Joby Aviation (NYSE: JOBY) director awarded 1,891 RSUs and updates holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Joby Aviation director Paul Cahill Sciarra reported an equity award and updated share holdings. He received 1,891 Restricted Stock Units (RSUs), each representing one share of Joby Aviation common stock, as a grant or award with a price of $0.00 per share.
The RSUs are fully vested on the grant date, so they convert into common shares immediately. Following this award, Sciarra holds 163,971 shares of common stock directly. He is also deemed the beneficial owner of 55,828,057 shares held by Sciarra Management Trust and 50,000 shares held by the Sciarra Foundation, over which he has voting and dispositive power.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Sciarra Paul Cahill
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,891 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 163,971 shares (Direct, null);
Common Stock — 50,000 shares (Indirect, By Sciarra Foundation)
Footnotes (1)
- Represents Restricted Stock Units ("RSUs"). Each RSU represents a contingent right to receive one share of common stock of the Issuer. The RSUs are fully vested on the grant date. The shares of common stock are held of record by the Sciarra Foundation. The Reporting Person has voting and dispositive power of the shares held by the Sciarra Foundation therefore may be deemed to be the beneficial owner of such shares. The shares of common stock are held of record by Sciarra Management Trust. The Reporting Person has voting and dispositive power of the shares held by Sciarra Management Trust therefore may be deemed to be the beneficial owner of such shares.
Key Figures
RSUs granted: 1,891 RSUs
Grant price: $0.00 per share
Direct holdings after grant: 163,971 shares
+2 more
5 metrics
RSUs granted
1,891 RSUs
Grant, award, or other acquisition of common stock
Grant price
$0.00 per share
Price per share for RSU-related common stock
Direct holdings after grant
163,971 shares
Common stock held directly following transaction
Sciarra Management Trust holdings
55,828,057 shares
Indirect common stock held by Sciarra Management Trust
Sciarra Foundation holdings
50,000 shares
Indirect common stock held by Sciarra Foundation
Key Terms
Restricted Stock Units ("RSUs"), fully vested, beneficial owner, voting and dispositive power, +1 more
5 terms
Restricted Stock Units ("RSUs") financial
"Represents Restricted Stock Units ("RSUs"). Each RSU represents a contingent right to receive one share"
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.
fully vested financial
"The RSUs are fully vested on the grant date."
beneficial owner financial
"therefore may be deemed to be the beneficial owner of such shares."
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
voting and dispositive power financial
"The Reporting Person has voting and dispositive power of the shares held"
Indirect ownership financial
"The shares of common stock are held of record by Sciarra Management Trust."
