Simi Bonny W 4

What Happened

• Simi Bonny, President of Operations at Joby Aviation, had 23,809 restricted stock units (RSUs) settle on Feb 12, 2026 (reported as an exercise/conversion of a derivative at $0.00). Following the settlement, she sold 8,652 shares in an open‑market transaction on Feb 13, 2026 at $9.88 per share, generating $85,482. The sale is reported as tax‑related withholding connected to the RSU settlement.

Key Details

• Transaction dates/prices:
  • Feb 12, 2026: 23,809 RSUs converted to shares (reported at $0.00).
  • Feb 13, 2026: 8,652 shares sold at $9.88 for $85,482.
• Shares owned after transaction: The filing does not state total beneficial ownership explicitly. Based on the award settlement and sale, an implied remainder from this award is 15,157 shares (23,809 settled − 8,652 sold).
• Footnotes:
  • F1: The 8,652‑share sale was to cover taxes due upon release/settlement of the RSUs.
  • F2: The 23,809 units are RSUs under a performance award (0%–125% vesting, paid in up to three annual installments, subject to service and performance conditions).
• Filing timeliness: Transactions occurred Feb 12–13, 2026; the Form 4 was filed Feb 17, 2026. Form 4s are typically due within two business days of the transaction, so this filing appears to have been submitted after that standard window.

Context

• RSUs are not option purchases; they convert to shares upon vesting (no cash exercise price). A sale tied to an RSU settlement is commonly done to satisfy tax withholding and is a routine administrative transaction rather than a market sentiment signal.
• This filing reports a routine tax‑withholding sale following a performance‑based RSU settlement; it does not by itself indicate insider bullishness or bearishness.