercise price of $0.