Form 4: Joby Aviation Executive Sells Shares to Cover Taxes After RSU Vesting
SEC Form 4 Filing
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 April 16, 2024, 5,984 shares of common stock were acquired through the vesting of restricted stock units (RSUs).
- On April 18, 2024, 1,838 shares were sold at a price of $4.64 per share to cover taxes related to the RSU vesting.
- Following these transactions, Bowles directly owns 53,194 shares of Joby Aviation common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and tax obligations, and does not indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of the stock market, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices involving RSUs and subsequent sales to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/16/2024 | RSUs vest and 5,984 shares of common stock are acquired. |
| 04/18/2024 | 1,838 shares are sold at $4.64 per share to cover taxes. |
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