Thompson Michael N. Jr. 4

What Happened
Michael N. Thompson Jr., a director of Joby Aviation (JOBY), was granted 2,027 Restricted Stock Units (RSUs) on July 5, 2026. The Form 4 reports an acquisition at $0.00 per unit (total $0 on the form). Each RSU represents a contingent right to one share, and these RSUs were fully vested on the grant date, but the reporting person elected to defer receipt of the underlying shares under Joby’s Non-Employee Director Compensation Program — so no immediate shares were issued to Thompson.

Key Details

• Transaction date: 2026-07-05; Form 4 filed: 2026-07-06 (timely filing).
• Transaction type/code: A (Grant/Award).
• Award: 2,027 RSUs; price per unit shown as $0.00 on the filing.
• Shares owned after transaction: Not specified in this filing.
• Important footnotes:
  • F1: Each RSU = contingent right to one share.
  • F2: RSUs were fully vested on grant date.
  • F3: Reporting person deferred receipt of the shares under the Non-Employee Director Compensation Program.
  • F4/F5: Notes about securities held by Reinvent Sponsor LLC and a custodial account for the reporting person’s child; the reporting person disclaims beneficial ownership except to the extent of any pecuniary interest.

Context
RSU grants to directors are a common form of compensation and differ from open‑market purchases or sales — they do not necessarily signal a buy or sell decision by the insider. Because Thompson elected to defer receipt, no immediate shares were added to his personal brokerage account; the RSUs represent a future right to shares subject to the company’s deferred-compensation rules.