Reinvent Sponsor LLC - Aug 10, 2021 Form 4 Insider Report for Joby Aviation, Inc. (JOBY)

Role: FORMER 10% OWNER
Signature: /s/ David Cohen as attorney-in-fact for Reinvent Sponsor LLC
Stock symbol: JOBY
Transactions as of: Aug 10, 2021
Transactions value $: $17,300,000
Form type: 4
Date filed: 8/12/2021, 08:00 PM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	JOBY	Common Stock	Conversion of derivative security		+17.1M			17.1M	Aug 10, 2021	Direct	F1, F2

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	Conversion of derivative security		-17.1M	-100%		0	Aug 10, 2021	Common Stock	17.1M		Direct	F1, F2
transaction	JOBY	Private Placement Warrants	Other	$17.3M	+11.5M		$1.50^*	11.5M	Aug 10, 2021	Common Stock	11.5M	$11.50	Direct	F3

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

Reinvent Sponsor LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	100% of such shares are subject to vesting in tranches of 20% if the volume weighted average price of the Issuer's common stock, 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 of Reinvent Technology Partners (the former name of the Issuer) ("RTP") and Joby Aero, Inc. (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.
F2	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.
F3	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.