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 (RSUs).
Summary
- Kate DeHoff, General Counsel and Corporate Secretary of Joby Aviation, filed a Form 4 detailing changes in beneficial ownership.
- On July 1, 2024, DeHoff vested 13,281, 5,224, and 8,306 shares of common stock through the settlement of RSUs.
- Also on July 1, 2024, DeHoff acquired 13,281, 5,224, and 8,306 shares of common stock at $0.
- On July 2, 2024, DeHoff sold 9,715 shares of common stock at a price of $4.96 per share.
- Following these transactions, DeHoff directly owns 201,663 shares of Joby Aviation common stock.
- The sales were to cover taxes due upon the release and settlement of the RSUs, as required by the terms of the RSU award.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and doesn't necessarily indicate positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are standard practice for company insiders and provide transparency into their transactions, which can be indicative of their confidence in the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 01/01/2022 | First vesting date for 10% of one RSU award, with subsequent quarterly vesting. |
| 07/01/2023 | First vesting date for one RSU award, vesting in equal quarterly installments over four years. |
| 01/01/2024 | Quarterly anniversary date for vesting of one RSU award, vesting in 16 equal quarterly installments. |
| 07/01/2024 | Date of RSU vesting and common stock acquisition. |
| 07/02/2024 | Date of common stock sale. |
| 07/03/2024 | Date of Form 4 filing. |
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