DeHoff Kate 4

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.