Papadopoulos Didier 4
4 · Joby Aviation, Inc. · Filed Feb 11, 2026
Research Summary
AI-generated summary of this filing
Joby Aviation (JOBY) President Didier Papadopoulos Sells Shares
What Happened
Didier Papadopoulos, President of Aircraft OEM at Joby Aviation (JOBY), had 3,663 restricted stock units (RSUs) vest and settle on Feb 9, 2026 (acquiring 3,663 shares). To cover taxes on that settlement, 3,663 shares were withheld. Separately, Papadopoulos sold 1,333 shares in open-market trades on Feb 10, 2026 for a weighted average price of $10.55 ($14,063) and sold 816 shares on Feb 11, 2026 at $10.14 ($8,274). Total open-market proceeds were about $22,337. The RSU withholding is a non-cash tax-withholding event.
Key Details
- Transaction dates: RSU settlement/exercise on 2026-02-09; open-market sales on 2026-02-10 and 2026-02-11. Filing date: 2026-02-11.
- Sales/prices: 1,333 shares at a weighted avg $10.55 ($14,063; multiple trades ranged $10.55–$10.66); 816 shares at $10.14 ($8,274).
- RSUs: 3,663 RSUs vested/settled on 2026-02-09; 3,663 shares were withheld to cover taxes (reported as a derivative-related disposition).
- Plan/authority: The Feb 11 sale was made under an approved 10b5-1 trading plan adopted Sept 2, 2025. The tax withholding sale is routine per the RSU award terms.
- Shares owned after the transactions: not disclosed in the provided filing excerpt.
- Filing timeliness: Filed on 2026-02-11 covering transactions on Feb 9–11; appears to be filed within standard Form 4 timing requirements.
Context
The filing shows a vesting of performance-contingent RSUs (the award can vest between 0%–125% across specific dates based on goals) and routine actions to cover tax obligations plus planned open-market sales. RSU vesting and tax-withholding sales are common and do not, by themselves, indicate a change in an insider’s view of the company. Sales made under a 10b5-1 plan are pre-arranged and generally considered routine disposition mechanisms rather than opportunistic trades.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-02-09+3,663→ 118,874 total - Sale
Common Stock
[F1][F2]2026-02-10$10.55/sh−1,333$14,063→ 117,541 total - Sale
Common Stock
[F3]2026-02-11$10.14/sh−816$8,274→ 116,725 total - Exercise/Conversion
Restricted Stock Units (RSUs)
[F4]2026-02-09−3,663→ 3,662 totalExercise: $0.00→ Common Stock (3,663 underlying)
Footnotes (4)
- [F1]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.
- [F2]This transaction was executed in multiple trades at prices ranging from $10.55 to $10.66. 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]Sale made pursuant to the Reporting Person's approved 10b5-1 trading plan adopted on September 2, 2025.
- [F4]Represents an award of restricted stock units ("RSUs"). Between 0% and 125% of the award will vest in equal installments on each of on January 12, 2026, February 9, 2026, and March 9, 2026, based on the achievement of specified goals and 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.