JoeBen Bevirt - Apr 1, 2025 Form 4 Insider Report for Joby Aviation, Inc. (JOBY)

Role
CEO and Chief Architect, Director, 10%+ Owner
Signature
/s/ Sarah Slayen, Attorney-in-Fact for JoeBen Bevirt
Stock symbol
JOBY
Transactions as of
Apr 1, 2025
Transactions value $
-$1,640,128
Form type
4
Date filed
4/3/2025, 04:59 PM
Previous filing
Mar 6, 2025
Next filing
Apr 9, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JOBY Common Stock Sale -$1.18M -200K -0.33% $5.89 60.6M Apr 1, 2025 By Joby Trust F1, F2, F3
transaction JOBY Common Stock Sale -$295K -50K -0.15% $5.89 32.3M Apr 1, 2025 By JoeBen Bevirt 2020 Descendants Trust F1, F2, F4
transaction JOBY Common Stock Options Exercise $0 +49.8K +6.26% $0.00 846K Apr 1, 2025 Direct
transaction JOBY Common Stock Options Exercise $0 +13K +1.53% $0.00 859K Apr 1, 2025 Direct
transaction JOBY Common Stock Sale -$128K -21.3K -2.48% $6.00 837K Apr 2, 2025 Direct F5
transaction JOBY Common Stock Sale -$40.1K -6.68K -0.8% $6.00 831K Apr 2, 2025 Direct F5
holding JOBY Common Stock 156K Apr 1, 2025 By Jennifer Barchas Trust F6
holding JOBY Common Stock 189K Apr 1, 2025 By Spouse F7
holding JOBY Common Stock 83.7K Apr 1, 2025 By JoeBen Bevirt 2022 GRAT Trust F8

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction JOBY Restricted Stock Units (RSUs) Options Exercise $0 -49.8K -25% $0.00 149K Apr 1, 2025 Common Stock 49.8K $0.00 Direct F9
transaction JOBY Restricted Stock Units (RSUs) Options Exercise $0 -13K -8.33% $0.00 143K Apr 1, 2025 Common Stock 13K $0.00 Direct F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Sale made pursuant to the Reporting Person's approved 10b5-1 trading plan adopted on March 17, 2023.
F2 This transaction was executed in multiple trades at prices ranging from $5.77 to $6.08. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F3 The shares of common stock are held of record by The Joby Trust. The Reporting Person is the trustee of the Joby Trust and may be deemed to be the beneficial owner of such shares.
F4 The shares of common stock are held of record by the JoeBen Bevirt 2020 Descendants Trust, dated December 26, 2020 (the "Descendants Trust"). The Reporting Person is the trustee of the Decendants Trust and may be deemed to be the beneficial owner of such shares.
F5 Represents the aggregate number of shares sold by the Reporting Person to cover taxes due upon the release and settlement of the RSUs, as required by the terms of the RSU award.
F6 The shares of common stock are held of record by The Jennifer Barchas Trust (the "Barchas Trust"). The spouse of the Reporting Person has voting and dispositive power of the shares held by The Barchas Trust therefore may be deemed to be the beneficial owner of such shares to the extent of her pecuniary interest.
F7 The shares of common stock are held of record by the spouse of the Reporting Person.
F8 The shares of common stock are held of record by the JoeBen Bevirt 2022 GRAT Trust (the "2022 GRAT Trust"). The Reporting Person has voting and dispositive power of the shares held by the 2022 GRAT Trust therefore may be deemed to be the beneficial owner of such shares to the extent of his pecuniary interest.
F9 Represents an award of restricted stock units ("RSUs") that vests with respect to 10% of the total number of RSUs on each of the first four quarterly anniversaries of January 1, 2022 and as to 5% of the total number of RSUs on each quarterly anniversary thereafter, subject to the Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.
F10 Represents an award of restricted stock units ("RSUs") that vest in 16 equal installments on the quarterly anniversary of January 1, 2024, subject to the Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.