Form 4: Joby Aviation Executive Bowles Sells Shares to Cover Taxes After RSU Vesting

Gregory Bowles, Head of Government & Regulatory Affairs at Joby Aviation, sold shares to cover taxes due upon the release and settlement of restricted stock units (RSUs).

Summary

• Gregory Bowles, an executive at Joby Aviation, filed a Form 4 detailing changes in beneficial ownership.
• On February 21, 2025, Bowles acquired 11,156 shares of common stock through the vesting of restricted stock units (RSUs).
• To cover taxes associated with the RSU vesting, Bowles sold 3,442 shares of common stock on February 24, 2025, at a weighted average price of $6.81 per share.
• Following these transactions, Bowles directly owns 36,949 shares of Joby Aviation common stock and 89,248 restricted stock units.
• The RSUs vest over time, with a portion vesting on February 21, 2022, and the remainder vesting in quarterly installments thereafter, contingent upon continued service.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment about the company's performance or prospects.

Industry Context

Form 4 filings are routine disclosures required by the SEC when company insiders, like executives, buy or sell their company's stock. These filings provide transparency into insider transactions and can be monitored by investors for insights into management's perspective on the company's stock.

Key Dates