Papadopoulos Didier 4

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.