JOBY Form 4: RSUs vest; insider sells 20,541 shares in Oct 2025
Rhea-AI Filing Summary
Didier Papadopoulos, listed as President of Aircraft OEM at Joby Aviation (JOBY), reported RSU vesting and subsequent share sales in early October 2025. On 10/01/2025 three RSU awards vested (for 12,459, 7,598 and 9,960 RSUs) and converted into common stock. To satisfy tax withholding on the RSU releases, the reporting person sold 15,439 shares on 10/02/2025 at an average price of $16.78. A separate sale under a previously adopted 10b5-1 plan occurred on 10/03/2025 for 5,102 shares at a weighted average of $18.08. After these transactions, the filing shows total beneficial ownership of 98,104 shares.
Positive
- RSU vesting indicates ongoing compensation alignment: 12,459, 7,598, and 9,960 RSUs vested on 10/01/2025
- A 10b5-1 trading plan was used for the 10/03/2025 sale, providing an affirmative defense for that transaction
Negative
- Insider sold a total of 20,541 shares on 10/02-10/03/2025, reducing beneficial ownership to 98,104 shares
- Sale to cover taxes (15,439 shares) immediately monetized part of vested compensation
Insights
Insider sales reflect routine tax withholding and a pre-approved trading plan, not an unexplained divestiture.
The sale of 15,439 shares on 10/02/2025 is disclosed as withheld to cover taxes on RSU vesting; that is a common administrative step when equity awards settle. The separate 5,102-share sale on 10/03/2025 is explicitly executed under a 10b5-1 trading plan adopted on 3/20/2025, which provides affirmative defense against accusations of trading on material nonpublic information.
Both transactions reduced beneficial holdings to 98,104 shares per the Form 4. This filing documents compensation-related vesting and pre-planned selling activity rather than an unscheduled market exit.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 5,102 | $18.08 | $92K |
| Sale | Common Stock | 15,439 | $16.78 | $259K |
| Exercise | Restricted Stock Units (RSUs) | 12,459 | $0.00 | -- |
| Exercise | Restricted Stock Units (RSUs) | 7,598 | $0.00 | -- |
| Exercise | Restricted Stock Units (RSUs) | 9,960 | $0.00 | -- |
| Exercise | Common Stock | 12,459 | $0.00 | -- |
| Exercise | Common Stock | 7,598 | $0.00 | -- |
| Exercise | Common Stock | 9,960 | $0.00 | -- |
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 March 20, 2025. This transaction was executed in multiple trades at prices ranging from $17.62 to $18.52. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. Represents an award of restricted stock units ("RSUs") that vest in 16 equal installments on the quarterly anniversary of January 1, 2024, 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. Represents an award of restricted stock units ("RSUs") that vests in equal installments over four years, on the quarterly anniversary of July 1, 2023, 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. Represents an award of restricted stock units ("RSUs") that vests with respect to 10% of the total number of RSUs on each of the first four quarterly anniversaries of January 1, 2022 and as to 5% of the total number of RSUs on each quarterly anniversary thereafter, 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.
