Simi Bonny W 4

What Happened

• Simi Bonny, President of Operations at Joby Aviation (JOBY), exercised options covering 56,581 shares at a $1.77 strike price (aggregate cash cost $100,148) on 2026-03-18 and simultaneously disposed of the same 56,581 shares (sale proceeds reported at $100,148). On the same date she was also granted two restricted stock unit (RSU) awards totaling 302,724 RSUs (100,908 + 201,816), shown as derivative awards with $0 purchase price because RSUs convert to common shares only upon vesting.

Key Details

• Transaction date: 2026-03-18; Form 4 filed 2026-03-20 (timely).
• Option exercise: 56,581 shares exercised at $1.77 each (total $100,148).
• Immediate disposition: 56,581 shares disposed at the same reported amount ($100,148).
• RSU grants: 100,908 RSUs (see F1) and 201,816 RSUs (see F2); each RSU represents one share on vesting and shows $0 acquisition value until vested.
• Shares owned after transaction: Not specified in the information provided.
• Footnotes:
  • F1: That RSU award vests 5% of the total on each of the first four quarterly anniversaries of Jan 1, 2026, then 10% each subsequent quarter, subject to continued service.
  • F2: That RSU award vests in multiple tranches upon achievement of specified goals if achieved within three years, subject to continued service.
  • F3: The exercised option is described as immediately exercisable for 74% of underlying shares, with remaining installments becoming exercisable on specified future dates through Jan 1, 2027.

Context

• The pair of entries (exercise followed by equal-size disposition) indicates a same-day exercise-and-sell (commonly done to cover strike/taxes or to realize gains); the filing does not state motive. RSU grants are time- and/or performance-vesting awards and do not represent immediately tradable shares until they vest.