Bowles Gregory 4

What Happened
Gregory Bowles, Chief Policy Officer at Joby Aviation (JOBY), had 14,285 restricted stock units convert to common stock on Feb 12, 2026 (reported as an exercise/conversion, code M, at $0.00). Following the conversion, Bowles sold 4,464 shares in an open-market transaction on Feb 13, 2026 at $9.88 per share for proceeds of $44,104. The conversion and the sale appear to be related to the settlement and tax withholding of RSUs.

Key Details

• Transaction dates and prices:
  • 2026-02-12: Conversion/exercise of 14,285 RSU-derived shares at $0.00 (acquired).
  • 2026-02-12: Corresponding derivative disposition of 14,285 shares at $0.00 (reporting of RSU settlement).
  • 2026-02-13: Open-market sale of 4,464 shares at $9.88 each, total $44,104.
• Footnotes:
  • F1: The shares sold (4,464) were sold to cover taxes due upon release/settlement of the RSUs.
  • F2: The underlying award is RSUs tied to a 2024 Performance Award Program (0%–125% payout possible, vesting in three annual installments subject to performance and continued service).
• Shares owned after the transactions: not specified in the provided filing extract.
• Timeliness: Filing date is 2026-02-17 for transactions on Feb 12–13; Form 4s are generally due within two business days, so this filing appears to have been submitted late.

Context
This was not a cash purchase (no outlay to acquire shares) — it reflects RSU settlement and a subsequent sale to satisfy tax withholding obligations. Sales to cover taxes are routine and do not necessarily indicate an insider's view on the company's share price.