Brumana Rodrigo 4

What Happened

• Rodrigo Brumana, Chief Financial Officer of Joby Aviation (JOBY), reported the conversion of 5,045 restricted stock units (RSUs) into common shares on 2026-04-01 (transaction code M). The RSUs converted at $0 (no cash exercise price).
• To cover taxes due on the RSU settlement, Brumana sold 1,839 of those shares in open-market trades on 2026-04-02 for a weighted average price of $8.15, generating proceeds of $14,988. The filing shows the RSU/derivative conversion and the subsequent sale to satisfy tax withholding.

Key Details

• Transaction dates: RSU conversion 2026-04-01; sale to cover taxes 2026-04-02. Filing date: 2026-04-03 (timely).
• Conversion: 5,045 RSUs converted to 5,045 common shares (code M) at $0.
• Sale: 1,839 shares disposed; weighted average sale price $8.15; proceeds $14,988. Trades executed at prices ranging $8.15–$8.44. (Footnote F2)
• Tax withholding: The sale represents shares sold to cover taxes on the RSU settlement, per footnote F1.
• RSU terms: The awards vest over quarterly anniversaries beginning Jan 1, 2026 (5% initial quarterly tranches then 10% thereafter), each RSU entitles holder to one share upon vesting (footnote F3).
• Shares owned after the transactions: not specified in the Form 4 filing.

Context

• This is a conversion/settlement of RSUs (not an option purchase) with a partial sell-to-cover for tax withholding. Such sell-to-cover transactions are routine and do not necessarily indicate a change in insider sentiment.