Is the Joby Aviation (JOBY) CFO’s share sale considered routine tax withholding?

Yes. A footnote clarifies the 566 shares sold represent the aggregate number sold to cover taxes due on RSU release and settlement. Such tax-related sales are typically mechanical, reflecting award terms rather than a change in the insider’s outlook on the stock.

Joby Aviation (NYSE: JOBY) CFO sells 566 shares to cover RSU tax obligations

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Joby Aviation, Inc.’s Chief Financial Officer Rodrigo Brumana reported transactions tied to a restricted stock unit (RSU) award. On April 7, 2026, 1,553 RSUs were exercised at $0.00 per unit into 1,553 shares of common stock, increasing his direct holdings.

On April 8, 2026, he sold 566 shares of common stock at $8.87 per share. A footnote states these sales represent shares sold to cover taxes due upon the RSU release and settlement, as required by the award terms. After these transactions, he directly owned 7,213 shares of Joby Aviation common stock.

Insider Trade Summary

Net Seller: 566 shares ($5,020)

Net Sell 3 txns

Insider Brumana Rodrigo

Role Chief Financial Officer

Sold 566 shs ($5K)

Type	Security	Shares	Price	Value
Sale	Common Stock	566	$8.87	$5K
Exercise	Restricted Stock Units (RSUs)	1,553	$0.00	--
Exercise	Common Stock	1,553	$0.00	--

Holdings After Transaction: Common Stock — 7,213 shares (Direct); Restricted Stock Units (RSUs) — 0 shares (Direct)

Footnotes (1)

Represents the aggregate number of shares sold by the Reporting Person to cover taxes due upon the release and settlement of the RSUs, as required by the terms of the RSU award. Between 0% and 200% of the award will vest in equal installments on each of on March 9, 2026, and April 7, 2026, based on the achievement of specified goals and subject to the Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive up to two shares of Common Stock upon vesting.

Key Figures

Shares sold: 566 shares Sale price: $8.87 per share RSUs exercised: 1,553 units +3 more

6 metrics

Shares sold 566 shares Common Stock sold on April 8, 2026

Sale price $8.87 per share Price for 566 common shares sold

RSUs exercised 1,553 units Restricted Stock Units converted on April 7, 2026

Exercise price $0.00 per unit Conversion price for 1,553 RSUs

Shares owned after 7,213 shares Direct common stock ownership following transactions

RSU vesting range 0%–200% of award Potential vesting on March 9, 2026 and April 7, 2026

Key Terms

Restricted Stock Units (RSUs), vest, continued service, Common Stock

4 terms

Restricted Stock Units (RSUs) financial

"Represents the aggregate number of shares sold by the Reporting Person to cover taxes due upon the release and settlement of the RSUs"

Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.

vest financial

"Between 0% and 200% of the award will vest in equal installments"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

continued service financial

"subject to the Reporting Person's continued service through the applicable vesting date"

Common Stock financial

"Each RSU represents the contingent right to receive up to two shares of Common Stock upon vesting"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 Insider Transactions: What Each Field Means →

04/09/2026 - 04:15 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Brumana Rodrigo

(Last)

(First)

(Middle)

C/O JOBY AVIATION, INC.

333 ENCINAL STREET

(Street)

SANTA CRUZ

CALIFORNIA

95060

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Joby Aviation, Inc. [ JOBY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/07/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/07/2026		M		1,553	A	$0	7,779	D
Common Stock	04/08/2026		S⁽¹⁾		566	D	$8.87	7,213	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units (RSUs)	$0	04/07/2026		M			1,553	⁽²⁾	⁽²⁾	Common Stock	1,553	$0	0	D

Explanation of Responses:

1. Represents the aggregate number of shares sold by the Reporting Person to cover taxes due upon the release and settlement of the RSUs, as required by the terms of the RSU award.

2. Between 0% and 200% of the award will vest in equal installments on each of on March 9, 2026, and April 7, 2026, based on the achievement of specified goals and subject to the Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive up to two shares of Common Stock upon vesting.

Remarks:

	/s/ Sarah Slayen, Attorney-in-Fact for Rodrigo Brumana	04/09/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Joby Aviation (JOBY) CFO Rodrigo Brumana report?

Joby Aviation CFO Rodrigo Brumana reported RSU-related activity, exercising 1,553 restricted stock units into common stock and then selling 566 shares. The sale was specifically to cover taxes owed on the RSU settlement, according to the filing’s footnote.

How many Joby Aviation (JOBY) shares did the CFO sell and at what price?

The CFO sold 566 shares of Joby Aviation common stock at $8.87 per share. The filing explains these shares were sold to cover tax obligations arising from the release and settlement of a restricted stock unit award, rather than a discretionary portfolio sale.

Why were Joby Aviation (JOBY) shares sold in this Form 4 filing?

The filing states the 566 shares were sold to cover taxes due upon release and settlement of restricted stock units. This means the sale was driven by tax withholding requirements embedded in the RSU award terms, not by an independent investment decision by the CFO.

How many Joby Aviation (JOBY) shares does the CFO own after these transactions?

After the reported RSU exercise and related tax-cover sale, the CFO directly owns 7,213 shares of Joby Aviation common stock. This post-transaction balance is disclosed in the Form 4 and reflects his remaining position following the April 7–8, 2026 activities.

What are the vesting conditions for the Joby Aviation (JOBY) RSU award mentioned?

The RSU award can vest between 0% and 200% in equal installments on March 9, 2026 and April 7, 2026. Vesting depends on achieving specified goals and requires the CFO’s continued service through each applicable vesting date, as described in the footnote.