Papadopoulos Didier 4

What Happened Didier Papadopoulos, President of Aircraft OEM at Joby Aviation (JOBY), had RSUs vest and converted/exercised into 25,104 shares (three derivative conversions reported at $0.00). Following vesting, 12,939 shares were sold in an open-market/private sale on 2026-07-02 at $8.92 per share, generating $115,416. The activity is primarily vesting of restricted stock units with a partial sale to satisfy tax withholding.

Key Details

• Transactions:
  • 2026-07-01: Exercise/conversion of derivatives (RSUs) — 7,599; 12,459; and 5,046 shares acquired at $0.00 (total 25,104 shares).
  • 2026-07-02: Open market/private sale — 12,939 shares at $8.92, total proceeds $115,416.
  • The filing also shows the corresponding derivative dispositions at $0.00 tied to the conversions.
• Shares owned after transaction: Not specified in the filing.
• Footnotes:
  • F1: The 12,939 shares sold represent the aggregate number sold to cover taxes due upon RSU release/settlement (tax withholding/cashless sale).
  • F2–F4: Describe the RSU awards and their vesting schedules (quarterly installments from 2023, 2024, and a special schedule starting 2026).
• Filing: Report filed 2026-07-06 covering events dated 2026-07-01; no late-filing flag indicated in the provided data.

Context These transactions reflect routine RSU vesting and tax-withholding mechanics rather than an open-market purchase. The RSUs converted at $0.00 indicate shares received upon vesting (not purchased). Selling a portion to cover taxes is common with RSU settlements (a form of cashless or share-withholding transaction) and should not be interpreted on its own as a buy/sell signal about the insider’s view of the company.