Allison Eric 4

What Happened

• Eric Allison, Chief Product Officer of Joby Aviation (JOBY), had 19,047 restricted stock units (RSUs convert/derivative exercise) convert into common shares on 2026-02-12 (reported). A portion of the resulting shares were surrendered to satisfy tax withholding, and 9,815 shares were sold in an open-market transaction on 2026-02-13 for $9.88 each, generating proceeds of $96,972.
• The RSU conversion is reported as a derivative exercise/acquisition at $0.00 per share (no cash purchase price). The filing also shows a disposal of 19,047 shares at $0.00, which the filing notes represent shares sold/surrendered to cover tax obligations.

Key Details

• Transaction dates and prices:
  • 2026-02-12: 19,047 shares acquired via conversion of RSUs (derivative exercise) at $0.00/share.
  • 2026-02-12: 19,047 shares disposed at $0.00/share (surrender/withholding for taxes, per footnote).
  • 2026-02-13: 9,815 shares sold in the open market at $9.88/share for total proceeds of $96,972.
• Shares owned after the transactions: Not specified in the Form 4 provided.
• Footnotes:
  • F1: Aggregate shares sold to cover taxes due upon release and settlement of the RSUs (tax withholding).
  • F2: These were RSU awards that vest based on performance over up to three years (0%–125% payout range, vesting in three annual installments starting Feb 12, 2024, subject to service and performance conditions).
• Filing timeliness: The report was filed 2026-02-17 covering transactions dated Feb 12–13, 2026. Form 4s are generally required within two business days of the transaction, so this filing appears to be later than that deadline.

Context

• This was not a cash purchase but the conversion/settlement of RSUs followed by share withholding/sale to cover taxes. The open-market sale generated cash proceeds; such sales tied to tax withholding or vesting events are common and do not necessarily signal an independent investment decision.
• For retail investors: purchases by insiders are often viewed as stronger signals than routine sales tied to tax withholding or vesting. This filing documents a routine post-vesting tax arrangement rather than a discretionary buy or sell motivated by a change in view.