Bowles Gregory 4

What Happened

• Gregory Bowles, Joby Aviation's Chief Policy Officer, was granted two restricted stock unit (RSU) awards on 2026-03-18 totaling 302,724 RSUs (100,908 RSUs + 201,816 RSUs). Each RSU is a contingent right to one share of Joby common stock upon vesting. The awards were granted at a $0 acquisition price (derivative awards), so no cash was paid.

Key Details

• Transaction date: 2026-03-18; filing date (Form 4): 2026-03-20 (timely within the usual two-business-day window).
• Grant price: $0.00 per RSU (derivative award, not an open-market purchase).
• Shares owned after transaction: Not specified in the supplied data (see the full Form 4 for total holdings).
• Footnotes:
  • F1: One 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: The other RSU award vests in multiple tranches upon achievement of specified goals if met on or before the third anniversary of the grant, subject to continued service.
• No tax-withholding, open-market sale, or 10b5-1 plan was indicated in the provided summary.

Context

• RSU grants are a form of compensation intended to align executive interests with shareholders; they are not the same as an insider buying stock in the open market. These awards only convert to actual shares if and when the vesting conditions (time and/or performance) are satisfied.
• For investors, such awards indicate company compensation decisions and potential future share issuance, but they do not by themselves signal insider confidence through personal cash investment.