Simi Bonny W 4
4 · Joby Aviation, Inc. · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
Joby (JOBY) President of Operations Simi Bonny Sells Shares
What Happened
Simi Bonny, President of Operations at Joby Aviation (JOBY), had three RSU conversions/vests that converted into a total of 21,126 shares on 2026-04-01 (acquired at $0). She sold 7,696 of those shares in an open-market transaction on 2026-04-02 for a weighted-average price of $8.15, realizing roughly $62,722. The filing shows the RSU conversions (derivative exercises/conversions) and the subsequent sale; the sale was executed to cover taxes associated with the RSU settlement (see footnote).
Key Details
- Transaction dates: RSU conversions/acquisitions 2026-04-01; open-market sale 2026-04-02.
- Shares converted/vested: 5,699 + 10,382 + 5,045 = 21,126 shares acquired at $0.00 (conversion of RSUs).
- Shares sold: 7,696 at a weighted-average price of $8.15 for total proceeds ≈ $62,722. Trades ranged $8.15–$8.43 (filing reports weighted avg; reporting person can provide full trade-level details on request).
- Purpose of sale: Footnote states shares were sold to cover taxes due upon RSU release/settlement.
- Shares owned after transaction: Not specified in the provided excerpt of the filing.
- Filing timeliness: No late filing indicated in the provided information.
- Relevant footnotes: F1 (sale to cover taxes), F2 (price range/weighted average disclosure), F3–F5 (details on the RSU awards and vesting schedules).
Context
The transactions reflect RSU vesting and a partial sell-to-cover for tax withholding rather than a discretionary market buy/sell signal. The derivative code M here denotes conversion/exercise of RSU/derivative awards into common stock; because the shares were acquired at $0, this was the settlement of RSUs rather than a cash option purchase. Sales to cover tax obligations are common following vesting and are typically administrative in nature.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-04-01+5,699→ 209,744 total - Exercise/Conversion
Common Stock
2026-04-01+10,382→ 220,126 total - Exercise/Conversion
Common Stock
2026-04-01+5,045→ 225,171 total - Sale
Common Stock
[F1][F2]2026-04-02$8.15/sh−7,696$62,722→ 217,475 total - Exercise/Conversion
Restricted Stock Units (RSUs)
[F3]2026-04-01−5,699→ 28,496 totalExercise: $0.00→ Common Stock (5,699 underlying) - Exercise/Conversion
Restricted Stock Units (RSUs)
[F4]2026-04-01−10,382→ 72,674 totalExercise: $0.00→ Common Stock (10,382 underlying) - Exercise/Conversion
Restricted Stock Units (RSUs)
[F5]2026-04-01−5,045→ 95,863 totalExercise: $0.00→ Common Stock (5,045 underlying)
Footnotes (5)
- [F1]Represents the aggregate number of shares sold by the Reporting Person to cover taxes due upon the release and settlement of the RSUs, as required by the terms of the RSU award.
- [F2]This transaction was executed in multiple trades at prices ranging from $8.15 to $8.43. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- [F3]Represents an award of restricted stock units ("RSUs") that vests in equal installments over four years, on the quarterly anniversary of July 1, 2023, subject to the Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.
- [F4]Represents an award of restricted stock units ("RSUs") that vest in 16 equal installments on the quarterly anniversary of January 1, 2024, subject to the Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.
- [F5]Represents an award of restricted stock units ("RSUs") that vests with respect to 5% of the total number of RSUs on each of the first four quarterly anniversaries of January 1, 2026 and as to 10% of the total number of RSUs on each quarterly anniversary thereafter, subject to the Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.