Joby Aviation (NYSE: JOBY) CFO sells shares to cover RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Joby Aviation, Inc. Chief Financial Officer Rodrigo Brumana reported routine equity compensation activity involving the company’s common stock. On July 1, 2026, he exercised 5,046 Restricted Stock Units (RSUs), receiving an equal number of Joby common shares at a price of $0.00 per share, reflecting RSU vesting rather than a market purchase.
On July 2, 2026, Brumana sold 2,601 shares of Joby common stock at an average price of $8.92 per share. According to the footnote, these shares were sold to cover taxes due upon the release and settlement of the vested RSUs, as required by the RSU award terms, not as a discretionary open-market liquidation. After these transactions, he directly held 84,139 Joby shares, indicating he retained the majority of the newly vested shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,601 shares ($23,201)
Net Sell
3 txns
Insider
Brumana Rodrigo
Role
Chief Financial Officer
Sold
2,601 shs ($23K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,601 | $8.92 | $23K |
| Exercise | Restricted Stock Units (RSUs) | 5,046 | $0.00 | -- |
| Exercise | Common Stock | 5,046 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 84,139 shares (Direct, null);
Restricted Stock Units (RSUs) — 90,817 shares (Direct, null)
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. 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: 2,601 shares
Sale price: $8.92 per share
RSUs exercised: 5,046 units
+3 more
6 metrics
Shares sold
2,601 shares
Joby common stock sold on July 2, 2026 at $8.92 per share
Sale price
$8.92 per share
Average price for 2,601 Joby shares sold on July 2, 2026
RSUs exercised
5,046 units
RSUs converted to common stock at $0.00 per share on July 1, 2026
Post-transaction holdings
84,139 shares
Direct Joby common stock held by CFO after July 2, 2026 sale
Net share change (buy/sell)
-2,601 shares
Net sell direction from reported buy/sell transactions
RSU vesting schedule
5% then 10% quarterly
5% on first four quarterly anniversaries of Jan 1, 2026, then 10% thereafter
Key Terms
Restricted Stock Units ("RSUs"), derivative exercise/conversion, open-market sale, vests, +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 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.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
open-market sale financial
"transaction_action": "open-market sale""
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.
vests financial
"that vests with respect to 5% of the total number of RSUs on each of the first four quarterly anniversaries..."
contingent right financial
"Each RSU represents the contingent right to receive one share of Common Stock upon vesting."
FAQ
What insider transactions did Joby Aviation (JOBY) CFO Rodrigo Brumana report?
Joby Aviation CFO Rodrigo Brumana reported RSU vesting and a related share sale. He exercised 5,046 Restricted Stock Units into common shares, then sold 2,601 shares, primarily to cover taxes due on the RSU settlement according to the award’s terms.
How many Restricted Stock Units vested for Joby Aviation (JOBY) CFO Rodrigo Brumana?
A total of 5,046 Restricted Stock Units vested for the CFO, converting into 5,046 Joby Aviation common shares at $0.00 per share. This reflects stock-based compensation rather than an open-market purchase of shares.
What are the vesting terms of the new RSU award reported by Joby Aviation (JOBY)?
The RSU award vests 5% of the total units on each of the first four quarterly anniversaries of January 1, 2026. Thereafter, 10% of the total RSUs vest on each quarterly anniversary, subject to the CFO’s continued service with Joby Aviation.