DeHoff Kate 4

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.