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Joby Aviation, Inc.·4

Mar 11, 6:16 PM ET

Simi Bonny W 4

Research Summary

AI-generated summary

Updated

Joby (JOBY) President Simi Bonny Exercises RSUs and Sells Shares

What Happened

  • Simi Bonny, Joby’s President of Operations, had restricted stock units (RSUs) convert/settle and related shares withheld for taxes on March 9, 2026, and sold 1,727 shares in the open market on March 10, 2026 for $10.25 each (proceeds $17,702).
  • Specifically, two conversion/settlement events on 2026-03-09 show 3,303 and 1,445 shares acquired at $0 (derivative exercise/conversion, code M) and the same amounts shown as disposed at $0—these disposals represent shares surrendered/withheld to cover tax withholding. A separate open-market sale of 1,727 shares at $10.25 generated $17,702 in proceeds.
  • This activity reflects RSU vesting/settlement with net-share/tax withholding and a small open-market sale; sales are often routine (tax withholding or liquidity) and not necessarily a negative signal.

Key Details

  • Transaction dates/prices:
    • 2026-03-09: Conversion/exercise of derivatives (RSU settlement) — 3,303 shares and 1,445 shares acquired at $0; same amounts disposed at $0 to satisfy tax withholding (see F1).
    • 2026-03-10: Open-market sale — 1,727 shares @ $10.25, proceeds $17,702.
  • Shares owned after the transactions: Not provided in the supplied filing details.
  • Notable footnotes:
    • F1: Shares were sold/withheld to cover taxes upon RSU release/settlement.
    • F2 / F3: Describe the RSU awards and vesting schedules — some awards vest in installments contingent on performance and service; one award may convert to up to two shares per RSU.
  • Timeliness: Filing dated 2026-03-11 for transactions on 2026-03-09/10 appears timely (Form 4 is typically due within two business days).

Context

  • Derivative code M here indicates conversion/exercise of RSU-type awards. The zero-dollar "acquired" and "disposed" lines plus footnote F1 indicate a net-share settlement/tax withholding rather than a cashless exercise with market proceeds retained by the insider.
  • For retail investors: RSU vesting and tax-withholding-related disposals are common compensation events. The only meaningful cash proceeds reported were the small open-market sale (~$17.7k).