Papadopoulos Didier 4

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.