Simi Bonny W, President of Operations at Joby Aviation (JOBY), has filed 40 Form 4 transactions across two companies, with a pronounced sell-side bias. Over the reporting period, open-market sales totaled approximately $8.25 million, while there were zero open-market purchases. The only acquisition value on record—roughly $92,500—came from option exercises and equity grants, which are compensation mechanics rather than discretionary buys. This pattern is consistent across the recent filings: nine open-market sales in the last stretch, with no corresponding purchases.
The most recent activity clusters around JOBY, with a series of sales and option exercises in early July 2026. On July 2, Simi sold shares worth $69,861, following three option exercises on July 1 that carried no cash value. Earlier in the year, the selling was heavier: a January 2 transaction moved $1.15 million, and another on the same date brought in $285,943. Smaller sales in February, March, and April ranged from roughly $4,700 to $85,500, interspersed with option exercises and restricted stock awards. The March 18 exercise was the only notable acquisition, valued at $100,148, but it was immediately followed by a $17,702 sale on March 10, suggesting the exercise was tied to a disposition.
The data shows a consistent pattern of converting equity into cash, with sales occurring on a near-monthly basis since January 2026. The absence of any open-market buys, combined with the frequency and size of the sales, points to a steady liquidation of holdings rather than accumulation. While the transactions are routine for an executive with equity compensation, the sheer volume—over $8 million in sales against zero discretionary purchases—highlights a clear directional bias in Simi’s trading behavior.
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