Allison Eric 4
Research Summary
AI-generated summary
Joby (JOBY) CPO Eric Allison Sells Shares
What Happened
- Eric Allison, Joby Aviation's Chief Product Officer, had 53,549 restricted stock units (RSUs) convert to common shares (exercise/conversion at $0.00) on July 12, 2026. Following the vesting/conversion, he sold 27,932 shares in the open market on July 13, 2026 for a weighted-average price of $7.53, generating approximately $210,328 in proceeds. The conversion entry reflects RSU settlement (no exercise cost).
Key Details
- Transaction dates: RSU conversion/exercise on 2026-07-12; open-market sale on 2026-07-13. Filing date: 2026-07-14 (timely).
- Sale price: weighted average $7.53 per share (trades ranged $7.50–$7.53).
- Shares sold: 27,932 (total proceeds ≈ $210,328).
- RSUs converted: 53,549 shares at $0.00 (reflects RSU vesting/settlement).
- Footnotes: F1 notes that the shares sold were to cover taxes due upon RSU settlement; F3 describes the RSU vesting schedule; F2 documents the multiple trade prices and weighted average.
- Shares owned after the transaction: not specified in the filing.
Context
- This was not a cash purchase (often seen as a bullish signal); it was an RSU settlement followed by a partial sale to cover tax withholding — a common, routine insider transaction. The derivative code (M) indicates exercise/conversion of a derivative (here, RSUs converting into shares).