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Joby Aviation, Inc.·4

Jun 3, 4:15 PM ET

Thompson Michael N. Jr. 4

Research Summary

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Joby (JOBY) Director Michael N. Thompson Jr. Exercises Derivatives, Receives RSUs

What Happened
Michael N. Thompson Jr., a non‑employee director of Joby Aviation (JOBY), reported exercise/conversion of derivative securities for 19,157 shares at a $0 exercise price on 2026-06-02 and a same‑day disposition of those derivative shares (reported as a derivative disposition). He was also granted 18,850 restricted stock units (RSUs) on 2026-06-02 with a $0 reported grant value; the RSUs are subject to vesting and the director elected to defer receipt under the Issuer’s Non‑Employee Director Compensation Program. No cash value was reported for the conversions or the grant (all $0).

Key Details

  • Transaction date: 2026-06-02; Form 4 filed 2026-06-03 (timely filing).
  • Exercise/conversion (code M): 19,157 shares @ $0.00 (acquired) and 19,157 shares @ $0.00 (disposed, derivative).
  • Grant/award (code A): 18,850 RSUs @ $0.00 (acquired); each RSU converts to one share upon vesting.
  • Shares owned after transaction: not specified in the provided filing.
  • Notable footnotes:
    • F1: Reporting person elected to defer receipt of the awarded shares under the non‑employee director compensation program.
    • F2: Some securities are held by Reinvent Sponsor LLC; Thompson may be deemed to have indirect pecuniary interest but disclaims beneficial ownership except to the extent of that interest.
    • F5: The 2026 Annual Award (the RSUs) vests on the earlier of the next annual meeting or June 2, 2027, subject to continued service. (F4 describes the 2025 annual award vesting terms; F3 notes custodial holdings for a minor.)

Context

  • “M” transactions here reflect exercise or conversion of derivative securities (not a cash purchase). The same‑day reported disposition of those derivative shares means the derivative position was converted/transferred rather than retained as common shares on the reporting person’s Form 4.
  • The 18,850 RSUs are standard annual director compensation and are subject to vesting and deferral rules; such grants are routine for non‑employee directors and do not by themselves indicate a buy/sell investment signal.