Joby Aviation (NYSE: JOBY) CPO sells shares to cover RSU tax bill
Rhea-AI Filing Summary
Joby Aviation Chief Product Officer Eric Allison reported multiple stock transactions tied to restricted stock unit (RSU) vesting. On April 1, 2026, he acquired 18,100 shares of Common Stock at $0.00 per share through the conversion of vested RSUs in several awards.
On April 2, 2026, he sold 9,350 shares of Common Stock at a weighted average price of $8.15 per share, with trades executed between $8.15 and $8.44. A footnote explains these sales represent shares sold to cover taxes due upon RSU release and settlement, as required by the award terms. Following these transactions, he directly owned 724,226 shares of Common Stock and retained RSU awards that continue to vest over time.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 9,350 shares ($76,203)
Net Sell
7 txns
Insider
Allison Eric
Role
Chief Product Officer
Sold
9,350 shs ($76K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 9,350 | $8.15 | $76K |
| Exercise | Restricted Stock Units (RSUs) | 4,750 | $0.00 | -- |
| Exercise | Restricted Stock Units (RSUs) | 8,305 | $0.00 | -- |
| Exercise | Restricted Stock Units (RSUs) | 5,045 | $0.00 | -- |
| Exercise | Common Stock | 4,750 | $0.00 | -- |
| Exercise | Common Stock | 8,305 | $0.00 | -- |
| Exercise | Common Stock | 5,045 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 724,226 shares (Direct);
Restricted Stock Units (RSUs) — 23,746 shares (Direct)
Footnotes (1)
- 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. This transaction was executed in multiple trades at prices ranging from $8.15 to $8.44. 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. Represents an award of restricted stock units ("RSUs") that vests in equal installments over four years, on the quarterly anniversary of July 1, 2023, 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. Represents an award of restricted stock units ("RSUs") that vest in 16 equal installments on the quarterly anniversary of January 1, 2024, 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. Represents an award of restricted stock units ("RSUs") that vests with respect to 5% of the total number of RSUs on each of the first four quarterly anniversaries of January 1, 2026 and as to 10% of the total number of RSUs on each quarterly anniversary 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
Shares sold to cover taxes: 9,350 shares
Weighted average sale price: $8.15 per share
RSUs converted to Common Stock: 18,100 shares
+4 more
7 metrics
Shares sold to cover taxes
9,350 shares
Common Stock sale on April 2, 2026 at weighted $8.15
Weighted average sale price
$8.15 per share
Open-market sale with trades from $8.15 to $8.44
RSUs converted to Common Stock
18,100 shares
RSU exercises on April 1, 2026 at $0.00 conversion price
Post-transaction Common Stock holdings
724,226 shares
Direct ownership after sale and RSU conversions
Remaining RSUs in one award
23,746 RSUs
RSU award vesting quarterly from July 1, 2023
Remaining RSUs in second award
58,140 RSUs
RSU award vesting in 16 quarterly installments from Jan 1, 2024
Remaining RSUs in third award
95,863 RSUs
RSU award with stepped quarterly vesting from Jan 1, 2026
Key Terms
Restricted Stock Units (RSUs), weighted average sale price, contingent right to receive one share of Common Stock, vests in equal installments over four years, +1 more
5 terms
Restricted Stock Units (RSUs) financial
"Represents an award of restricted stock units ("RSUs") that vests in equal installments over four years"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
weighted average sale price financial
"The price reported above reflects the weighted average sale price"
vests in equal installments over four years financial
"Represents an award of RSUs that vests in equal installments over four years"
quarterly anniversary financial
"vests in 16 equal installments on the quarterly anniversary of January 1, 2024"
A quarterly anniversary marks the date that occurs every three months after a specific event, such as an investment or a business milestone. It is similar to a birthday that repeats four times a year, helping investors track the timing of important updates or changes. Recognizing these anniversaries allows investors to stay informed about progress and make timely decisions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Joby Aviation (JOBY) Chief Product Officer Eric Allison report in this Form 4?
Eric Allison reported RSU conversions into Common Stock and a related sale of shares to cover taxes. The filing shows RSUs vesting into 18,100 shares and a tax-driven sale of 9,350 shares, leaving him with 724,226 Joby Aviation shares held directly.
What RSU awards for Joby Aviation (JOBY) are described in Eric Allison’s Form 4?
The filing describes several RSU awards that vest quarterly over multi-year schedules, tied to dates such as July 1, 2023, January 1, 2024, and January 1, 2026. Each RSU represents a contingent right to receive one Joby Aviation Common Stock share upon vesting.