Joby Aviation (NYSE: JOBY) policy chief exercises RSUs, sells shares for taxes

Q: Why did Gregory Bowles sell 4,464 shares of Joby Aviation stock?

The sale of 4,464 shares was made to cover taxes due when restricted stock units released and settled. A footnote states these shares were sold as required under the RSU award terms to satisfy tax withholding obligations related to the vesting.

Q: What are the terms of Gregory Bowles’ Joby Aviation RSU award?

The RSU award can vest between 0% and 125% in three equal annual installments on each anniversary of February 12, 2024 . Vesting depends on specified performance goals under Joby’s 2024 Performance Award Program and Bowles’ continued service through each vesting date.

Q: How many RSUs did Gregory Bowles convert to Joby Aviation Common Stock?

Gregory Bowles converted 14,285 restricted stock units into the same number of Joby Aviation Common shares at an exercise price of $0 . Following this conversion, he reports beneficial ownership of 14,286 RSUs remaining outstanding as derivative securities.

Q: What transaction codes were used in Gregory Bowles’ JOBY Form 4 filing?

The filing shows code M for the exercise or conversion of 14,285 RSUs into Common Stock and code S for the open-market sale of 4,464 shares . These codes indicate a derivative conversion followed by a sale transaction.

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Joby Aviation Chief Policy Officer Gregory Bowles reported equity transactions involving company stock. On February 12, 2026, he acquired 14,285 shares of Common Stock at $0 per share through the exercise of restricted stock units, bringing his direct holdings to 178,749 shares.

On February 13, 2026, Bowles executed an open-market sale of 4,464 shares of Common Stock at $9.88 per share, leaving him with 174,285 directly held shares. A footnote explains that these shares were sold to cover taxes due upon the release and settlement of the RSUs. He also reports 14,286 RSUs beneficially owned following these transactions.

Insider Trade Summary

Net Seller: 4,464 shares ($44,104)

Net Sell 3 txns

Insider Bowles Gregory

Role Chief Policy Officer

Sold 4,464 shs ($44K)

Type	Security	Shares	Price	Value
Sale	Common Stock	4,464	$9.88	$44K
Exercise	Restricted Stock Units (RSUs)	14,285	$0.00	--
Exercise	Common Stock	14,285	$0.00	--

Holdings After Transaction: Common Stock — 174,285 shares (Direct); Restricted Stock Units (RSUs) — 14,286 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. Represents an award of restricted stock units ("RSUs"). Between 0% and 125% of the award will vest in three equal annual installments on the anniversary of February 12, 2024, based on the achievement of specified goals under the Joby Aviation, Inc. 2024 Performance Award Program and 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.

Form 4 Insider Transactions: What Each Field Means →

02/17/2026 - 06:13 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bowles Gregory

(Last)

(First)

(Middle)

C/O JOBY AVIATION, INC.

333 ENCINAL STREET

(Street)

SANTA CRUZ

95060

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Joby Aviation, Inc. [ JOBY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Policy Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/12/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/12/2026		M		14,285	A	$0	178,749	D
Common Stock	02/13/2026		S⁽¹⁾		4,464	D	$9.88	174,285	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units (RSUs)	$0	02/12/2026		M			14,285	⁽²⁾	⁽²⁾	Common Stock	14,285	$0	14,286	D

Explanation of Responses:

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.

2. Represents an award of restricted stock units ("RSUs"). Between 0% and 125% of the award will vest in three equal annual installments on the anniversary of February 12, 2024, based on the achievement of specified goals under the Joby Aviation, Inc. 2024 Performance Award Program and 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.

Remarks:

	/s/ Sarah Slayen, Attorney-in-Fact for Gregory Bowles	02/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did JOBY Chief Policy Officer Gregory Bowles report?

Gregory Bowles reported exercising restricted stock units for 14,285 shares of Joby Aviation Common Stock at $0 per share, then selling 4,464 shares at $9.88 per share. These transactions updated his direct and derivative ownership positions.

How many Joby Aviation (JOBY) shares does Gregory Bowles hold after this Form 4?

After the reported transactions, Gregory Bowles directly holds 174,285 shares of Joby Aviation Common Stock. He also beneficially owns 14,286 restricted stock units (RSUs), each representing a contingent right to receive one share of Common Stock upon vesting.

Why did Gregory Bowles sell 4,464 shares of Joby Aviation stock?

The sale of 4,464 shares was made to cover taxes due when restricted stock units released and settled. A footnote states these shares were sold as required under the RSU award terms to satisfy tax withholding obligations related to the vesting.

What are the terms of Gregory Bowles’ Joby Aviation RSU award?

The RSU award can vest between 0% and 125% in three equal annual installments on each anniversary of February 12, 2024. Vesting depends on specified performance goals under Joby’s 2024 Performance Award Program and Bowles’ continued service through each vesting date.

How many RSUs did Gregory Bowles convert to Joby Aviation Common Stock?

Gregory Bowles converted 14,285 restricted stock units into the same number of Joby Aviation Common shares at an exercise price of $0. Following this conversion, he reports beneficial ownership of 14,286 RSUs remaining outstanding as derivative securities.

What transaction codes were used in Gregory Bowles’ JOBY Form 4 filing?

The filing shows code M for the exercise or conversion of 14,285 RSUs into Common Stock and code S for the open-market sale of 4,464 shares. These codes indicate a derivative conversion followed by a sale transaction.