DeHoff Kate 4

What Happened

Kate DeHoff, Chief Legal Officer and Corporate Secretary of Joby Aviation (JOBY), reported RSU settlements and a subsequent open-market sale. On July 1, 2026 she had three RSU conversions (5,224; 8,306; 5,046) totaling 18,576 shares (reported as exercise/conversion, code M, $0.00). The filing shows matching disposals of those 18,576 shares at $0 — these represent shares withheld to cover taxes. On July 2, 2026 she sold 9,575 shares in the open market at $8.92 per share, generating $85,409.

Key Details

• Transaction dates: RSU conversions and withholdings on 2026-07-01; open-market sale on 2026-07-02; filing dated 2026-07-06.
• Prices/values: open-market sale 9,575 shares @ $8.92 = $85,409. RSU conversions reported at $0 (typical for RSU settlement).
• Shares reported converted (acquired): 18,576 shares (5,224 + 8,306 + 5,046).
• Shares withheld/disposed for taxes: 18,576 shares (reported with $0 proceeds per footnote F1).
• Shares sold open market: 9,575 shares for $85,409.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: F1 = shares sold/withheld to cover taxes on RSU vesting; F2–F4 describe the RSU grant vesting schedules.
• Filing timeliness: filed July 6 reporting July 1–2 transactions (timeliness not otherwise indicated in provided data).

Context

• Code M here reflects the conversion/settlement of RSUs (not an option purchase). The $0 acquisition price is normal for RSU settlements—value is taxed when they vest.
• The matching $0 "disposed" entries represent tax withholding (company retaining/selling shares to cover taxes), per footnote F1 — effectively a cashless/net settlement for taxes.
• The separate open-market sale of 9,575 shares generated proceeds of $85,409; routine sales to cover taxes or diversify holdings are common and do not by themselves indicate insider confidence or lack thereof.