Bowles Gregory 4

What Happened
Gregory Bowles, Joby Aviation’s Chief Policy Officer, had 16,499 shares vest/convert on July 1, 2026 (recorded as acquired at $0). Those 16,499 shares were simultaneously surrendered/treated as disposed to cover taxes. Separately, Bowles sold 5,158 shares on July 2 (weighted avg $8.92) and 4,724 shares on July 6 (weighted avg $9.10), totaling 9,882 shares for about $89,000.

Key Details

• Transaction dates and prices:
  • July 1, 2026: Conversion/vesting of 5,224, 6,229 and 5,046 RSU-related shares (total 16,499) recorded as acquired at $0 and disposed at $0 for tax withholding. (F1, F4-F6)
  • July 2, 2026: Open-market sale of 5,158 shares at a weighted avg $8.92, proceeds $46,009. (F3)
  • July 6, 2026: Open-market sale of 4,724 shares at a weighted avg $9.10, proceeds $42,988. Sale made pursuant to a 10b5-1 plan adopted May 13, 2025. (F2, F3)
• Open-market sales combined: 9,882 shares for ~$88,997 (prices ranged $8.44–$9.41 across multiple trades; reported prices are weighted averages). (F3)
• The July 1 conversions relate to RSU awards with multi-year vesting schedules (see F4–F6).
• Shares owned after the transactions: not disclosed in the provided filing excerpt.
• Filing: Form 4 filed July 6, 2026 (covers transactions dated July 1–6); the filing timetable/late-status is not indicated in the provided excerpt.

Context

• The July 1 entries reflect RSUs vesting/settling (converted into shares) with shares surrendered to meet tax withholding obligations — effectively a tax-withholding event rather than an open-market sale for cash. (Derivative code M in the filing documents the conversion/exercise.)
• The July 2 and July 6 trades were open-market sales; the July 6 sale was executed under an approved 10b5-1 trading plan. Sales are often routine (tax or liquidity driven) and do not necessarily indicate a change in insider sentiment.