Ogawa Tetsuo 4

What Happened

• Tetsuo Ogawa, a non-employee director of Joby Aviation (JOBY), had 19,157 derivative units exercised/converted into common stock on 2026-06-02 at $0.00 (no cash paid). The filing also reports a corresponding derivative disposition for 19,157 units (reflecting settlement/conversion of the derivative instrument), and a separate grant of 18,850 restricted stock units (RSUs) on 2026-06-02 as the company’s annual director award (no cash cost). Total cash value recorded for these entries is $0.

Key Details

• Transaction date(s): 2026-06-02; Form 4 filed 2026-06-03 (timely).
• Exercise/Conversion: 19,157 shares acquired at $0.00 (derivative conversion), with a matching 19,157-unit derivative disposition at $0.00.
• Grant/Award: 18,850 RSUs granted at $0.00 (2026 Annual Award).
• Shares owned after transaction: Not specified in the provided excerpt — see the Form 4 (Accession 0001819848-26-000364) for complete holdings.
• Footnotes: F1 describes the 2025 Annual Award RSUs (vesting no later than June 6, 2026, subject to continued service). F2 describes the 2026 Annual Award RSUs (vesting no later than June 2, 2027, subject to continued service). Each RSU converts to one share on vesting.
• No cash sale reported — the “disposed” derivative entry reflects settlement/conversion of the derivative instrument, not an open-market sale of shares.

Context

• RSUs are contingent rights to receive common stock upon vesting; the 19,157-unit conversion appears tied to prior RSU/derivative settlement (vesting/conversion), while the 18,850 RSUs are a new annual grant that will vest later if Mr. Ogawa remains a service provider.
• These items are routine director compensation and settlement events; they do not represent an open-market purchase or sale by the reporting person.