Brumana Rodrigo 4

What Happened

• Rodrigo Brumana, Chief Financial Officer of Joby Aviation (JOBY), received an award of 21,541 restricted stock units (RSUs) on March 6, 2026. The RSUs were granted at $0.00 (compensation award, not a cash purchase) and are reported as a derivative award.
• Each RSU represents the contingent right to receive up to two shares of Joby common stock upon vesting, so the grant could convert into up to 43,082 shares at a 1:2 conversion. Vesting is contingent on continued service and company performance and is measured on March 22, 2027 (vesting may be between 0% and 200% of the award based on performance).

Key Details

• Transaction date: 2026-03-06; Form 4 filed: 2026-03-10 (filed within two business days after the transaction).
• Transaction type/code: Award of RSUs (derivative) at $0.00 per unit.
• Reported units: 21,541 RSUs; each RSU may convert into up to two shares upon vesting (up to 43,082 shares at the stated conversion).
• Vesting: Between 0% and 200% of the award will vest on March 22, 2027, subject to achievement of company performance objectives and continued service.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: Confirms performance-based vesting and the up-to-two-shares-per-RSU conversion.

Context

• RSU awards are a form of compensation and are contingent on service and performance; they are not an immediate cash purchase or sale. Such awards are common for executives and do not by themselves indicate a buy or sell signal.
• For retail investors, purchases (open-market buys) often carry clearer signals than grants, which are typically part of standard compensation and retention packages.