JoeBen Bevirt - Aug 22, 2022 Form 4 Insider Report for Joby Aviation, Inc. (JOBY)

Signature
/s/ Kate DeHoff, Attorney-in-Fact for JoeBen Bevirt
Stock symbol
JOBY
Transactions as of
Aug 22, 2022
Transactions value $
-$415,817
Form type
4
Date filed
8/24/2022, 05:10 PM
Previous filing
Jul 22, 2022
Next filing
Sep 27, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JOBY Common Stock Options Exercise $0 +199K +234.36% $0.00 284K Aug 22, 2022 Direct
transaction JOBY Common Stock Tax liability -$416K -76.7K -26.99% $5.42 207K Aug 23, 2022 Direct
holding JOBY Common Stock 54.5M Aug 22, 2022 By Joby Trust F1
holding JOBY Common Stock 34M Aug 22, 2022 By JoeBen Bevirt 2020 Descendants Trust F2
holding JOBY Common Stock 5M Aug 22, 2022 By JoeBen Bevirt 2021 GRAT Trust F3
holding JOBY Common Stock 5M Aug 22, 2022 By JoeBen Bevirt 2022 GRAT Trust F4
holding JOBY Common Stock 189K Aug 22, 2022 By Spouse F5
holding JOBY Common Stock 156K Aug 22, 2022 By Jennifer Barchas Trust F6

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 -199K -20% $0.00 797K Aug 22, 2022 Common Stock 199K $0.00 Direct F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares of common stock are held of record by The Joby Trust. The Reporting Person has voting and dispositive power of the shares held by The Joby Trust therefore may be deemed to be the beneficial owner of such shares to the extend of his pecuniary interest.
F2 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 has voting and dispositive power of the shares held by the Decendants Trust therefore may be deemed to be the beneficial owner of such shares to the extent of his pecuniary interest.
F3 The shares of common stock are held of record by the JoeBen Bevirt 2021 GRAT Trust (the "2021 GRAT Trust"). The Reporting Person has voting and dispositive power of the shares held by the 2021 GRAT Trust therefore may be deemed to be the beneficial owner of such shares to the extent of his pecuniary interest.
F4 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.
F5 The shares of common stock are held of record by the spouse of the Reporting Person.
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 Vested shares were not released to the Reporting Person until August 22, 2022.
F8 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.