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JOBY

Joby Aviation, Inc.

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2121
SEC CIK
0001819848
Parsed reports
710

Last 12 months

Inside the activity.

2 purchase rows · 128 sale rows

Disclosed non-derivative P/S rows, by transaction month. Includes amendments and private transactions.
Monthly counts
MonthPurchasesSales
Nov 202502
Dec 202523
Jan 2026020
Feb 2026024
Mar 2026012
Apr 2026023
May 202606
Jun 202606
Jul 2026012
Aug 202604
Sep 202605
Oct 2026011

Latest available

Insider transactions

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Purchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”

The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.

Transaction dateOwner / reported roleActivity / securityShares / unitsReported priceReported valueDetails
April 02, 2025 Filed Apr 3, 2025 20:58 UTC
Novikov SergeySee Remarks
SaleCommon Stock 156 $6.00 $936.00
Disclosure

SEC source: 0001819848-25-000266 · wk-form4_1743713917.xml · nonDerivative · entry 7

Novikov Sergey · CIK 0002048665 · See Remarks

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 50,046

F1 · kind: Represents the aggregate number of shares sold by the Reporting Person to cover taxes due upon the release and settlement of the RSUs, as required by the terms of the RSU award.

Read SEC document
April 02, 2025 Filed Apr 3, 2025 20:58 UTC
Novikov SergeySee Remarks
SaleCommon Stock 497 $6.00 $2,982.00
Disclosure

SEC source: 0001819848-25-000266 · wk-form4_1743713917.xml · nonDerivative · entry 6

Novikov Sergey · CIK 0002048665 · See Remarks

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 50,202

F1 · kind: Represents the aggregate number of shares sold by the Reporting Person to cover taxes due upon the release and settlement of the RSUs, as required by the terms of the RSU award.

Read SEC document
April 01, 2025 Filed Apr 3, 2025 20:59 UTC
DeHoff KateSee Remarks
Exercise / conversionRestricted Stock Units (RSUs) · Derivative 8,306 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0001819848-25-000270 · wk-form4_1743713959.xml · derivative · entry 9

DeHoff Kate · CIK 0001877282 · See Remarks

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 91,362

Underlying: Common Stock · 8,306 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F4 · derivative.exercise_date: Represents an award of restricted stock units ("RSUs") that vest in 16 equal installments on the quarterly anniversary of January 1, 2024, subject to the Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.

F4 · derivative.expiration_date: Represents an award of restricted stock units ("RSUs") that vest in 16 equal installments on the quarterly anniversary of January 1, 2024, subject to the Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.

Read SEC document
April 01, 2025 Filed Apr 3, 2025 20:59 UTC
DeHoff KateSee Remarks
Exercise / conversionRestricted Stock Units (RSUs) · Derivative 5,224 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0001819848-25-000270 · wk-form4_1743713959.xml · derivative · entry 8

DeHoff Kate · CIK 0001877282 · See Remarks

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 47,018

Underlying: Common Stock · 5,224 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · derivative.exercise_date: Represents an award of restricted stock units ("RSUs") that vests in equal quarterly installments over four years, beginning on July 1, 2023, subject to Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.

F3 · derivative.expiration_date: Represents an award of restricted stock units ("RSUs") that vests in equal quarterly installments over four years, beginning on July 1, 2023, subject to Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.

Read SEC document
April 01, 2025 Filed Apr 3, 2025 20:59 UTC
DeHoff KateSee Remarks
Exercise / conversionRestricted Stock Units (RSUs) · Derivative 13,280 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0001819848-25-000270 · wk-form4_1743713959.xml · derivative · entry 7

DeHoff Kate · CIK 0001877282 · See Remarks

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 39,841

Underlying: Common Stock · 13,280 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_date: Represents an award of restricted stock units ("RSUs") that vests with respect to 10% of the total number of RSUs on each of the first four quarterly anniversaries of January 1, 2022 and as to 5% of the total number of RSUs on each quarterly anniversary thereafter, subject to the Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.

F2 · derivative.expiration_date: Represents an award of restricted stock units ("RSUs") that vests with respect to 10% of the total number of RSUs on each of the first four quarterly anniversaries of January 1, 2022 and as to 5% of the total number of RSUs on each quarterly anniversary thereafter, subject to the Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.

Read SEC document
April 01, 2025 Filed Apr 3, 2025 20:59 UTC
DeHoff KateSee Remarks
Exercise / conversionCommon Stock 8,306 $0.00 $0.00
Disclosure

SEC source: 0001819848-25-000270 · wk-form4_1743713959.xml · nonDerivative · entry 3

DeHoff Kate · CIK 0001877282 · See Remarks

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 229,086

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
April 01, 2025 Filed Apr 3, 2025 20:59 UTC
DeHoff KateSee Remarks
Exercise / conversionCommon Stock 5,224 $0.00 $0.00
Disclosure

SEC source: 0001819848-25-000270 · wk-form4_1743713959.xml · nonDerivative · entry 2

DeHoff Kate · CIK 0001877282 · See Remarks

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 220,780

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
April 01, 2025 Filed Apr 3, 2025 20:59 UTC
DeHoff KateSee Remarks
Exercise / conversionCommon Stock 13,280 $0.00 $0.00
Disclosure

SEC source: 0001819848-25-000270 · wk-form4_1743713959.xml · nonDerivative · entry 1

DeHoff Kate · CIK 0001877282 · See Remarks

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 215,556

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
April 01, 2025 Filed Apr 3, 2025 20:59 UTC
Bevirt JoeBenDirector · CEO and Chief Architect · 10% owner
Exercise / conversionRestricted Stock Units (RSUs) · Derivative 12,977 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0001819848-25-000269 · wk-form4_1743713949.xml · derivative · entry 11

Bevirt JoeBen · CIK 0001877280 · Director · CEO and Chief Architect · 10% owner

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 142,754

Underlying: Common Stock · 12,977 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F10 · derivative.exercise_date: Represents an award of restricted stock units ("RSUs") that vest in 16 equal installments on the quarterly anniversary of January 1, 2024, subject to the Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.

F10 · derivative.expiration_date: Represents an award of restricted stock units ("RSUs") that vest in 16 equal installments on the quarterly anniversary of January 1, 2024, subject to the Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.

Read SEC document
April 01, 2025 Filed Apr 3, 2025 20:59 UTC
Bevirt JoeBenDirector · CEO and Chief Architect · 10% owner
Exercise / conversionRestricted Stock Units (RSUs) · Derivative 49,800 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0001819848-25-000269 · wk-form4_1743713949.xml · derivative · entry 10

Bevirt JoeBen · CIK 0001877280 · Director · CEO and Chief Architect · 10% owner

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 149,403

Underlying: Common Stock · 49,800 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F9 · derivative.exercise_date: Represents an award of restricted stock units ("RSUs") that vests with respect to 10% of the total number of RSUs on each of the first four quarterly anniversaries of January 1, 2022 and as to 5% of the total number of RSUs on each quarterly anniversary thereafter, subject to the Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.

F9 · derivative.expiration_date: Represents an award of restricted stock units ("RSUs") that vests with respect to 10% of the total number of RSUs on each of the first four quarterly anniversaries of January 1, 2022 and as to 5% of the total number of RSUs on each quarterly anniversary thereafter, subject to the Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.

Read SEC document
April 01, 2025 Filed Apr 3, 2025 20:59 UTC
Bevirt JoeBenDirector · CEO and Chief Architect · 10% owner
Exercise / conversionCommon Stock 12,977 $0.00 $0.00
Disclosure

SEC source: 0001819848-25-000269 · wk-form4_1743713949.xml · nonDerivative · entry 4

Bevirt JoeBen · CIK 0001877280 · Director · CEO and Chief Architect · 10% owner

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 858,722

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
April 01, 2025 Filed Apr 3, 2025 20:59 UTC
Bevirt JoeBenDirector · CEO and Chief Architect · 10% owner
Exercise / conversionCommon Stock 49,800 $0.00 $0.00
Disclosure

SEC source: 0001819848-25-000269 · wk-form4_1743713949.xml · nonDerivative · entry 3

Bevirt JoeBen · CIK 0001877280 · Director · CEO and Chief Architect · 10% owner

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 845,745

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
April 01, 2025 Filed Apr 3, 2025 20:59 UTC
Bevirt JoeBenDirector · CEO and Chief Architect · 10% owner
SaleCommon Stock 50,000 $5.89 $294,500.00
Disclosure

SEC source: 0001819848-25-000269 · wk-form4_1743713949.xml · nonDerivative · entry 2

Bevirt JoeBen · CIK 0001877280 · Director · CEO and Chief Architect · 10% owner

10b5-1 filing: Plan reported

Ownership: Indirect · By JoeBen Bevirt 2020 Descendants Trust

Disclosed balance after: 32,275,793

F1 · kind: Sale made pursuant to the Reporting Person's approved 10b5-1 trading plan adopted on March 17, 2023.

F2 · price: This transaction was executed in multiple trades at prices ranging from $5.77 to $6.08. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F4 · ownership.nature: The shares of common stock are held of record by the JoeBen Bevirt 2020 Descendants Trust, dated December 26, 2020 (the "Descendants Trust"). The Reporting Person is the trustee of the Decendants Trust and may be deemed to be the beneficial owner of such shares.

Read SEC document
April 01, 2025 Filed Apr 3, 2025 20:59 UTC
Bevirt JoeBenDirector · CEO and Chief Architect · 10% owner
SaleCommon Stock 200,000 $5.89 $1,178,000.00
Disclosure

SEC source: 0001819848-25-000269 · wk-form4_1743713949.xml · nonDerivative · entry 1

Bevirt JoeBen · CIK 0001877280 · Director · CEO and Chief Architect · 10% owner

10b5-1 filing: Plan reported

Ownership: Indirect · By Joby Trust

Disclosed balance after: 60,628,414

F1 · kind: Sale made pursuant to the Reporting Person's approved 10b5-1 trading plan adopted on March 17, 2023.

F2 · price: This transaction was executed in multiple trades at prices ranging from $5.77 to $6.08. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F3 · ownership.nature: The shares of common stock are held of record by The Joby Trust. The Reporting Person is the trustee of the Joby Trust and may be deemed to be the beneficial owner of such shares.

Read SEC document
April 01, 2025 Filed Apr 3, 2025 20:58 UTC
Papadopoulos DidierPresident of Aircraft OEM
Exercise / conversionRestricted Stock Units (RSUs) · Derivative 12,459 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0001819848-25-000264 · wk-form4_1743713896.xml · derivative · entry 10

Papadopoulos Didier · CIK 0001877717 · President of Aircraft OEM

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 137,043

Underlying: Common Stock · 12,459 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F6 · derivative.exercise_date: Represents an award of restricted stock units ("RSUs") that vest in 16 equal installments on the quarterly anniversary of January 1, 2024, subject to the Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.

F6 · derivative.expiration_date: Represents an award of restricted stock units ("RSUs") that vest in 16 equal installments on the quarterly anniversary of January 1, 2024, subject to the Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.

Read SEC document
April 01, 2025 Filed Apr 3, 2025 20:58 UTC
Papadopoulos DidierPresident of Aircraft OEM
Exercise / conversionRestricted Stock Units (RSUs) · Derivative 7,599 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0001819848-25-000264 · wk-form4_1743713896.xml · derivative · entry 9

Papadopoulos Didier · CIK 0001877717 · President of Aircraft OEM

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 68,389

Underlying: Common Stock · 7,599 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F5 · derivative.exercise_date: Represents an award of restricted stock units ("RSUs") that vests in equal quarterly installments over four years, beginning on July 1, 2023, subject to Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.

F5 · derivative.expiration_date: Represents an award of restricted stock units ("RSUs") that vests in equal quarterly installments over four years, beginning on July 1, 2023, subject to Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.

Read SEC document
April 01, 2025 Filed Apr 3, 2025 20:58 UTC
Papadopoulos DidierPresident of Aircraft OEM
Exercise / conversionRestricted Stock Units (RSUs) · Derivative 9,960 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0001819848-25-000264 · wk-form4_1743713896.xml · derivative · entry 8

Papadopoulos Didier · CIK 0001877717 · President of Aircraft OEM

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 29,881

Underlying: Common Stock · 9,960 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F4 · derivative.exercise_date: Represents an award of restricted stock units ("RSUs") that vests with respect to 10% of the total number of RSUs on each of the first four quarterly anniversaries of January 1, 2022 and as to 5% of the total number of RSUs on each quarterly anniversary thereafter, subject to the Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.

F4 · derivative.expiration_date: Represents an award of restricted stock units ("RSUs") that vests with respect to 10% of the total number of RSUs on each of the first four quarterly anniversaries of January 1, 2022 and as to 5% of the total number of RSUs on each quarterly anniversary thereafter, subject to the Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.

Read SEC document
April 01, 2025 Filed Apr 3, 2025 20:58 UTC
Papadopoulos DidierPresident of Aircraft OEM
Exercise / conversionCommon Stock 12,459 $0.00 $0.00
Disclosure

SEC source: 0001819848-25-000264 · wk-form4_1743713896.xml · nonDerivative · entry 3

Papadopoulos Didier · CIK 0001877717 · President of Aircraft OEM

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 94,825

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
April 01, 2025 Filed Apr 3, 2025 20:58 UTC
Papadopoulos DidierPresident of Aircraft OEM
Exercise / conversionCommon Stock 7,599 $0.00 $0.00
Disclosure

SEC source: 0001819848-25-000264 · wk-form4_1743713896.xml · nonDerivative · entry 2

Papadopoulos Didier · CIK 0001877717 · President of Aircraft OEM

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 82,366

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
April 01, 2025 Filed Apr 3, 2025 20:58 UTC
Papadopoulos DidierPresident of Aircraft OEM
Exercise / conversionCommon Stock 9,960 $0.00 $0.00
Disclosure

SEC source: 0001819848-25-000264 · wk-form4_1743713896.xml · nonDerivative · entry 1

Papadopoulos Didier · CIK 0001877717 · President of Aircraft OEM

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 74,767

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
April 01, 2025 Filed Apr 3, 2025 20:59 UTC
Bowles GregorySee Remarks
Exercise / conversionRestricted Stock Units (RSUs) · Derivative 6,229 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0001819848-25-000268 · wk-form4_1743713938.xml · derivative · entry 6

Bowles Gregory · CIK 0001877894 · See Remarks

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 68,522

Underlying: Common Stock · 6,229 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · derivative.exercise_date: Represents an award of restricted stock units ("RSUs") that vest in 16 equal installments on the quarterly anniversary of January 1, 2024, subject to the Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.

F3 · derivative.expiration_date: Represents an award of restricted stock units ("RSUs") that vest in 16 equal installments on the quarterly anniversary of January 1, 2024, subject to the Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.

Read SEC document
April 01, 2025 Filed Apr 3, 2025 20:59 UTC
Bowles GregorySee Remarks
Exercise / conversionRestricted Stock Units (RSUs) · Derivative 5,224 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0001819848-25-000268 · wk-form4_1743713938.xml · derivative · entry 5

Bowles Gregory · CIK 0001877894 · See Remarks

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 47,018

Underlying: Common Stock · 5,224 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_date: Represents an award of restricted stock units ("RSUs") that vests in equal quarterly installments over four years, beginning on July 1, 2023, subject to the Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.

F2 · derivative.expiration_date: Represents an award of restricted stock units ("RSUs") that vests in equal quarterly installments over four years, beginning on July 1, 2023, subject to the Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.

Read SEC document
April 01, 2025 Filed Apr 3, 2025 20:59 UTC
Bowles GregorySee Remarks
Exercise / conversionCommon Stock 6,229 $0.00 $0.00
Disclosure

SEC source: 0001819848-25-000268 · wk-form4_1743713938.xml · nonDerivative · entry 2

Bowles Gregory · CIK 0001877894 · See Remarks

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 164,733

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
April 01, 2025 Filed Apr 3, 2025 20:59 UTC
Bowles GregorySee Remarks
Exercise / conversionCommon Stock 5,224 $0.00 $0.00
Disclosure

SEC source: 0001819848-25-000268 · wk-form4_1743713938.xml · nonDerivative · entry 1

Bowles Gregory · CIK 0001877894 · See Remarks

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 158,504

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
April 01, 2025 Filed Apr 3, 2025 20:58 UTC
Allison EricChief Product Officer
Exercise / conversionRestricted Stock Units (RSUs) · Derivative 8,306 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0001819848-25-000267 · wk-form4_1743713927.xml · derivative · entry 6

Allison Eric · CIK 0001877636 · Chief Product Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 91,362

Underlying: Common Stock · 8,306 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · derivative.exercise_date: Represents an award of restricted stock units ("RSUs") that vest in 16 equal installments on the quarterly anniversary of January 1, 2024, subject to the Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.

F3 · derivative.expiration_date: Represents an award of restricted stock units ("RSUs") that vest in 16 equal installments on the quarterly anniversary of January 1, 2024, subject to the Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.

Read SEC document
April 01, 2025 Filed Apr 3, 2025 20:58 UTC
Allison EricChief Product Officer
Exercise / conversionRestricted Stock Units (RSUs) · Derivative 4,749 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0001819848-25-000267 · wk-form4_1743713927.xml · derivative · entry 5

Allison Eric · CIK 0001877636 · Chief Product Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 42,743

Underlying: Common Stock · 4,749 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_date: Represents an award of restricted stock units ("RSUs") that vests in equal quarterly installments over four years, beginning on July 1, 2023, subject to the Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.

F2 · derivative.expiration_date: Represents an award of restricted stock units ("RSUs") that vests in equal quarterly installments over four years, beginning on July 1, 2023, subject to the Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.

Read SEC document
April 01, 2025 Filed Apr 3, 2025 20:58 UTC
Allison EricChief Product Officer
Exercise / conversionCommon Stock 8,306 $0.00 $0.00
Disclosure

SEC source: 0001819848-25-000267 · wk-form4_1743713927.xml · nonDerivative · entry 2

Allison Eric · CIK 0001877636 · Chief Product Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 601,338

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
April 01, 2025 Filed Apr 3, 2025 20:58 UTC
Allison EricChief Product Officer
Exercise / conversionCommon Stock 4,749 $0.00 $0.00
Disclosure

SEC source: 0001819848-25-000267 · wk-form4_1743713927.xml · nonDerivative · entry 1

Allison Eric · CIK 0001877636 · Chief Product Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 593,032

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
April 01, 2025 Filed Apr 3, 2025 20:58 UTC
Simi Bonny WPresident of Operations
Exercise / conversionRestricted Stock Units (RSUs) · Derivative 10,382 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0001819848-25-000265 · wk-form4_1743713906.xml · derivative · entry 6

Simi Bonny W · CIK 0001703083 · President of Operations

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 114,202

Underlying: Common Stock · 10,382 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · derivative.exercise_date: Represents an award of restricted stock units ("RSUs") that vest in 16 equal installments on the quarterly anniversary of January 1, 2024, subject to the Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.

F3 · derivative.expiration_date: Represents an award of restricted stock units ("RSUs") that vest in 16 equal installments on the quarterly anniversary of January 1, 2024, subject to the Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.

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April 01, 2025 Filed Apr 3, 2025 20:58 UTC
Simi Bonny WPresident of Operations
Exercise / conversionRestricted Stock Units (RSUs) · Derivative 5,699 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0001819848-25-000265 · wk-form4_1743713906.xml · derivative · entry 5

Simi Bonny W · CIK 0001703083 · President of Operations

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 51,292

Underlying: Common Stock · 5,699 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_date: Represents an award of restricted stock units ("RSUs") that vests in equal quarterly installments over four years, beginning on July 1, 2023, subject to the Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.

F2 · derivative.expiration_date: Represents an award of restricted stock units ("RSUs") that vests in equal quarterly installments over four years, beginning on July 1, 2023, subject to the Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.

Read SEC document
April 01, 2025 Filed Apr 3, 2025 20:58 UTC
Simi Bonny WPresident of Operations
Exercise / conversionCommon Stock 10,382 $0.00 $0.00
Disclosure

SEC source: 0001819848-25-000265 · wk-form4_1743713906.xml · nonDerivative · entry 2

Simi Bonny W · CIK 0001703083 · President of Operations

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 219,603

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
April 01, 2025 Filed Apr 3, 2025 20:58 UTC
Simi Bonny WPresident of Operations
Exercise / conversionCommon Stock 5,699 $0.00 $0.00
Disclosure

SEC source: 0001819848-25-000265 · wk-form4_1743713906.xml · nonDerivative · entry 1

Simi Bonny W · CIK 0001703083 · President of Operations

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 209,221

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
April 01, 2025 Filed Apr 3, 2025 20:58 UTC
Novikov SergeySee Remarks
Exercise / conversionRestricted Stock Units (RSUs) · Derivative 459 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0001819848-25-000266 · wk-form4_1743713917.xml · derivative · entry 15

Novikov Sergey · CIK 0002048665 · See Remarks

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,298

Underlying: Common Stock · 459 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F6 · derivative.exercise_date: Represents an award of restricted stock units ("RSUs") that vests with respect to 10% of the total number of RSUs on each of the first four quarterly anniversaries of July 1, 2022 and as to 5% of the total number of RSUs on each quarterly anniversary thereafter, subject to the Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.

F6 · derivative.expiration_date: Represents an award of restricted stock units ("RSUs") that vests with respect to 10% of the total number of RSUs on each of the first four quarterly anniversaries of July 1, 2022 and as to 5% of the total number of RSUs on each quarterly anniversary thereafter, subject to the Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.

Read SEC document
April 01, 2025 Filed Apr 3, 2025 20:58 UTC
Novikov SergeySee Remarks
Exercise / conversionRestricted Stock Units (RSUs) · Derivative 809 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0001819848-25-000266 · wk-form4_1743713917.xml · derivative · entry 14

Novikov Sergey · CIK 0002048665 · See Remarks

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 8,899

Underlying: Common Stock · 809 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F5 · derivative.exercise_date: Represents an award of restricted stock units ("RSUs") that vests in equal quarterly installments over four years, beginning on April 1, 2024, subject to the Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.

F5 · derivative.expiration_date: Represents an award of restricted stock units ("RSUs") that vests in equal quarterly installments over four years, beginning on April 1, 2024, subject to the Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.

Read SEC document
April 01, 2025 Filed Apr 3, 2025 20:58 UTC
Novikov SergeySee Remarks
Exercise / conversionRestricted Stock Units (RSUs) · Derivative 1,563 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0001819848-25-000266 · wk-form4_1743713917.xml · derivative · entry 13

Novikov Sergey · CIK 0002048665 · See Remarks

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 14,064

Underlying: Common Stock · 1,563 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F4 · derivative.exercise_date: Represents an award of restricted stock units ("RSUs") that vests with respect to 16.66% of the RSUs on July 1, 2022 and as to the remaining 83.34% in 20 quarterly installments thereafter, subject to the Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.

F4 · derivative.expiration_date: Represents an award of restricted stock units ("RSUs") that vests with respect to 16.66% of the RSUs on July 1, 2022 and as to the remaining 83.34% in 20 quarterly installments thereafter, subject to the Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.

Read SEC document
April 01, 2025 Filed Apr 3, 2025 20:58 UTC
Novikov SergeySee Remarks
Exercise / conversionRestricted Stock Units (RSUs) · Derivative 370 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0001819848-25-000266 · wk-form4_1743713917.xml · derivative · entry 12

Novikov Sergey · CIK 0002048665 · See Remarks

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 3,328

Underlying: Common Stock · 370 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · derivative.exercise_date: Represents an award of restricted stock units ("RSUs") that vests with respect to 10% of the total number of RSUs on each of the first four quarterly anniversaries of July 1, 2023 and as to 5% of the total number of RSUs on each quarterly anniversary thereafter, subject to the Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.

F3 · derivative.expiration_date: Represents an award of restricted stock units ("RSUs") that vests with respect to 10% of the total number of RSUs on each of the first four quarterly anniversaries of July 1, 2023 and as to 5% of the total number of RSUs on each quarterly anniversary thereafter, subject to the Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.

Read SEC document
April 01, 2025 Filed Apr 3, 2025 20:58 UTC
Novikov SergeySee Remarks
Exercise / conversionRestricted Stock Units (RSUs) · Derivative 1,191 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0001819848-25-000266 · wk-form4_1743713917.xml · derivative · entry 11

Novikov Sergey · CIK 0002048665 · See Remarks

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 15,487

Underlying: Common Stock · 1,191 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_date: Represents an award of restricted stock units ("RSUs") that vests in equal quarterly installments over four years, beginning on October 1, 2024, subject to the Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.

F2 · derivative.expiration_date: Represents an award of restricted stock units ("RSUs") that vests in equal quarterly installments over four years, beginning on October 1, 2024, subject to the Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.

Read SEC document
April 01, 2025 Filed Apr 3, 2025 20:58 UTC
Novikov SergeySee Remarks
Exercise / conversionCommon Stock 459 $0.00 $0.00
Disclosure

SEC source: 0001819848-25-000266 · wk-form4_1743713917.xml · nonDerivative · entry 5

Novikov Sergey · CIK 0002048665 · See Remarks

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 50,699

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
April 01, 2025 Filed Apr 3, 2025 20:58 UTC
Novikov SergeySee Remarks
Exercise / conversionCommon Stock 809 $0.00 $0.00
Disclosure

SEC source: 0001819848-25-000266 · wk-form4_1743713917.xml · nonDerivative · entry 4

Novikov Sergey · CIK 0002048665 · See Remarks

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 50,240

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
April 01, 2025 Filed Apr 3, 2025 20:58 UTC
Novikov SergeySee Remarks
Exercise / conversionCommon Stock 1,563 $0.00 $0.00
Disclosure

SEC source: 0001819848-25-000266 · wk-form4_1743713917.xml · nonDerivative · entry 3

Novikov Sergey · CIK 0002048665 · See Remarks

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 49,431

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
April 01, 2025 Filed Apr 3, 2025 20:58 UTC
Novikov SergeySee Remarks
Exercise / conversionCommon Stock 370 $0.00 $0.00
Disclosure

SEC source: 0001819848-25-000266 · wk-form4_1743713917.xml · nonDerivative · entry 2

Novikov Sergey · CIK 0002048665 · See Remarks

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 47,868

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
April 01, 2025 Filed Apr 3, 2025 20:58 UTC
Novikov SergeySee Remarks
Exercise / conversionCommon Stock 1,191 $0.00 $0.00
Disclosure

SEC source: 0001819848-25-000266 · wk-form4_1743713917.xml · nonDerivative · entry 1

Novikov Sergey · CIK 0002048665 · See Remarks

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 47,498

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
March 25, 2025 Filed Mar 26, 2025 20:04 UTC
Simi Bonny WPresident of Operations
Exercise / conversionStock Options · Derivative 56,581 $0.00 Strike: $1.77 $0.00
Disclosure

SEC source: 0001819848-25-000241 · wk-form4_1743019472.xml · derivative · entry 3

Simi Bonny W · CIK 0001703083 · President of Operations

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 851,582

Underlying: Common Stock · 56,581 shares

Expires 2030-12-17

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · derivative.exercise_date: Represents a stock option that is immediately exercisable with respect to 74% of the underlying shares and 3.74% of the underlying shares become exercisable thereafter on each of December 15, 2021 and March 15 of each of the following years with the last installment becoming exercisable on January 1, 2027.

F3 · derivative.expiration_date: Represents a stock option that is immediately exercisable with respect to 74% of the underlying shares and 3.74% of the underlying shares become exercisable thereafter on each of December 15, 2021 and March 15 of each of the following years with the last installment becoming exercisable on January 1, 2027.

Read SEC document
March 25, 2025 Filed Mar 26, 2025 20:04 UTC
Simi Bonny WPresident of Operations
Exercise / conversionCommon Stock 56,581 $1.77 $100,148.37
Disclosure

SEC source: 0001819848-25-000241 · wk-form4_1743019472.xml · nonDerivative · entry 2

Simi Bonny W · CIK 0001703083 · President of Operations

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 203,522

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
March 24, 2025 Filed Mar 26, 2025 20:04 UTC SaleCommon Stock 166,667 $6.78 $1,130,002.26
Disclosure

SEC source: 0001819848-25-000242 · wk-form4_1743019483.xml · nonDerivative · entry 1

Sciarra Paul Cahill · CIK 0001782533 · Director

10b5-1 filing: Plan reported

Ownership: Indirect · By Sciarra Management Trust

Disclosed balance after: 58,494,728

F1 · kind: Sale made pursuant to the Reporting Person's approved 10b5-1 trading plan adopted on June 27, 2024.

F2 · price: This transaction was executed in multiple trades at prices ranging from $6.70 to $6.85. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F3 · ownership.nature: The shares of common stock are held of record by Sciarra Management Trust. The Reporting Person has voting and dispositive power of the shares held by Sciarra Management Trust therefore may be deemed to be the beneficial owner of such shares.

Read SEC document
March 24, 2025 Filed Mar 26, 2025 20:04 UTC
Simi Bonny WPresident of Operations
SaleCommon Stock 9,695 $6.78 $65,732.10
Disclosure

SEC source: 0001819848-25-000241 · wk-form4_1743019472.xml · nonDerivative · entry 1

Simi Bonny W · CIK 0001703083 · President of Operations

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 146,941

F1 · kind: Sale made pursuant to the Reporting Person's approved 10b5-1 trading plan adopted on March 4, 2024.

F2 · price: This transaction was executed in multiple trades at prices ranging from $6.70 to $6.84. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

Read SEC document
March 18, 2025 Filed Mar 18, 2025 20:59 UTC
Papadopoulos DidierPresident of Aircraft OEM
SaleCommon Stock 3,710 $6.27 $23,261.70
Disclosure

SEC source: 0001819848-25-000238 · wk-form4_1742331584.xml · nonDerivative · entry 3

Papadopoulos Didier · CIK 0001877717 · President of Aircraft OEM

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 64,807

F2 · kind: Sale made pursuant to the Reporting Person's approved 10b5-1 trading plan adopted on March 15, 2024.

F3 · price: This transaction was executed in multiple trades at prices ranging from $6.15 to $6.36. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

Read SEC document
March 17, 2025 Filed Mar 18, 2025 20:59 UTC
Papadopoulos DidierPresident of Aircraft OEM
SaleCommon Stock 4,220 $6.40 $27,008.00
Disclosure

SEC source: 0001819848-25-000238 · wk-form4_1742331584.xml · nonDerivative · entry 2

Papadopoulos Didier · CIK 0001877717 · President of Aircraft OEM

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 68,517

F1 · kind: Represents the aggregate number of shares sold by the Reporting Person to cover taxes due upon the release and settlement of the RSUs, as required by the terms of the RSU award.

Read SEC document
March 14, 2025 Filed Mar 18, 2025 20:59 UTC
Papadopoulos DidierPresident of Aircraft OEM
Exercise / conversionRestricted Stock Units (RSUs) · Derivative 11,641 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0001819848-25-000238 · wk-form4_1742331584.xml · derivative · entry 4

Papadopoulos Didier · CIK 0001877717 · President of Aircraft OEM

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 104,773

Underlying: Common Stock · 11,641 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F4 · derivative.exercise_date: Represents an award of restricted stock units ("RSUs") that vests with respect to 16.66% of the RSUs on June 14, 2022 and as to the remaining 83.34% in 20 quarterly installments thereafter, subject to the reporting person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.

F4 · derivative.expiration_date: Represents an award of restricted stock units ("RSUs") that vests with respect to 16.66% of the RSUs on June 14, 2022 and as to the remaining 83.34% in 20 quarterly installments thereafter, subject to the reporting person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.

Read SEC document
March 14, 2025 Filed Mar 18, 2025 20:59 UTC
Papadopoulos DidierPresident of Aircraft OEM
Exercise / conversionCommon Stock 11,641 $0.00 $0.00
Disclosure

SEC source: 0001819848-25-000238 · wk-form4_1742331584.xml · nonDerivative · entry 1

Papadopoulos Didier · CIK 0001877717 · President of Aircraft OEM

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 72,737

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document

Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.