DeLaine Prado Halimah 4
Research Summary
AI-generated summary
Joby (JOBY) Director DeLaine Prado Halimah Exercises Derivative, Receives RSUs
What Happened DeLaine Prado Halimah, a director of Joby Aviation (JOBY), executed derivative transactions on 2026-06-02: an exercise/conversion of 19,157 derivative shares at $0.00 (reported as both acquired and disposed in the filing) and a separate grant/award of 18,850 restricted stock units (RSUs) at $0.00. All reported transactions show a $0 per-share price and $0 total cash value on the Form 4, indicating no cash payment was reported in connection with these entries.
Key Details
- Transaction date: June 2, 2026. Price per share: $0.00 for all reported entries. Report filed June 3, 2026 (timely).
- Transactions reported:
- Code M (exercise/conversion of derivative): 19,157 shares acquired @ $0.00 and 19,157 shares disposed @ $0.00 (derivative).
- Code A (grant/award): 18,850 RSUs granted @ $0.00.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes: The filing references the Issuer’s annual director RSU awards:
- 2025 Annual Award vests on the earlier of the next annual meeting or June 6, 2026, subject to continued service.
- 2026 Annual Award vests on the earlier of the next annual meeting or June 2, 2027, subject to continued service.
- Filing status: Timely (transaction date 6/2/2026; Form 4 filed 6/3/2026).
Context
- Code M means a derivative (option or similar) was exercised or converted; the paired disposed entry likely reflects termination/conversion of the derivative instrument rather than an open‑market sale for cash. Code A indicates a grant of RSUs, which are contingent rights to receive common stock upon vesting.
- RSU grants to non-employee directors are common and generally vest based on continued service; they do not necessarily indicate an immediate buy/sell sentiment. No cash proceeds or open-market sales were reported in this filing.