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Joby Aviation, Inc.·4

Jul 14, 6:32 PM ET

DeHoff Kate 4

Research Summary

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Updated

Joby (JOBY) Chief Legal Officer Kate DeHoff Sells Shares

What Happened
Kate DeHoff, Chief Legal Officer and Corporate Secretary of Joby Aviation (JOBY), had 16,065 restricted stock units (RSUs) convert to common shares on July 12, 2026. Following the vesting/settlement, she recorded derivative activity related to those RSUs and executed open-market sales: 8,381 shares on July 13 at a weighted average price of $7.53 for $63,109, and 14,240 shares on July 14 at a weighted average price of $7.73 for $110,075. Total reported cash proceeds from the open-market sales are approximately $173,184. Some shares were used to cover tax withholding related to the RSU settlement.

Key Details

  • Transaction dates and prices:
    • 2026-07-12: RSU settlement/conversion to 16,065 shares (derivative/“M” code; $0.00 reported for conversion/withholding).
    • 2026-07-13: Sale of 8,381 shares @ weighted avg $7.53 = $63,109 (executed in multiple trades at $7.51–$7.53).
    • 2026-07-14: Sale of 14,240 shares @ weighted avg $7.73 = $110,075 (executed in multiple trades at $7.54–$7.90); sale made pursuant to an approved 10b5-1 trading plan (adopted May 13, 2025).
  • Total open-market sale proceeds ≈ $173,184.
  • Footnotes of note:
    • F1/F5: The shares arose from RSU vesting; some shares were sold/withheld to cover taxes on settlement.
    • F3: The July 14 sale was under an approved 10b5-1 plan.
    • F2/F4: Reported sale prices are weighted averages across multiple trades.
  • Shares owned after the transactions: Not specified in the provided excerpt of the filing.
  • Filing timeliness: No late-filing flag provided in the excerpt.

Context

  • These transactions reflect RSU vesting and subsequent sales (including tax withholding and planned sales under a pre-established 10b5-1 plan), not an open-market purchase. Sales like these are common when equity awards vest and do not necessarily indicate a change in an insider's view of the company.
  • For derivative entries: RSU conversion means the holder received shares upon vesting; withholding or immediate sale of some of those shares to cover taxes is routine.