DeHoff Kate 4

What Happened

• Kate DeHoff, Chief Legal Officer and Corporate Secretary of Joby Aviation (JOBY), had 22,547 restricted stock units (RSUs) vest on Feb 1, 2026. The RSUs converted into 22,547 shares (reported as an exercise/conversion of a derivative, code M) at $0 per share.
• Following the vesting, DeHoff sold 8,194 shares in an open-market transaction on Feb 2, 2026 at $10.48 per share, generating $85,873. The remaining 14,353 shares were retained after the sale/withholding.

Key Details

• Transaction dates and prices:
  • 2026-02-01: RSUs vested and converted to 22,547 shares (code M) at $0.00 per share (F2: RSUs vested 100% on Feb 1, 2026).
  • 2026-02-02: Open-market sale of 8,194 shares at $10.48 each = $85,873 (code S). Footnote F1 indicates shares were sold to cover taxes due on the RSU settlement.
• Net shares retained after these transactions: 22,547 − 8,194 = 14,353 shares.
• Filing: Form 4 reports the Feb 1–2 transactions and was filed Feb 3, 2026 (appears to be timely—within the usual two-business-day window).
• Reporting person role: Chief Legal Officer and Corporate Secretary (listed in Remarks).

Context

• These entries reflect RSU vesting and conversion rather than a cash purchase or option exercise requiring payment — the conversion was at $0 because the RSUs matured into shares (common for RSU awards).
• The sale of 8,194 shares was used to cover taxes associated with the RSU settlement (per footnote). Such sell-to-cover transactions are routine and do not necessarily indicate a view on the company’s stock.
• No 10% owner or 10b5-1 plan is indicated.