JoeBen Bevirt - 09 Jan 2023 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
Issuer symbol
JOBY
Transactions as of
09 Jan 2023
Net transactions value
$0
Form type
4
Filing time
11 Jan 2023, 15:44:24 UTC
Previous filing
28 Dec 2022
Next filing
17 Jan 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JOBY Common Stock Gift $0 -4,656,443 -93% $0.000000 343,557 21 Dec 2022 By JoeBen Bevirt 2021 GRAT Trust F1
transaction JOBY Common Stock Gift $0 +4,656,443 +8.6% $0.000000 58,766,846 21 Dec 2022 By Joby Trust F2
transaction JOBY Common Stock Gift $0 -669,411 -2% $0.000000 33,378,734 21 Dec 2022 By JoeBen Bevirt 2020 Descendants Trust F3
transaction JOBY Common Stock Gift $0 +669,411 +1.1% $0.000000 59,436,257 21 Dec 2022 By Joby Trust F2
transaction JOBY Common Stock Options Exercise $0 +134,872 +53% $0.000000 391,530 09 Jan 2023 Direct
transaction JOBY Common Stock Options Exercise $0 +99,602 +25% $0.000000 491,132 09 Jan 2023 Direct
transaction JOBY Common Stock Options Exercise $0 +97,064 +20% $0.000000 588,196 09 Jan 2023 Direct
transaction JOBY Common Stock Options Exercise $0 +39,062 +6.6% $0.000000 627,258 09 Jan 2023 Direct
holding JOBY Common Stock 5,000,000 09 Jan 2023 By JoeBen Bevirt 2022 GRAT Trust F4
holding JOBY Common Stock 189,109 09 Jan 2023 By Spouse F5
holding JOBY Common Stock 155,737 09 Jan 2023 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 -134,872 -100% $0.000000* 0 09 Jan 2023 Common Stock 134,872 $0.000000 Direct F7
transaction JOBY Restricted Stock Units (RSUs) Options Exercise $0 -99,602 -14% $0.000000 597,609 09 Jan 2023 Common Stock 99,602 $0.000000 Direct F8
transaction JOBY Restricted Stock Units (RSUs) Options Exercise $0 -97,064 -100% $0.000000* 0 09 Jan 2023 Common Stock 97,064 $0.000000 Direct F7
transaction JOBY Restricted Stock Units (RSUs) Options Exercise $0 -39,062 -100% $0.000000* 0 09 Jan 2023 Common Stock 39,062 $0.000000 Direct F7
* 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 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.
F2 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.
F3 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.
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 Represents an award of restricted stock units ("RSUs") that vest on January 1, 2023, 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. Although the award vested on January 1, 2023, the shares were not released to the Reporting Person until January 9, 2023.
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. Although the award vested on January 1, 2023, the shares were not released to the Reporting Person until January 9, 2023.