Joby Aviation director granted 1,497 RSUs
Thompson Michael N. Jr. reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Thompson Michael N. Jr. reported acquisition or exercise transactions in this Form 4 filing.
Joby Aviation, Inc. director Michael N. Thompson Jr. received a grant of 1,497 Restricted Stock Units on April 5, 2026, at no cash cost. The RSUs were fully vested on the grant date, and he elected to defer receipt of the underlying shares under the company’s Non-Employee Director Compensation Program.
After this grant, he directly holds 1,556,468 common shares and has additional indirect interests, including 17,130,000 shares held by Reinvent Sponsor LLC and custodial accounts of 550 shares for each of two children, where beneficial ownership is disclaimed except for pecuniary interests.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,497 shares
Grant/Award
4 txns
Insider
Thompson Michael N. Jr.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,497 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,556,468 shares (Direct);
Common Stock — 17,130,000 shares (Indirect, Reinvent Sponsor LLC);
Common Stock — 550 shares (Indirect, Child 1);
Common Stock — 550 shares (Indirect, Child 2)
Footnotes (5)
- F1. Represents Restricted Stock Units ("RSUs"). Each RSU represents a contingent right to receive one share of common stock of the Issuer.
- F2. The RSUs are fully vested on the grant date.
- F3. The Reporting Person elected to defer receipt of the shares in accordance with the Issuer's Non-Employee Director Compensation Program.
- F4. The securities are directly held by Reinvent Sponsor LLC ("Sponsor"). The Reporting Person may be deemed a beneficial owner of securities held by Sponsor by virtue of his shared control over and indirect pecuniary interest in Sponsor. The Reporting Person disclaims beneficial ownership of the securities held by Sponsor, except to the extent of his pecuniary interest therein.
- F5. Reflects shares in a custodial account for the child of the Reporting Person established pursuant to the Uniform Transfer to Minors Act, for which the Reporting Person serves as a custodian. The Reporting Person disclaims beneficial ownership of these shares.
Key Figures
RSUs granted: 1,497 RSUs
RSU grant price: $0.0000 per share
Direct holdings after grant: 1,556,468 shares
+3 more
6 metrics
RSUs granted
1,497 RSUs
Award of Restricted Stock Units on April 5, 2026
RSU grant price
$0.0000 per share
Equity award, no cash paid by director
Direct holdings after grant
1,556,468 shares
Common stock directly held following RSU grant
Reinvent Sponsor LLC holdings
17,130,000 shares
Common stock held by Reinvent Sponsor LLC
Child 1 custodial account
550 shares
UTMA custodial account for child 1
Child 2 custodial account
550 shares
UTMA custodial account for child 2
Key Terms
Restricted Stock Units ("RSUs"), Non-Employee Director Compensation Program, pecuniary interest, beneficial ownership, +1 more
5 terms
Restricted Stock Units ("RSUs") financial
"Represents Restricted Stock Units ("RSUs"). Each RSU represents a contingent right..."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Non-Employee Director Compensation Program financial
"in accordance with the Issuer's Non-Employee Director Compensation Program."
pecuniary interest financial
"by virtue of his shared control over and indirect pecuniary interest in Sponsor."
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of the securities held by Sponsor..."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Uniform Transfer to Minors Act financial
"account for the child ... established pursuant to the Uniform Transfer to Minors Act..."
FAQ
What did Joby Aviation (JOBY) director Michael N. Thompson Jr. receive in this Form 4?
He received a grant of 1,497 Restricted Stock Units (RSUs) of Joby Aviation common stock. Each RSU represents a contingent right to receive one share, providing equity-based compensation aligned with shareholder interests without an immediate cash outlay.
Are the RSUs granted to Joby Aviation (JOBY) director fully vested?
Yes, the filing states the RSUs are fully vested on the grant date. This means the director’s right to receive the underlying shares is not subject to additional service or performance conditions, although actual receipt was deferred under a company program.
Did the Joby Aviation (JOBY) director pay for the 1,497 RSUs reported?
No, the RSUs were reported with a price per share of $0.0000, indicating they were a grant or award rather than an open-market purchase. This reflects standard equity compensation instead of the director buying shares on the market.
What indirect Joby Aviation (JOBY) holdings are associated with Reinvent Sponsor LLC?
The filing reports 17,130,000 Joby Aviation common shares held by Reinvent Sponsor LLC. The director may be deemed a beneficial owner due to shared control and indirect pecuniary interest, but he disclaims beneficial ownership except to the extent of that pecuniary interest.
How are the Joby Aviation (JOBY) custodial accounts for the director’s children treated?
Each child’s custodial account holds 550 shares of Joby Aviation common stock under the Uniform Transfer to Minors Act, with the director as custodian. The director expressly disclaims beneficial ownership of these shares in the filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
