Joby Aviation (JOBY) director exercises 19,157 RSUs and receives 18,850-unit grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Joby Aviation, Inc. director Dipender Saluja reported equity compensation and updated holdings. He exercised previously granted restricted stock units to acquire 19,157 shares of Common Stock at a price of $0.00 per share, bringing his directly held Common Stock to 191,435 shares.
He also received a new grant of 18,850 Restricted Stock Units as the 2026 annual award for non-employee directors. This award vests in full on the earlier of the next annual stockholder meeting or June 2, 2027, subject to his continued service, with each RSU converting into one share of Common Stock upon vesting.
In addition to his direct holdings, various entities associated with Saluja hold Joby Aviation Common Stock, including 21,514,683 shares held by Technology Impact Fund, L.P. and 5,399,372 shares held by Capricorn-Libra Investment Group, L.P.; he disclaims beneficial ownership except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insights
Routine director equity award and RSU settlement, with no stock sales.
Joby Aviation director Dipender Saluja exercised 19,157 RSUs into Common Stock at $0.00 and received a new grant of 18,850 RSUs as part of the company’s non-employee director compensation program. These are standard equity-based incentives rather than market purchases.
The exercised RSUs increased his directly held Common Stock to 191,435 shares, while the new 2026 RSU award will vest by the next annual meeting or by June 2, 2027, contingent on continued service. No open-market sales or cash transactions are disclosed in this filing, so the economic signal is primarily routine compensation rather than a change in investment stance.
Insider Trade Summary
19,157 shares exercised/converted
Mixed
8 txns
Insider
Saluja Dipender
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (RSUs) | 19,157 | $0.00 | -- |
| Grant/Award | Restricted Stock Units (RSUs) | 18,850 | $0.00 | -- |
| Exercise | Common Stock | 19,157 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units (RSUs) — 0 shares (Direct, null);
Common Stock — 191,435 shares (Direct, null);
Common Stock — 21,514,683 shares (Indirect, By Technology Impact Fund, L.P.)
Footnotes (1)
- The shares of common stock are held of record by Technology Impact Fund, L.P., ("TIF"). The Reporting Person is an owner of the general partner of TIF. The Reporting Person disclaims beneficial ownership of the shares held by TIF except to the extent of his pecuniary interest therein, if any. The shares of common stock are held of record by Capricorn-Libra Investment Group, L.P. ("C-L Group"), for which the Reporting Person has voting and dispositive power and therefore may be deemed to be the beneficial owner of such shares. The Reporting Person disclaims beneficial ownership of the shares held by C-L Group except to the extent of his pecuniary interest therein, if any. The shares of common stock are held of record by Technology Impact Growth Fund, LP, ("TIGF"). The Reporting Person is an owner of the general partner of TIGF. The Reporting Person disclaims beneficial ownership of the shares held by TIGF except to the extent of his pecuniary interest therein, if any. The shares of common stock are held of record by Capricorn-Libra Partners, LLC ("C-L Partners"). The Reporting Person is the sole manager of C-L Partners. The Reporting Person disclaims beneficial ownership of the shares held by C-L Partners except to the extent of his pecuniary interest therein, if any. The shares of common stock are held of record by Saluja B. LLC, of which the Reporting Person is the manager. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, if any. Represents an annual award of restricted stock units ("RSUs") to the Issuer's non-employee directors (the "2025 Annual Award"). The 2025 Annual Award shall fully vest on the earlier of (a) the date of the next annual meeting of the Issuer's stockholders and (b) June 6, 2026, in each case, subject to Reporting Person's continued status as a Service Provider (as defined in the Issuer's 2021 Incentive Award Plan) through the applicable vesting date. Each RSU represents a contingent right to receive one share of Common Stock upon vesting. Represents an annual award of restricted stock units ("RSUs") to the Issuer's non-employee directors (the "2026 Annual Award"). The 2026 Annual Award shall fully vest on the earlier of (a) the date of the next annual meeting of the Issuer's stockholders and (b) June 2, 2027, in each case, subject to Reporting Person's continued status as a Service Provider (as defined in the Issuer's 2021 Incentive Award Plan) through the applicable vesting date. Each RSU represents a contingent right to receive one share of Common Stock upon vesting.
Key Figures
RSUs exercised into Common Stock: 19,157 shares at $0.00
Direct Common Stock after transactions: 191,435 shares
New 2026 RSU award: 18,850 RSUs
+3 more
6 metrics
RSUs exercised into Common Stock
19,157 shares at $0.00
Exercise of restricted stock units into Common Stock
Direct Common Stock after transactions
191,435 shares
Total directly held Common Stock following RSU exercise
New 2026 RSU award
18,850 RSUs
Annual RSU grant for non-employee director
Technology Impact Fund, L.P. holding
21,514,683 shares
Common Stock held of record by Technology Impact Fund, L.P.
Capricorn-Libra Investment Group, L.P. holding
5,399,372 shares
Common Stock held of record by Capricorn-Libra Investment Group, L.P.
Technology Impact Growth Fund, LP holding
1,556,592 shares
Common Stock held of record by Technology Impact Growth Fund, LP
Key Terms
Restricted Stock Units (RSUs), disclaims beneficial ownership, pecuniary interest, Service Provider, +1 more
5 terms
Restricted Stock Units (RSUs) financial
"Represents an annual award of restricted stock units ("RSUs") to the Issuer's non-employee directors"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
disclaims beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of the shares held by TIF except to the extent of his pecuniary interest therein"
pecuniary interest financial
"except to the extent of his pecuniary interest therein, if any"
Service Provider financial
"subject to Reporting Person's continued status as a Service Provider (as defined in the Issuer's 2021 Incentive Award Plan)"
2021 Incentive Award Plan financial
"Service Provider (as defined in the Issuer's 2021 Incentive Award Plan)"
FAQ
What did Joby Aviation (JOBY) director Dipender Saluja report in this Form 4?
Dipender Saluja reported exercising 19,157 restricted stock units into Common Stock and receiving a new grant of 18,850 RSUs. The filing also updates his direct holding to 191,435 shares and discloses significant indirect holdings through various investment entities.
What is the size and vesting schedule of Dipender Saluja’s new RSU award at JOBY?
Saluja received 18,850 Restricted Stock Units as the 2026 annual award for non-employee directors. This grant will fully vest on the earlier of the next annual meeting of stockholders or June 2, 2027, assuming he continues serving as a Service Provider through the vesting date.
When will Dipender Saluja’s 2026 annual RSU award for JOBY fully vest?
The 2026 annual Restricted Stock Unit award will fully vest on the earlier of the next annual meeting of Joby Aviation’s stockholders or June 2, 2027. Vesting is conditioned on Saluja maintaining his status as a Service Provider through the applicable vesting date.