Papadopoulos Didier 4

What Happened

• Didier Papadopoulos, President of Aircraft OEM at Joby Aviation (JOBY), had 11,641 shares issued on RSU vesting (reported as an exercise/conversion of a derivative) and then disposed of shares in connection with that vesting. Open-market sales: 5,999 shares on 2026-06-15 at a reported weighted-average price of $9.83 for $58,970, and 1,975 shares on 2026-06-16 at $9.42 for $18,605, totaling $77,575. The filing also reports a disposition of 11,641 derivative shares at $0, which reflects shares withheld/treated for tax withholding under the RSU terms.

Key Details

• Transaction dates & amounts:
  • 2026-06-14: 11,641 RSU shares converted/issued to the reporting person (reported as M, $0 acquisition).
  • 2026-06-14: 11,641 derivative shares reported disposed at $0 (tax withholding per F1).
  • 2026-06-15: Sold 5,999 shares @ $9.83 — $58,970 (open market).
  • 2026-06-16: Sold 1,975 shares @ $9.42 — $18,605 (open market).
• Total cash proceeds from open-market sales: $77,575.
• Shares owned after transaction: not specified in this filing.
• Notable footnotes:
  • F1: Some shares were sold/withheld to cover taxes due on RSU settlement.
  • F2: One sale was made pursuant to an approved 10b5-1 trading plan (adopted Sept 2, 2025).
  • F3: One transaction was executed in multiple trades at prices $9.24–$9.65; reported price is weighted average (reporting person can provide details on request).
  • F4: The underlying RSU award vests partially and was subject to a multi-quarter vesting schedule; each RSU converts to one share on vesting.
• Filing: Report filed with accession 0001819848-26-000375 on 2026-06-16 covering activity through 2026-06-14–16. No indication in the filing that it was late.

Context

• This filing reflects routine RSU vesting and associated tax withholding plus planned open-market sales. The converted RSUs (reported as exercise/conversion) resulted in shares being issued; some of those shares were withheld or disposed to cover taxes (cashless/tax withholding treatment), and additional shares were sold under a 10b5-1 plan and/or open-market trades.
• Sales generated modest proceeds (~$77.6K). Such transactions are commonly administrative (tax withholding or pre-scheduled sales) rather than a clear signal of insider sentiment; they should be considered alongside other insider activity and company fundamentals.