Bowles Gregory 4

What Happened

• Gregory Bowles, Joby Aviation's Chief Policy Officer, had RSUs convert to common stock and sold shares in open-market transactions. On March 9, 2026, 3,746 shares were converted/issued (recorded as exercises/conversions at $0). Of those, 3,746 shares were recorded as disposed at $0 to cover taxes upon settlement. Separately, Bowles sold 1,172 shares on March 10 at $10.25 for $12,013 and 1,075 shares on March 11 at $9.90 for $10,643, for combined gross proceeds of about $22,656. These were sales, not purchases.

Key Details

• Transaction dates and prices:
  • 2026-03-09: 2,606 and 1,140 shares converted/exercised at $0.00 (aggregate 3,746 shares).
  • 2026-03-09: 2,606 and 1,140 shares disposed at $0.00 (tax withholding related to the conversion).
  • 2026-03-10: 1,172 shares sold at $10.25 = $12,013.
  • 2026-03-11: 1,075 shares sold at $9.90 = $10,643.
• Total reported open-market sale proceeds: ~$22,656.
• Shares owned after transaction: Not specified in the filing.
• Notable footnotes:
  • F1: The zero-dollar dispositions represent shares sold to cover taxes on RSU settlement.
  • F2: The March 10 sale was made under a pre-approved 10b5-1 trading plan adopted May 13, 2025.
  • F3/F4: The converted shares stem from performance-based RSU awards with vesting tied to achievement metrics (some RSUs may yield up to two shares and vest on specified dates).
• Filing timeliness: Filed March 11, 2026 for transactions on March 9–11, 2026 — no late filing flag indicated.

Context

• The March 9 "exercise/conversion (M)" entries reflect RSU settlement/conversion into common shares, not a cash purchase. The zero-dollar "disposed" entries are tax-withholding actions that often accompany RSU vesting and do not necessarily indicate an independent sale decision.
• The two open-market sales were executed under an approved 10b5-1 plan (routine, prearranged selling program), which limits inference about current sentiment.