Company filings show that Kate Dehoff, Chief Legal Officer and Corporate Secretary of Joby Aviation (NASDAQ: JOBY), sold 8,539 shares of common stock on February 13, 2026. The transaction was executed at $9.88 per share and amounted to approximately $84,365, according to a Form 4 filed with the Securities and Exchange Commission.
The Form 4 filing identifies the disposition as part of the mechanics to cover taxes that became due upon the release and settlement of Restricted Stock Units (RSUs). The filing also records that on February 12, 2026, Dehoff exercised options covering 19,047 shares of common stock at an exercise price of $0.
These insider transactions occurred against the backdrop of a sizable capital raise by Joby. The company announced the successful pricing of public offerings totaling roughly $1.2 billion, exceeding an initial target of $1 billion. The financings comprised $600 million of convertible senior notes due 2032 and the sale of 52,863,437 shares of common stock at $11.35 per share.
Market participants and intermediaries responded to the offering. Canaccord Genuity reduced its price target for Joby Aviation from $17.00 to $15.50 while maintaining a Hold rating. Separately, Morgan Stanley is reported to be providing borrowed shares to facilitate hedging transactions for investors in the notes.
Joby said the proceeds from the financings will be used to fund certification and manufacturing work and to prepare for commercial operations. As part of its manufacturing expansion, the company has signed an agreement to acquire a manufacturing facility in Dayton, Ohio, spanning more than 700,000 square feet. The company expects this site to boost production capacity, targeting an increase to four aircraft per month by 2027 - effectively doubling output compared with current plans.
The sequence of the insider sale - exercise of options followed by a sale to cover RSU-related taxes - is documented in the SEC filing and aligns with the customary tax-related disposition mechanics commonly disclosed by insiders. The larger corporate developments - the $1.2 billion in financings and the Dayton facility agreement - were announced concurrently and reflect the company’s stated priorities for certification, manufacturing scale-up, and commercial readiness.
Summary: Joby Aviation’s Chief Legal Officer sold 8,539 shares on February 13, 2026 to cover taxes tied to RSU settlements after exercising 19,047 options on February 12, 2026. The company concurrently completed roughly $1.2 billion in public financings and agreed to acquire a more than 700,000-square-foot manufacturing site in Dayton, Ohio, with plans to raise production to four aircraft per month by 2027.