Joby (JOBY) CFO Rodrigo Brumana Exercises RSUs, Sells 46,729 Shares

What Happened
Rodrigo Brumana, Chief Financial Officer of Joby Aviation (JOBY), had 73,421 restricted stock units (RSUs) convert to common shares on Sept 1, 2026 (recorded as an exercise/conversion at $0.00). Following vesting, he sold a total of 46,729 shares in open-market transactions: 37,831 shares on Sept 2, 2026 at a weighted average price of $6.77 for proceeds of $256,116, and 8,898 shares on Sept 3, 2026 at $6.89 for proceeds of $61,307 — total cash received ≈ $317,423. A portion of the shares was sold to cover tax withholding obligations related to the RSU release.

Key Details

• Transaction dates: RSU conversion on 2026-09-01; sales on 2026-09-02 and 2026-09-03.
• Prices and proceeds: 37,831 shares @ $6.77 = $256,116; 8,898 shares @ $6.89 = $61,307; combined ≈ $317,423.
• Shares acquired via RSU conversion: 73,421 shares @ $0.00 (reported as derivative exercise/conversion).
• Shares disposed: 46,729 shares sold in open market transactions.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 — some shares sold to cover taxes upon RSU settlement; F2 — sale(s) made pursuant to an approved 10b5-1 trading plan (adopted Nov 10, 2025); F3 — one sale executed in multiple trades at $6.79–$7.12 (weighted average reported); F4 — RSU award vests 25% on June 1, 2026 and 6.25% quarterly thereafter, subject to continued service.
• Filing timeliness: Filing dated 2026-09-03 for transactions through 2026-09-03; the filing shows no indication it was late.

Context
These were RSU vesting and subsequent sales — not an option-for-cash exercise. The conversion of RSUs into shares (reported as an exercise/conversion at $0) followed by immediate sales is a routine sell-to-cover for taxes plus additional open-market sales executed under a pre-approved 10b5-1 plan. Such sales typically reflect tax obligations and pre-set trading instructions rather than an ad-hoc statement of confidence or concern.