Papadopoulos Didier 4
4 · Joby Aviation, Inc. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Joby (JOBY) President Didier Papadopoulos Sells Shares
What Happened Didier Papadopoulos, President of Aircraft OEM at Joby Aviation (JOBY), had 11,642 restricted stock units (RSUs) convert to 11,642 shares (reported as a derivative conversion at $0.00) on 2026-03-14. Those shares were effectively used to satisfy tax withholding obligations. In addition, Papadopoulos sold a total of 6,825 shares in open-market transactions on 2026-03-16 and 2026-03-17, generating gross proceeds of about $67,607 (4,231 shares at a weighted avg $9.94 = $42,056; 2,594 shares at $9.85 = $25,551). These sales appear to be routine (tax withholding and trades under a pre-approved plan), not purchases.
Key Details
- Transaction types: conversion of RSUs (derivative conversion, code M) and open-market sales (code S).
- RSU conversion: 11,642 shares acquired on 2026-03-14 at $0.00 (per footnote, these are RSUs that vested).
- Tax withholding/derivative disposition: 11,642 shares were disposed on 2026-03-14 to cover taxes (no cash proceeds reported; footnote F1).
- Open-market sales:
- 2026-03-16: 4,231 shares sold at a weighted average $9.94, proceeds $42,056 (multiple trades priced $9.69–$9.93; F3).
- 2026-03-17: 2,594 shares sold at $9.85, proceeds $25,551.
- Some sales were made pursuant to a pre-approved 10b5-1 trading plan adopted Sept 2, 2025 (F2).
- RSU award vesting schedule described in filing (F4).
- Shares owned after the reported transactions: not specified in this Form 4.
- Filing: Reported on 2026-03-17 for transactions beginning 2026-03-14; no late filing indicated.
Context These transactions reflect the conversion/settlement of vested RSUs with shares withheld/sold to cover tax obligations and additional open-market sales executed under a 10b5-1 plan. Such sales are generally considered routine (tax or plan-driven) and do not, by themselves, indicate the insider’s view of company prospects.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-03-14+11,642→ 142,366 total - Sale
Common Stock
[F1]2026-03-16$9.94/sh−4,231$42,056→ 138,135 total - Sale
Common Stock
[F2][F3]2026-03-17$9.85/sh−2,594$25,551→ 135,541 total - Exercise/Conversion
Restricted Stock Units (RSUs)
[F4]2026-03-14−11,642→ 58,207 totalExercise: $0.00→ Common Stock (11,642 underlying)
Footnotes (4)
- [F1]Represents the aggregate number of shares sold by the Reporting Person to cover taxes due upon the release and settlement of the RSUs, as required by the terms of the RSU award.
- [F2]Sale made pursuant to the Reporting Person's approved 10b5-1 trading plan adopted on September 2, 2025.
- [F3]This transaction was executed in multiple trades at prices ranging from $9.69 to $9.93. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- [F4]Represents an award of restricted stock units ("RSUs") that vests with respect to 16.66% of the RSUs on June 14, 2022 and as to the remaining 83.34% in 20 quarterly installments thereafter, subject to the reporting person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.