DeHoff Kate 4

What Happened

• Kate DeHoff, Chief Legal Officer and Corporate Secretary of Joby Aviation (JOBY), had 19,047 restricted stock units (RSUs) convert to common stock on Feb 12, 2026 (recorded as an exercise/conversion of a derivative at $0.00). She then sold 8,539 shares in an open-market sale on Feb 13, 2026 at $9.88 per share, generating proceeds of $84,365. The remaining converted shares stayed with the reporting person.

Key Details

• Transaction dates and prices:
  • 2026-02-12: Converted/exercised 19,047 RSUs into 19,047 shares (Acquired) at $0.00.
  • 2026-02-12: Corresponding derivative disposition reported for 19,047 shares (transaction type M, $0.00) related to the RSU settlement.
  • 2026-02-13: Open-market sale of 8,539 shares at $9.88 each for $84,365 (Disposed).
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnotes:
  • F1: The 8,539 shares sold were to cover taxes due upon release and settlement of the RSUs (tax withholding).
  • F2: The reported RSUs are performance-based awards (0%–125% payout possible), vesting in three equal annual installments from Feb 12, 2024, subject to performance goals and continued service.
• Filing timeliness: Form filed Feb 17, 2026 for transactions on Feb 12–13, 2026; no late-filing flag is indicated in the filing.

Context

• This was a conversion of RSUs into common shares (no cash purchase) followed by a partial sale to satisfy tax-withholding obligations — a routine administrative sale rather than an outright investment sale. Such tax-withholding sales are common when restricted awards vest and do not necessarily signal the insider’s market view.