Brumana Rodrigo 4

What Happened
Rodrigo Brumana, Chief Financial Officer of Joby Aviation (JOBY), had restricted stock units (RSUs) convert into 1,553 shares (recorded as an exercise/conversion). To satisfy withholding/tax obligations related to the vesting, 1,553 shares were withheld/surrendered (no cash proceeds). Separately, Brumana sold 566 shares in an open-market transaction on April 8, 2026, at $8.87 per share for proceeds of $5,020. These transactions are routinely associated with RSU vesting and tax withholding rather than a standalone investment decision.

Key Details

• Transaction dates: conversion/vesting recorded April 7, 2026; open-market sale on April 8, 2026. Form filed April 9, 2026 (appears timely).
• Shares acquired by conversion: 1,553 shares at $0.00 (derivative conversion of RSUs).
• Shares withheld/disposed for taxes: 1,553 shares recorded as disposed at $0 (tax withholding/settlement).
• Open-market sale: 566 shares sold at $8.87 each for total proceeds of $5,020.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote highlights: the withheld/disposed shares were used to cover taxes due upon RSU settlement (tax-withholding). The RSU award can vest between 0%–200% in equal installments (Mar 9 and Apr 7, 2026) based on performance; each RSU can convert into up to two shares upon vesting.

Context
This activity primarily reflects RSU vesting and routine tax-withholding/sale mechanics, not an independent buy or sell signal. For derivative/RSU transactions: conversion into shares followed by withholding or sale to cover taxes is common and does not necessarily indicate a change in insider sentiment.