Joby Aviation CPO exercises RSUs, sells shares
Joby Aviation, Inc. Chief Product Officer Eric Allison exercised restricted stock units and sold shares primarily to cover taxes.
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Rhea-AI Filing Summary
Joby Aviation, Inc. Chief Product Officer Eric Allison exercised restricted stock units and sold shares primarily to cover taxes. On April 12, he converted 53,549 RSUs into Common Stock at $0.00 per share and increased his RSU holdings to 160,647 units. On April 13, he sold 27,698 Common Stock shares at a weighted average price of $8.20 per share to satisfy tax obligations tied to the RSU vesting, leaving him with 750,852 Common Stock shares held directly.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 27,698 | $8.20 | $227K |
| Exercise | Restricted Stock Units (RSUs) | 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 $8.20 to $8.30. 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
open-market sale financial
vests in 20 quarterly installments financial
FAQ
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What insider transactions did Joby Aviation (JOBY) report for Eric Allison?
How many Joby Aviation (JOBY) RSUs did Eric Allison vest and convert?
How is the vesting schedule structured for Eric Allison’s Joby Aviation (JOBY) RSUs?
AI-generated analysis. How Rhea-AI works. Not financial advice.