Form 4: Joby Aviation Executive Bowles Exercises Options and Sells Shares
SEC Filing
Gregory Bowles, Head of Government & Regulatory Affairs at Joby Aviation, exercised stock options and sold shares of common stock on September 23, 2024, according to a Form 4 filing with the SEC.
Summary
- Gregory Bowles, an executive at Joby Aviation, exercised stock options to acquire 6,000 shares of common stock at a price of $0.87 per share on September 23, 2024.
- On the same day, Bowles sold 26,775 shares of Joby Aviation common stock at a weighted average price of $5.14 per share.
- Following these transactions, Bowles directly owns 18,035 shares of Joby Aviation common stock.
- Bowles also holds options for 75,415 shares of Joby Aviation common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions and provides insight into the actions of Joby Aviation's executives. It is common for executives to exercise stock options and sell shares for personal financial management.
Stakeholder Impact
- The sale of shares by an executive could be perceived negatively by some shareholders, although it is a common practice.
- The transactions have no immediate impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| January 13, 2021 | Stock option vested with respect to 16.66% of the underlying shares. |
| June 4, 2024 | Reporting Person's approved 10b5-1 trading plan adopted. |
| September 23, 2024 | Earliest transaction date: Bowles exercised options and sold shares. |
| September 24, 2024 | Date of signature for the Form 4 filing. |
| April 19, 2030 | Expiration date of stock options. |
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