DeHoff Kate 4

What Happened

• Kate DeHoff, Joby’s Chief Legal Officer & Corporate Secretary, had RSUs settle and converted 2,958 shares on Feb 9, 2026 (recorded as a derivative conversion at $0.00). She sold a total of 17,311 shares in open-market transactions on Feb 10–11, 2026, generating about $172,241 in proceeds (1,076 shares at $10.55 on Feb 10 = $11,352; 16,235 shares at a weighted average $9.91 on Feb 11 = $160,889). The RSU conversion included shares withheld to cover taxes.

Key Details

• Dates/prices: Feb 9, 2026 — 2,958 RSUs converted (acquired at $0.00); Feb 10, 2026 — sold 1,076 shares @ $10.55; Feb 11, 2026 — sold 16,235 shares @ weighted avg $9.91 (trades ranged $9.68–$10.20).
• Proceeds: ~ $172,241 total from the two open-market sales.
• Tax withholding: 2,958 shares were withheld/treated at $0.00 to cover taxes upon RSU settlement (footnote F1).
• Plan/authorization: Sales were executed pursuant to an approved 10b5-1 trading plan adopted May 13, 2025 (footnote F2).
• Award details: The converted shares came from RSUs that vest in installments (Jan 12, Feb 9, Mar 9) based on performance (0%–125% vesting) and continued service (footnote F4).
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: Report filed Feb 11, 2026 for activity on Feb 9–11 — appears to be timely (Form 4 is generally due within 2 business days).

Context

• These transactions reflect RSU vesting and subsequent sales (including shares withheld for taxes) rather than an open-market purchase. Sales executed under a 10b5-1 plan are generally pre-set and routine; such sales do not, by themselves, indicate insider sentiment about the company’s prospects.