Simi Bonny W 4

What Happened

• Simi Bonny W, President of Operations at Joby Aviation (JOBY), had 3,303 restricted stock units (RSUs) convert to common shares on Feb 9, 2026 (reported as an exercise/conversion of a derivative, code M). Immediately following vesting, she sold 1,202 of those shares in the open market on Feb 10, 2026 at a weighted average price of $10.55 for proceeds of $12,681. The conversion/derivative disposal of 3,303 shares is reported at $0, reflecting the settlement of RSUs into shares.
• This activity appears routine: the sale was used to cover taxes due on the RSU settlement (see footnote F1), not necessarily a directional bet on the stock.

Key Details

• Transaction dates and prices:
  • Feb 9, 2026: Conversion/exercise of 3,303 RSUs into 3,303 shares (code M) at $0.00.
  • Feb 10, 2026: Open-market sale of 1,202 shares at a weighted average price of $10.55 (range $10.55–$10.66 per footnote F2), proceeds $12,681.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes:
  • F1: Shares sold to cover taxes required upon RSU release/settlement.
  • F2: Sale executed in multiple trades at $10.55–$10.66; $10.55 is the weighted average reported.
  • F3: The shares came from an RSU award that vests in installments (Jan 12, Feb 9, Mar 9, 2026) based on performance (0%–125% possible); each RSU converts to one common share.
• Filing/timeliness: Report filed Feb 11, 2026 for a Feb 9–10, 2026 transaction—appears timely under Section 16 reporting windows.

Context

• The M code indicates conversion/exercise of a derivative (here, RSUs settling into common stock). The subsequent open-market sale to cover tax withholding (F1) is a common administrative step after RSU vesting and typically does not by itself indicate insider sentiment about the company’s outlook.
• For retail investors: purchases by insiders often carry more informational weight than tax-related sales. This filing documents RSU vesting and a small, routine sale to satisfy tax obligations.