What do the RSU-related transactions at Joby Aviation (JOBY) mean for shareholder dilution?

The Form 4 shows 5,263 restricted stock units converted into Common Stock for executive compensation. While this slightly increases shares outstanding, the net impact is small in scale, and part of the vested shares were immediately sold to cover tax obligations rather than retained as additional long-term holdings.

Joby Aviation (JOBY) exec settles RSUs, sells shares for taxes

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Joby Aviation, Inc. executive Didier Papadopoulos, President of Aircraft OEM, reported a combination of RSU vesting and related share sales. On March 9, 2026, he exercised restricted stock units to acquire a total of 5,263 shares of Common Stock at a conversion price of $0.00 per share.

According to the footnotes, 3,087 shares were then sold on March 10–11, 2026 at prices of $10.25 and $9.90 per share to cover taxes due upon RSU settlement, as required by the award terms, and these sales were made under an approved Rule 10b5-1 trading plan adopted on September 2, 2025. After these transactions, Papadopoulos directly holds 130,724 shares of Common Stock, reflecting a net increase in his equity position.

Insider Trade Summary 10b5-1

Net Seller: 3,087 shares ($31,232)

Net Sell 6 txns

Insider Papadopoulos Didier

Role President of Aircraft OEM

Sold 3,087 shs ($31K)

Type	Security	Shares	Price	Value
Sale	Common Stock	1,172	$9.90	$12K
Sale	Common Stock	1,915	$10.25	$20K
Exercise	Restricted Stock Units (RSUs)	3,662	$0.00	--
Exercise	Restricted Stock Units (RSUs)	1,601	$0.00	--
Exercise	Common Stock	3,662	$0.00	--
Exercise	Common Stock	1,601	$0.00	--

Holdings After Transaction: Common Stock — 130,724 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. Sale made pursuant to the Reporting Person's approved 10b5-1 trading plan adopted on September 2, 2025. Represents an award of restricted stock units ("RSUs"). Between 0% and 125% of the award will vest in equal installments on each of on January 12, 2026, February 9, 2026, and March 9, 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 one share of Common Stock upon vesting. 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.

Form 4 Insider Transactions: What Each Field Means →

03/11/2026 - 06:16 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^*

Papadopoulos Didier

(Last)

(First)

(Middle)

C/O JOBY AVIATION, INC.

333 ENCINAL STREET

(Street)

SANTA CRUZ

95060

(City)

(State)

(Zip)

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)
	President of Aircraft OEM

3. Date of Earliest Transaction (Month/Day/Year)
03/09/2026

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

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

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

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	03/09/2026		M		3,662	A	$0	132,210	D
Common Stock	03/09/2026		M		1,601	A	$0	133,811	D
Common Stock	03/10/2026		S⁽¹⁾		1,915	D	$10.25	131,896	D
Common Stock	03/11/2026		S⁽²⁾		1,172	D	$9.9	130,724	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	03/09/2026		M			3,662	⁽³⁾	⁽³⁾	Common Stock	3,662	$0	0	D
Restricted Stock Units (RSUs)	$0	03/09/2026		M			1,601	⁽⁴⁾	⁽⁴⁾	Common Stock	1,601	$0	1,601	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. Sale made pursuant to the Reporting Person's approved 10b5-1 trading plan adopted on September 2, 2025.

3. Represents an award of restricted stock units ("RSUs"). Between 0% and 125% of the award will vest in equal installments on each of on January 12, 2026, February 9, 2026, and March 9, 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 one share of Common Stock upon vesting.

4. 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 Didier Papadopoulos	03/11/2026
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Joby Aviation (JOBY) report for Didier Papadopoulos?

Joby Aviation reported that executive Didier Papadopoulos vested restricted stock units into 5,263 shares of Common Stock, then sold 3,087 shares. The activity reflects routine equity compensation settlement with associated tax-related sales and leaves him holding over 130,000 shares directly.

Were the recent JOBY insider stock sales by Didier Papadopoulos discretionary?

The filing indicates the sales were not purely discretionary. Footnotes state the 3,087 shares sold covered taxes due on RSU settlement and were executed under an approved Rule 10b5-1 trading plan adopted on September 2, 2025, signaling pre-planned, tax-driven transactions.

How many Joby Aviation shares does Didier Papadopoulos hold after these Form 4 transactions?

Following the reported RSU exercises and tax-related sales, Didier Papadopoulos directly holds 130,724 shares of Joby Aviation Common Stock. This figure reflects a net increase in his position after converting 5,263 RSUs and selling 3,087 shares for tax obligations.

What prices were involved in the recent JOBY insider stock sales by Papadopoulos?

The reported open-market sales by Didier Papadopoulos occurred at prices of $10.25 and $9.90 per share. These transactions totaled 3,087 shares and, according to the filing, were conducted to cover tax liabilities tied to RSU vesting under a pre-approved 10b5-1 plan.