Were the Joby Aviation (JOBY) CFO’s share sales discretionary or tax-related?

The filing states the 1,839 shares sold by the CFO were to cover taxes due upon release and settlement of RSUs. This means the sale was required under the RSU award terms rather than a discretionary open-market liquidation of holdings.

Tax-driven share sale follows RSU vesting by Joby Aviation (JOBY) CFO

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Joby Aviation Chief Financial Officer Rodrigo Brumana reported routine equity compensation activity. On April 1, 2026, he exercised 5,045 Restricted Stock Units (RSUs) at $0.00 per share, receiving an equal number of common shares, and his RSU balance became 95,863 units. On April 2, 2026, 1,839 common shares were sold in an open-market transaction at a weighted average price of $8.15 per share, in trades ranging from $8.15 to $8.44, solely to cover taxes due upon RSU settlement as required by the award terms. After these transactions, he directly held 6,226 shares of common stock. The RSU award vests 5% of the total units on each of the first four quarterly anniversaries of January 1, 2026, and 10% of the total units on each quarterly anniversary thereafter, subject to continued service.

Insider Trade Summary

Net Seller: 1,839 shares ($14,988)

Net Sell 3 txns

Insider Brumana Rodrigo

Role Chief Financial Officer

Sold 1,839 shs ($15K)

Type	Security	Shares	Price	Value
Sale	Common Stock	1,839	$8.15	$15K
Exercise	Restricted Stock Units (RSUs)	5,045	$0.00	--
Exercise	Common Stock	5,045	$0.00	--

Holdings After Transaction: Common Stock — 6,226 shares (Direct); Restricted Stock Units (RSUs) — 95,863 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. This transaction was executed in multiple trades at prices ranging from $8.15 to $8.44. 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 vests with respect to 5% of the total number of RSUs on each of the first four quarterly anniversaries of January 1, 2026 and as to 10% 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.

Key Figures

Shares sold to cover taxes: 1,839 shares Weighted average sale price: $8.15 per share RSUs exercised: 5,045 units +3 more

6 metrics

Shares sold to cover taxes 1,839 shares Open-market sale on April 2, 2026

Weighted average sale price $8.15 per share Tax-related share sale, trades $8.15–$8.44

RSUs exercised 5,045 units RSUs converted to common stock at $0.00

Common shares held after 6,226 shares Direct ownership following reported transactions

RSUs outstanding after 95,863 units Remaining restricted stock units after vesting event

Sale price range $8.15–$8.44 Multiple trades used to cover RSU tax obligations

Key Terms

Restricted Stock Units (RSUs), open-market sale, weighted average sale price, derivative exercise/conversion, +1 more

5 terms

Restricted Stock Units (RSUs) financial

"Represents an award of restricted stock units ("RSUs") that vests with respect to 5% of the total number of 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.

open-market sale financial

"transaction_action": "open-market sale","transaction_code_description": "Sale in open market or private transaction""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

weighted average sale price financial

"The price reported above reflects the weighted average sale price."

derivative exercise/conversion financial

"transaction_action": "derivative exercise/conversion","transaction_code_description": "Exercise or conversion of derivative security""

continued service financial

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

Form 4 Insider Transactions: What Each Field Means →

04/03/2026 - 04:17 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)
04/01/2026

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	04/01/2026		M		5,045	A	$0	8,065	D
Common Stock	04/02/2026		S⁽¹⁾		1,839	D	$8.15⁽²⁾	6,226	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	04/01/2026		M			5,045	⁽³⁾	⁽³⁾	Common Stock	5,045	$0	95,863	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. This transaction was executed in multiple trades at prices ranging from $8.15 to $8.44. 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.

3. Represents an award of restricted stock units ("RSUs") that vests with respect to 5% of the total number of RSUs on each of the first four quarterly anniversaries of January 1, 2026 and as to 10% 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.

Remarks:

	/s/ Sarah Slayen, Attorney-in-Fact for Rodrigo Brumana	04/03/2026
	** 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) report for CFO Rodrigo Brumana?

Joby Aviation reported that CFO Rodrigo Brumana had RSUs vest into 5,045 common shares and then sold 1,839 shares. The sale was made solely to cover taxes due on the RSU settlement, according to the filing’s footnotes.

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

The CFO sold 1,839 Joby Aviation common shares at a weighted average price of $8.15 per share. The filing notes multiple trades executed between $8.15 and $8.44, all related to covering tax obligations from RSU vesting.

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

After the reported transactions, the CFO directly holds 6,226 shares of Joby Aviation common stock. He also has 95,863 RSUs outstanding, each representing a contingent right to receive one share of common stock upon vesting.

What is the vesting schedule for the Joby Aviation (JOBY) CFO’s RSU award?

The RSU award vests 5% of the total RSUs on each of the first four quarterly anniversaries of January 1, 2026. It then vests 10% of the total RSUs on each subsequent quarterly anniversary, conditioned on the CFO’s continued service.

What type of derivative transaction did the Joby Aviation (JOBY) filing report?

The filing reports a derivative exercise of 5,045 Restricted Stock Units (RSUs), coded as an M transaction. Each RSU converted into one share of Joby Aviation common stock at a conversion price of $0.00 per share, reflecting standard equity compensation.