Joby (JOBY) Chief Policy Officer Gregory Bowles Sells Shares

What Happened
Gregory Bowles, Joby Aviation’s Chief Policy Officer, had 11,156 shares result from an RSU conversion/exercise on August 21, 2026 (reported at $0.00 per share). The filing also shows a derivative disposition of 11,156 shares at $0.00 (consistent with shares withheld/retired to satisfy tax withholding upon RSU settlement). Separately, Bowles sold 3,531 shares on August 24 at a weighted average price of $7.34 for $25,918 and sold 4,575 shares on August 25 at a weighted average price of $7.23 for $33,077, for total cash proceeds of $58,995. One of the open-market sales was executed pursuant to an approved 10b5‑1 trading plan; the sales were executed in multiple trades at prices in the $7.17–$7.42 range.

Key Details

• Transaction dates/prices: Aug 21, 2026 — 11,156 shares acquired via RSU conversion @ $0.00; Aug 21, 2026 — 11,156 derivative shares disposed @ $0.00 (tax-related); Aug 24, 2026 — 3,531 shares sold @ $7.34 (weighted avg) for $25,918; Aug 25, 2026 — 4,575 shares sold @ $7.23 (weighted avg) for $33,077.
• Total proceeds from open‑market sales: $58,995.
• Shares owned after transaction: Not specified in the filing excerpt provided.
• Notable footnotes: sales executed in multiple trades (prices ranged $7.17–$7.42); at least one sale made under an approved 10b5‑1 plan; transactions relate to RSU vesting schedule (original RSU grant vests 16.66% on Feb 21, 2022 with remaining amounts vesting quarterly thereafter).
• Filing timeliness: Form filed Aug 25, 2026, reporting transactions between Aug 21–25, 2026. The filing record provided here does not include a late‑filing flag.

Context

• The “exercise/conversion” and the $0.00 entries reflect RSU settlement (each RSU converts to one share on vesting) and related tax withholding/retirement of shares, not a cash option purchase.
• Open‑market sales are routine for covering tax obligations or for diversification; one sale being under a 10b5‑1 plan indicates pre‑arranged trading instructions rather than ad‑hoc selling.
• These transactions are sales (not purchases), so they are generally viewed as routine insider liquidity rather than an explicit bullish signal.