Papadopoulos Didier 4

What Happened
Didier Papadopoulos, President of Aircraft OEM at Joby Aviation (JOBY), had RSUs vest and converted to 25,102 shares on April 1, 2026 (three separate conversions of 7,599; 12,458; and 5,045 shares). Following vesting, he sold 12,965 shares in the open market on April 2, 2026 for total reported proceeds of $105,665 (weighted average sale price reported as $8.15). The shares acquired on vesting were recorded at $0.00 cost (RSU conversion).

Key Details

• Transaction dates: RSU conversion/exercise/conversion on 2026-04-01; open-market sale on 2026-04-02. Filing date: 2026-04-03 (appears timely).
• Shares: 25,102 shares acquired via RSU conversion; 12,965 shares sold; net increase of 12,137 shares held (25,102 acquired − 12,965 sold).
• Sale price/proceeds: weighted average sale price $8.15; total proceeds $105,665. Per footnote, trades ranged $8.15–$8.43.
• Footnotes of note: F1—shares sold to cover taxes due on RSU release (sell-to-cover); F2—sale executed in multiple trades, weighted avg reported; F3–F5—these were RSU awards subject to multi-year/quarterly vesting schedules.
• Shares owned after the transaction: not specified in the provided excerpt of the filing.

Context

• These transactions represent RSU vesting and a routine sell-to-cover tax withholding, not an independent open-market purchase. RSU conversions show as exercise/conversion of a derivative (Form 4 code M); the immediate partial sale was to satisfy tax obligations.
• Sales to cover taxes are common and generally considered routine rather than a directional bet on the stock; no 10b5-1 plan or other trading plan was indicated in the provided notes.