Simi Bonny W 4

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.