Papadopoulos Didier 4

What Happened

• Didier Papadopoulos, President of Aircraft OEM at Joby Aviation, had RSU awards convert into 1,601 shares on April 7, 2026 (no cash paid). He then sold 826 of those shares in an open-market sale on April 8, 2026 at $8.87 each, raising $7,327. The sale was to cover taxes associated with the RSU settlement.

Key Details

• Transaction dates/prices:
  • 2026-04-07: Exercise/conversion of derivative (RSU settlement) — 1,601 shares @ $0.00 (acquired)
  • 2026-04-07: Derivative disposition entry for 1,601 shares @ $0.00 (reflects RSU settlement)
  • 2026-04-08: Open-market sale — 826 shares @ $8.87 each = $7,327 (disposed)
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnotes:
  • F1: The 826-share sale represents shares sold to cover taxes due upon RSU release/settlement.
  • F2: Each RSU can convert into up to two shares; vesting (0%–200% of the award) was tied to performance and scheduled in equal installments on March 9, 2026 and April 7, 2026.
• Filing timeliness: Form 4 filed April 9, 2026 reporting transactions from April 7–8, 2026 — appears timely (filed within standard reporting window).

Context

• This was a settlement of restricted stock units (derivative/RSU conversion) followed by a routine sale of a portion of the settled shares to satisfy tax withholding obligations (a common post-vesting action). The conversion shows $0 cost because the shares were issued upon RSU settlement rather than purchased. Sales to cover taxes are standard and are not necessarily an indicator of the insider’s view on the stock.