DeHoff Kate 4

What Happened

• Kate DeHoff, Chief Legal Officer and Corporate Secretary of Joby Aviation (JOBY), had RSUs convert to shares and completed both tax-withholding dispositions and open-market sales. On 2026-03-09 she converted/received 4,252 shares (2,958 + 1,294) at $0.00 (conversion of RSUs). Those 4,252 shares were immediately disposed (reported as $0) to cover taxes per the RSU terms. Separately, she sold 2,193 shares on 2026-03-10 at $10.25 ($22,478) and 1,433 shares on 2026-03-11 at $9.90 ($14,187) — total open-market proceeds of $36,665. The market sales were made under an approved 10b5-1 trading plan.

Key Details

• Transaction dates and prices:
  • 2026-03-09: conversion of 2,958 and 1,294 RSU-based shares at $0.00 (acquired then disposed for tax withholding)
  • 2026-03-10: sold 2,193 shares @ $10.25 = $22,478 (open market, 10b5-1)
  • 2026-03-11: sold 1,433 shares @ $9.90 = $14,187 (open market, 10b5-1)
• Shares converted/withheld for taxes: 4,252 (reported disposals at $0 per footnote F1)
• Open-market shares sold: 3,626 for $36,665 total
• Notable footnotes:
  • F1: Shares sold to cover taxes on RSU release
  • F2: Market sales made under a 10b5-1 plan adopted May 13, 2025
  • F3/F4: RSU award terms — vesting tied to performance and service; awards can convert to varying numbers of shares
• Filing timeliness: Report filed 2026-03-11 for transactions on/through 2026-03-09; filing appears timely (no late-filing flag in provided data)
• Shares owned after transaction: Not specified in the provided filing excerpts

Context

• The “M” derivative entries reflect conversion/exercise of RSU-type awards into common stock; the immediate $0 disposals are tax-withholding (a routine payroll tax settlement), not open-market cash sales. The separate open-market sales were executed under an existing 10b5-1 plan, which schedules trades regardless of short-term views. Routine tax-withholding and 10b5-1 sales are common and do not, by themselves, indicate insider confidence or pessimism. Purchases generally carry more informational weight than routine sales.