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

Role: Director
Signature: /s/ Kate DeHoff, Attorney-in-Fact
Stock symbol: JOBY
Transactions as of: Aug 10, 2021
Transactions value $: $37,300,000
Form type: 4
Date filed: 8/12/2021, 05:49 PM
Previous filing: Aug 3, 2021
Next filing: Sep 3, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	JOBY	Common Stock	Award	$20M	+2M		$10.00	2M	Aug 10, 2021	See Footnote	F1
transaction	JOBY	Common Stock	Options Exercise		+17.1M			17.1M	Aug 10, 2021	See Footnote	F2, F3, F4

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	Class B Ordinary Shares	Options Exercise		-17.1M	-100%		0	Aug 10, 2021	Common Stock	17.1M		See Footnote	F2, F3, F4
transaction	JOBY	Private Placement Warrants	Other	$17.3M	+11.5M		$1.50^*	11.5M	Aug 10, 2021	Common Stock	11.5M	$11.50	See Footnote	F4, F5

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

Explanation of Responses:

Id	Content
F1	Reflects shares of the Issuer's common stock acquired from the Issuer pursuant to a Subscription Agreement in connection with the business combination of Reinvent Technology Partners ("RTP) and Joby Aero, Inc. (the "Business Combination"). These securities are directly held by Reprogrammed Interchange LLC ("Reprogrammed"). On the basis of the reporting person's relationship with Reprogrammed, the reporting person may be deemed a beneficial owner of the securities held by Reprogrammed. The reporting person disclaims beneficial ownership of the securities held by Reprogrammed, except to the extent of his pecuniary interest therein.
F2	100% of such shares are subject to vesting in tranches of 20% if the volume weighted average price of the equals or exceeds $12.00, $18.00, $24.00, $32.00 or $50.00, respectively, for any 20 trading days within a 30 trading day period on or prior to the tenth anniversary of the Business Combination. On August 10, 2031, any unvested shares will be automatically forfeited. In the event the Issuer completes a transaction that results in a change of control, all unvested shares will vest immediately prior to the closing of such transaction.
F3	On August 10, 2021, RTP consummated the Business Combination. Pursuant to the Business Combination, RTP domesticated as a Delaware corporation and changed its name to "Joby Aviation, Inc.", and each RTP Class B ordinary share was automatically converted into the right to receive one share of the Issuer's common stock.
F4	The securities reported herein are directly held by Reinvent Sponsor LLC (the "Sponsor"). The reporting person may be deemed a beneficial owner of securities held by the Sponsor by virtue of his shared control over and indirect pecuniary interest in the Sponsor. The reporting person disclaims beneficial ownership of the securities held by the Sponsor, except to the extent of his pecuniary interest therein.
F5	Represents Private Placement Warrants acquired from the Issuer in connection with the Issuer's initial public offering. Each warrant is exercisable for one share of common stock at an exercise price of $11.50 per share, subject to certain adjustments. The warrants may be exercised commencing on the later of 12 months from the closing of the Issuer's initial public offering and 30 days after the completion of the Issuer's initial business combination and expire five years after consummation of the Business Combination or earlier upon redemption or liquidation.