Form 4: Joby Aviation Executive Kate DeHoff Reports Stock Sales and RSU Vesting
SEC Form 4
Kate DeHoff, General Counsel and Corporate Secretary of Joby Aviation, reports stock sales to cover taxes on vested Restricted Stock Units (RSUs) and the vesting of additional RSUs.
Summary
- Kate DeHoff, General Counsel and Corporate Secretary of Joby Aviation, filed a Form 4 detailing changes in beneficial ownership.
- On February 10, 2025, 3,090 Restricted Stock Units (RSUs) vested, converting into common stock.
- To cover taxes due upon the release and settlement of these RSUs, DeHoff sold 1,155 shares of common stock on February 11, 2025, at an average price of $7.50.
- An additional 1,935 shares were sold on February 12, 2025, at an average price of $7.25, pursuant to a pre-arranged 10b5-1 trading plan.
- Following these transactions, DeHoff directly owns 190,132 shares of Joby Aviation common stock and 6,180 RSUs.
Sentiment
Score: 5
Explanation: The Form 4 filing is a routine disclosure of executive stock transactions and doesn't inherently indicate positive or negative sentiment. The sales are related to tax obligations from RSU vesting.
Industry Context
Executive stock transactions are a normal part of corporate governance. The use of a 10b5-1 trading plan suggests the sales were pre-planned and not based on insider information.
Stakeholder Impact
- The stock sales could have a minor, temporary impact on the stock price.
Key Dates
| Date | Description |
|---|---|
| June 6, 2024 | Date of adoption of the Reporting Person's approved 10b5-1 trading plan |
| January 14, 2025 | One of the dates on which the award will vest in equal installments |
| February 10, 2025 | Date of RSU vesting and transaction. |
| February 11, 2025 | Date of stock sale to cover taxes. |
| February 12, 2025 | Date of stock sale under 10b5-1 plan and filing date of the Form 4. |
| March 4, 2025 | One of the dates on which the award will vest in equal installments |
| April 7, 2025 | One of the dates on which the award will vest in equal installments |
Keywords
Form 4, Joby Aviation, Kate DeHoff, RSU, Stock Sale, Beneficial Ownership, 10b5-1 Trading Plan
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.