DeHoff Kate 4
4 · Joby Aviation, Inc. · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
Joby (JOBY) CLO Kate DeHoff Sells Shares After RSU Vesting
What Happened
Kate DeHoff, Chief Legal Officer and Corporate Secretary of Joby Aviation (JOBY), had 29,368 restricted stock units (RSUs) vest on June 1, 2026 and the RSUs converted into common shares (recorded as an exercise/conversion of a derivative at $0). Following the vesting, she sold 15,201 shares in the open market at a weighted average price of $11.77, generating approximately $178,916. The sale was done to cover taxes due on the RSU settlement.
Key Details
- Transaction dates: RSU vest/settle on 2026-06-01; open-market sale on 2026-06-02.
- Sale details: 15,201 shares sold, weighted average price $11.77, total proceeds ≈ $178,916. Price range across trades was $11.77–$11.90 (per filing footnote).
- RSU award: 29,368 RSUs vested 100% on June 1, 2026 (each RSU converts to one share) per footnote.
- Tax withholding: The share sale represents shares sold to cover taxes due on the RSU settlement (footnote).
- Shares owned after transaction: Not specified in the filing.
- Filing timeliness: Report filed 2026-06-03 for transactions on 6/1–6/2; no late filing indicated.
Context
This was not a market-timed purchase but a routine tax-withholding sale after RSU vesting (commonly seen when equity awards settle). Such sales to cover taxes are standard administrative actions and do not necessarily indicate the insider’s view on the company’s stock.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-06-01+29,368→ 192,935 total - Sale
Common Stock
[F1][F2]2026-06-02$11.77/sh−15,201$178,916→ 177,734 total - Exercise/Conversion
Restricted Stock Units (RSUs)
[F3]2026-06-01−29,368→ 0 totalExercise: $0.00→ Common Stock (29,368 underlying)
Footnotes (3)
- [F1]Represents the aggregate number of shares sold by the Reporting Person to cover taxes due upon the release and settlement of the RSUs, as required by the terms of the RSU award.
- [F2]This transaction was executed in multiple trades at prices ranging from $11.77 to $11.90. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- [F3]Represents an award of restricted stock units ("RSUs") that vests with respect to 100% of the RSUs on June 1, 2026, subject to the Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.