Brumana Rodrigo 4
4 · Joby Aviation, Inc. · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
Joby (JOBY) CFO Rodrigo Brumana Exercises RSUs; Sells 140,716 Shares
What Happened
Rodrigo Brumana, Chief Financial Officer of Joby Aviation (JOBY), had 293,686 restricted stock units (RSUs) vest and convert to common shares on June 1, 2026 (reported as an exercise/conversion). Following vesting, he sold 140,716 of those shares in an open-market transaction on June 2, 2026 for total proceeds of $1,656,227 (weighted average price $11.77). The conversion occurred at no exercise price (RSUs), and the sale appears to be a tax-withholding/cashless-sale to cover taxes due on the vested RSUs.
Key Details
- Transaction dates: RSU conversion/exercise on 2026-06-01; open-market sale on 2026-06-02. Form 4 filed 2026-06-03 (timely filing).
- Sale price(s): weighted average $11.77; executed in multiple trades at prices ranging $11.77–$11.90.
- Proceeds: $1,656,227 (for 140,716 shares sold).
- Shares converted: 293,686 RSUs converted to common stock (no exercise price).
- Net shares retained from this vesting event: 152,970 (293,686 converted − 140,716 sold). This is the net result of these transactions, not the total number of shares Brumana beneficially owns.
- Footnotes: F1 indicates the sale was to cover taxes on the RSU settlement; F3 describes the RSU vesting schedule (25% vested 6/1/2026, remainder quarterly thereafter); F2 notes the sale was executed in multiple trades and the filer can provide trade-level details on request.
Context
This was an RSU vesting and subsequent sale to satisfy tax withholding obligations (a common, routine transaction). The M code denotes exercise/conversion of a derivative (RSU conversion to shares). Such tax-withholding sales are not necessarily a signal of insider sentiment about the company; they simply settle tax liabilities triggered by vesting.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-06-01+293,686→ 300,899 total - Sale
Common Stock
[F1][F2]2026-06-02$11.77/sh−140,716$1,656,227→ 160,183 total - Exercise/Conversion
Restricted Stock Units (RSUs)
[F3]2026-06-01−293,686→ 881,057 totalExercise: $0.00→ Common Stock (293,686 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 25% of the RSUs on June 1, 2026 and as to 6.25% of the total number of RSUs on each quarterly anniversary thereafter, subject to Reporting Person's continued status as a Service Provider through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.