Aicha Evans - 10 Aug 2021 Form 4 Insider Report for Joby Aviation, Inc. (JOBY)

Role: Director
Signature: /s/ Kate DeHoff, Attorney-in-Fact for Aicha Evans
Issuer symbol: JOBY
Transactions as of: 10 Aug 2021
Net transactions value: $0
Form type: 4
Filing time: 12 Aug 2021, 17:43:29 UTC
Next filing: 15 Mar 2022
SEC: View on sec.gov

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	Stock Options	Award	$0	+13,047		$0.000000	13,047	10 Aug 2021	Common Stock	13,047	$1.77	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On August 10, 2021, pursuant to that certain Agreement and Plan of Merger, dated as of February 23, 2021, by and among the Issuer, RTP Merger Sub Inc. ("Merger Sub") and Joby Aero, Inc. ("Joby"), Merger Sub merged with and into Joby with Joby surviving as a wholly owned subsidiary of the Issuer (the "Merger"). Upon consummation of the Merger, each outstanding option to purchase shares of Joby common stock (each a "Joby Option") was automatically converted into an option to purchase a number of shares of common stock of the Issuer equal to (i) the number of shares of Joby common stock subject to the applicable Joby Option, multiplied by (ii) 3.4572, rounded down to the nearest whole share.
F2	Represents a stock option that vests in 12 monthly installments beginning on December 23, 2020, subject to the reporting person's continued service through the applicable vesting date.

Content

On August 10, 2021, pursuant to that certain Agreement and Plan of Merger, dated as of February 23, 2021, by and among the Issuer, RTP Merger Sub Inc. ("Merger Sub") and Joby Aero, Inc. ("Joby"), Merger Sub merged with and into Joby with Joby surviving as a wholly owned subsidiary of the Issuer (the "Merger"). Upon consummation of the Merger, each outstanding option to purchase shares of Joby common stock (each a "Joby Option") was automatically converted into an option to purchase a number of shares of common stock of the Issuer equal to (i) the number of shares of Joby common stock subject to the applicable Joby Option, multiplied by (ii) 3.4572, rounded down to the nearest whole share.

Represents a stock option that vests in 12 monthly installments beginning on December 23, 2020, subject to the reporting person's continued service through the applicable vesting date.