Bowles Gregory 4

What Happened

• Gregory Bowles, Chief Policy Officer of Joby Aviation (JOBY), had RSU-related derivative shares convert on April 7, 2026 (1,138 shares acquired at $0.00). The Form 4 also shows a derivative disposition of 1,138 shares at $0.00 on April 7 and an open-market sale of 357 shares on April 8, 2026 at $8.87 each, generating $3,167. These transactions are sales/settlement actions (not net purchases), consistent with routine tax-withholding or settlement of equity awards rather than a bullish purchase.

Key Details

• Transaction dates and prices:
  • 2026-04-07: Exercise/conversion of derivative (M) — 1,138 shares acquired @ $0.00 (value $0).
  • 2026-04-07: Derivative disposition — 1,138 shares disposed @ $0.00 (value $0).
  • 2026-04-08: Open-market sale (S) — 357 shares sold @ $8.87 = $3,167.
• Shares owned after the transactions: Not specified in the Form 4 filing.
• Notable footnotes:
  • F1: The aggregate number of shares sold was to cover taxes due upon release/settlement of the RSUs, per the award terms.
  • F2: The RSU award vests in installments (March 9 and April 7, 2026) depending on performance; each RSU can convert into up to two shares upon vesting.
• Filing timeliness: Report lists Period of Report 2026-04-07 and was filed 2026-04-09 — appears filed on time under Form 4 rules.

Context

• The M (exercise/conversion) and the accompanying $0.00 derivative disposition indicate conversion/settlement of RSUs rather than a cash option purchase; some shares were disposed or withheld and a small number were sold on the open market to cover taxes. Such transactions are commonly routine tax-related settlements of equity awards and do not by themselves indicate insider bullish/bearish sentiment.