Form 4: Joby Aviation Executive Kate DeHoff Reports Stock Transactions
SEC Form 4 Filing
Kate DeHoff, General Counsel and Corporate Secretary of Joby Aviation, reports the vesting and sale of common stock related to restricted stock units.
Summary
- Kate DeHoff, General Counsel and Corporate Secretary of Joby Aviation, filed a Form 4 detailing changes in beneficial ownership.
- On April 1, 2025, DeHoff vested 13,280, 5,224, and 8,306 shares of common stock from restricted stock units (RSUs).
- These RSUs vest quarterly, based on different schedules starting from January 1, 2022, July 1, 2023, and January 1, 2024.
- On April 2, 2025, DeHoff sold 4,814, 1,895, and 3,011 shares of common stock at $6 per share to cover taxes due upon the release and settlement of the RSUs.
- Following these transactions, DeHoff directly owns 219,366 shares of Joby Aviation common stock and holds 91,362 RSUs.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, and does not contain information that would significantly shift investor sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Comparison to Industry Standards
- Executive compensation packages including RSUs are standard practice in the aviation and technology industries.
- The vesting schedules described are typical for RSU grants.
- Selling shares to cover tax obligations upon vesting is a common practice among executives receiving equity compensation.
Stakeholder Impact
- The transactions have a minor impact on shareholders, as they involve the vesting and sale of shares by an executive.
- The sales to cover taxes do not represent a significant dilution of shareholder value.
Key Dates
| Date | Description |
|---|---|
| 01/01/2022 | Start date for vesting of some RSUs in 10% increments quarterly for the first year, then 5% quarterly. |
| 07/01/2023 | Start date for vesting of some RSUs in equal quarterly installments over four years. |
| 01/01/2024 | Start date for vesting of some RSUs in 16 equal quarterly installments. |
| 04/01/2025 | Date of RSU vesting and common stock acquisition. |
| 04/02/2025 | Date of common stock sales to cover taxes. |
| 04/03/2025 | Date of Form 4 filing. |
Keywords
Form 4, Joby Aviation, Kate DeHoff, Stock Transactions, RSUs, Beneficial Ownership, Securities
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.