Brumana Rodrigo 4

What Happened Rodrigo Brumana, Chief Financial Officer of Joby Aviation (JOBY), had 5,046 restricted stock units (RSUs) convert to common shares on July 1, 2026 (recorded as a derivative conversion/exercise). Following the conversion, Brumana sold 2,601 shares in an open-market transaction on July 2, 2026 at $8.92 per share for total proceeds of $23,201. The sale was made to satisfy tax withholding obligations tied to the RSU settlement.

Key Details

• Transaction dates: July 1, 2026 (RSU conversion/acquisition); July 2, 2026 (open-market sale).
• Shares converted/acquired: 5,046 (conversion of RSUs at $0.00 per share).
• Shares sold: 2,601 at $8.92 each, proceeds $23,201.
• Footnote F1: The 2,601-share sale represents shares sold to cover taxes due upon release/settlement of the RSUs.
• Footnote F2: The shares arose from RSUs that vest according to a quarterly schedule (5% on each of first four quarterly anniversaries of 1/1/2026, then 10% quarterly thereafter); each RSU converts to one share upon vesting.
• Shares owned after the transactions: not specified in the filing.
• Filing: Form 4 filed July 6, 2026; transactions occurred July 1–2, 2026 — filing appears to be within the standard reporting window.

Context These entries reflect an RSU vesting and routine tax-withholding sale, not an independent investment decision to reduce or increase exposure. The RSU conversion shows acquisition of shares, while the subsequent partial sale is a common cashless/tax-withholding practice rather than a directional bet on the stock.