Brumana Rodrigo 4

What Happened
Rodrigo Brumana, Chief Financial Officer of Joby Aviation (JOBY), had 1,219 restricted stock units (RSUs convert/derive) settle on Feb 9, 2026 (reported as an exercise/conversion of a derivative at $0). Per the filing, shares were withheld to cover taxes and Brumana sold 510 shares in the open market on Feb 10, 2026 at $10.55 each, generating $5,381 in proceeds. The transactions are primarily vesting/tax-withholding and a subsequent small open-market sale, not a cash purchase.

Key Details

• Transaction dates/prices:
  • Feb 9, 2026: Conversion/exercise of 1,219 RSUs → 1,219 shares at $0.00 (reported as derivative M).
  • Feb 9, 2026: 1,219 shares reported disposed at $0.00 (derivative) — related to tax withholding.
  • Feb 10, 2026: Open-market sale of 510 shares at $10.55, proceeds $5,381.
• Shares owned after transaction: Not specified in the filing provided.
• Footnotes:
  • F1: Shares were sold/withheld to cover taxes upon RSU settlement.
  • F2: The underlying award was RSUs that vest in installments (Jan 12, Feb 9, Mar 9, 2026) based on performance and continued service; each RSU converts to one share upon vesting.
• Filing timeliness: Form 4 filed Feb 11, 2026 for transactions dated Feb 9–10, 2026 (no late filing indicated).

Context: The Feb 9 entries reflect RSU settlement (conversion to common stock) with shares withheld to satisfy tax obligations; the Feb 10 sale appears to be a routine open-market sale of a portion of the vested shares. Such tax-withholding and small disposition transactions are common following RSU vesting and do not, by themselves, indicate the insider’s broader view on the stock.