Allison Eric 4

What Happened

Eric Allison, Chief Product Officer of Joby Aviation (JOBY), converted/exercised RSU-related derivative awards into 1,601 shares on April 7, 2026 (recorded as an exercise/conversion at $0.00). Following the conversion, Allison sold 826 shares in an open-market transaction on April 8, 2026 at $8.87 per share, generating $7,327. The filing indicates the share disposals were to satisfy tax withholding obligations.

Key Details

• Transaction dates and prices:
  • 2026-04-07: Exercise/conversion of derivatives (1,601 shares) at $0.00 (acquired).
  • 2026-04-07: A related derivative disposition of 1,601 shares is recorded in the filing (administrative/settlement entry).
  • 2026-04-08: Open-market sale of 826 shares at $8.87 each for $7,327.
• Shares owned after the transactions: not specified in the provided filing summary.
• Footnotes:
  • F1: The shares sold were to cover taxes due upon release and settlement of the RSUs.
  • F2: The RSU award vests in equal installments on March 9, 2026 and April 7, 2026 (0%–200% of the award may vest depending on goal achievement); each RSU can convert into up to two shares upon vesting.
• Filing timeliness: Report filed April 9, 2026 for transactions on April 7–8, 2026 — appears to be filed within the normal Form 4 reporting window.

Context

• The April 7 entries reflect conversion/exercise of RSU-related derivatives into common shares at no exercise price; the subsequent sale of part of those shares is labeled as tax withholding/coverage (routine administrative action rather than an outright investment decision).
• For retail investors, such sales to cover taxes are common after vesting and do not necessarily signal the insider's view on the company’s prospects.