DeHoff Kate 4
4 · Joby Aviation, Inc. · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
Joby (JOBY) Chief Legal Officer Kate DeHoff Sells Shares
What Happened
Kate DeHoff, Chief Legal Officer and Corporate Secretary of Joby Aviation (JOBY), had 18,574 restricted stock units (RSUs vest) convert to common shares on 2026-04-01 (three separate conversions of 5,224; 8,305; and 5,045 shares). On 2026-04-02 she sold 9,594 of those shares in the open market for total proceeds of $78,191. The exercised/converted shares were reported at $0 acquisition cost (typical for RSU settlement). The sale was executed to satisfy tax withholding obligations related to the RSU vesting.
Key Details
- Transaction dates: RSU conversion/exercise on 2026-04-01; open-market sale on 2026-04-02. Filing date: 2026-04-03 (appears timely).
- Sale price: weighted average reported $8.15 per share; individual trades ranged from $8.15 to $8.44 (footnote).
- Shares: 18,574 RSUs converted to shares; 9,594 shares sold; remaining 8,980 shares from this conversion likely retained.
- Proceeds: $78,191 from the open-market sale.
- Footnotes: F1 indicates the sale was to cover taxes on RSU settlement; F2 notes multiple trade prices and weighted average; F3–F5 describe the underlying RSU awards and vesting schedules.
- Filing timeliness: Report filed 04-03/2026 for transactions on 04-01–04-02 — appears to meet the Form 4 reporting window.
Context
- These were RSU settlements (derivative-to-share conversions), not purchases of stock. The sale was a routine “sell to cover” for taxes rather than a discretionary open-market sale intended to raise cash or signal conviction.
- For retail investors: RSU vesting and sell-to-cover are common and typically reflect tax mechanics rather than a strong buy/sell signal from the insider.
Insider Transaction Report
Form 4
DeHoff Kate
See Remarks
Transactions
- Exercise/Conversion
Common Stock
2026-04-01+5,224→ 165,727 total - Exercise/Conversion
Common Stock
2026-04-01+8,305→ 174,032 total - Exercise/Conversion
Common Stock
2026-04-01+5,045→ 179,077 total - Sale
Common Stock
[F1][F2]2026-04-02$8.15/sh−9,594$78,191→ 169,483 total - Exercise/Conversion
Restricted Stock Units (RSUs)
[F3]2026-04-01−5,224→ 26,121 totalExercise: $0.00→ Common Stock (5,224 underlying) - Exercise/Conversion
Restricted Stock Units (RSUs)
[F4]2026-04-01−8,305→ 58,140 totalExercise: $0.00→ Common Stock (8,305 underlying) - Exercise/Conversion
Restricted Stock Units (RSUs)
[F5]2026-04-01−5,045→ 95,863 totalExercise: $0.00→ Common Stock (5,045 underlying)
Footnotes (5)
- [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]This transaction was executed in multiple trades at prices ranging from $8.15 to $8.44. 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.
- [F3]Represents an award of restricted stock units ("RSUs") that vests in equal installments over four years, on the quarterly anniversary of July 1, 2023, 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.
- [F4]Represents an award of restricted stock units ("RSUs") that vest in 16 equal installments on the quarterly anniversary of January 1, 2024, 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.
- [F5]Represents an award of restricted stock units ("RSUs") that vests with respect to 5% of the total number of RSUs on each of the first four quarterly anniversaries of January 1, 2026 and as to 10% of the total number of RSUs on each quarterly anniversary 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.
Signature
/s/ Sarah Slayen, Attorney-in-Fact for Kate Dehoff|2026-04-03