Brumana Rodrigo 4

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.