JoeBen Bevirt - Oct 1, 2022 Form 4 Insider Report for Joby Aviation, Inc. (JOBY)

Role: CEO and Chief Architect, Director, 10%+ Owner
Signature: /s/ Kate DeHoff, Attorney-in-Fact for JoeBen Bevirt
Stock symbol: JOBY
Transactions as of: Oct 1, 2022
Transactions value $: -$214,319
Form type: 4
Date filed: 10/4/2022, 08:51 PM
Previous filing: Sep 30, 2022
Next filing: Dec 20, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	JOBY	Common Stock	Options Exercise	$0	+99.6K	+48%	$0.00	307K	Oct 1, 2022	Direct
transaction	JOBY	Common Stock	Sale	-$214K	-50.4K	-16.42%	$4.25	257K	Oct 3, 2022	Direct	F1, F2
holding	JOBY	Common Stock						54.1M	Oct 1, 2022	By Joby Trust	F3
holding	JOBY	Common Stock						34M	Oct 1, 2022	By JoeBen Bevirt 2020 Descendants Trust	F4
holding	JOBY	Common Stock						5M	Oct 1, 2022	By JoeBen Bevirt 2021 GRAT Trust	F5
holding	JOBY	Common Stock						5M	Oct 1, 2022	By JoeBen Bevirt 2022 GRAT Trust	F6
holding	JOBY	Common Stock						189K	Oct 1, 2022	By Spouse	F7
holding	JOBY	Common Stock						156K	Oct 1, 2022	By Jennifer Barchas 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	-99.6K	-12.5%	$0.00	697K	Oct 1, 2022	Common Stock	99.6K	$0.00	Direct	F9

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

Explanation of Responses:

Id	Content
F1	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.
F2	This transaction was executed in multiple trades at prices ranging from $4.25 to $4.32. 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 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.
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 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.
F5	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.
F6	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.
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 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.
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.