Brumana Rodrigo 4

What Happened

• Rodrigo Brumana, Chief Financial Officer of Joby Aviation (JOBY), received two RSU awards on March 18, 2026: 100,908 RSUs and 201,816 RSUs (total 302,724 RSUs). Both were granted at $0.00 (awards/derivative grants), meaning no cash changed hands at grant. Each RSU represents the right to receive one share of common stock upon vesting.

Key Details

• Transaction date and type: 2026-03-18 — Grant/Award (Code A) of RSUs; reported on Form 4 filed 2026-03-20 (filed within typical 2‑business-day window).
• Share counts and price: 100,908 RSUs @ $0.00 and 201,816 RSUs @ $0.00; combined 302,724 RSUs.
• Shares owned after transaction: Not disclosed in this filing.
• Notable footnotes:
  • The 100,908‑RSU award vests primarily on a time-based quarterly schedule (5% of the award vests on each of the first four quarterly anniversaries of Jan 1, 2026, then 10% on each subsequent quarterly anniversary), subject to continued service (Footnote F1).
  • The 201,816‑RSU award vests in multiple tranches tied to specified performance goals, provided those goals are achieved on or before the third anniversary of the grant and subject to continued service (Footnote F2).
• No tax withholding sales, 10b5-1 plan, or late-filing flags are indicated in this Form 4.

Context

• These are derivative/time- and performance-based compensation awards, not open‑market purchases or sales. They do not represent immediate economic gain until/unless the RSUs vest and convert to shares (and their ultimate value depends on Joby’s share price at vesting).
• Grants like these are common for executive compensation and are typically intended to retain executives and align pay with company performance; they should not be interpreted as an immediate buy/sell signal.