Joby (JOBY) CPO Gregory Bowles Sells Shares After Option Exercise

What Happened
Gregory Bowles, Chief Policy Officer at Joby Aviation (JOBY), exercised stock options for 4,322 shares at $0.87 per share (total cost $3,760) on September 21, 2026, and sold 6,138 shares in an open‑market transaction at $6.35 per share for proceeds of $38,976. The Form 4 also reports a matching disposition of 4,322 shares at $0.00 listed as a derivative-related disposition.

Key Details

• Transaction date: September 21, 2026; Form 4 filed September 23, 2026. Filing does not indicate lateness.
• Exercise: 4,322 shares acquired at $0.87 each — total $3,760.
• Sale: 6,138 shares sold at $6.35 each — proceeds $38,976. Footnote F1: sale was made pursuant to an approved 10b5‑1 trading plan adopted May 19, 2026.
• Derivative disposition: 4,322 shares reported disposed at $0.00 (reported as derivative-related in the filing).
• Vesting note (F2): the option vests 16.66% on Jan 13, 2021 and the remaining 83.34% vests in 20 quarterly installments subject to continued service.
• Shares owned after the transactions: not specified in the provided filing excerpt.

Context
This filing shows both an option exercise (acquisition) and an open‑market sale. The reported $0.00 disposition tied to the exercised shares is commonly used in Form 4s to reflect derivative-related settlement or withholding; the sale itself was executed under a pre‑existing 10b5‑1 plan (routine trading plan), which often indicates the sale followed predetermined instructions rather than ad hoc insider timing.