JoeBen Bevirt - Jan 12, 2023 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
Jan 12, 2023
Transactions value $
-$515,043
Form type
4
Date filed
1/17/2023, 03:56 PM
Previous filing
Jan 11, 2023
Next filing
Feb 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JOBY Common Stock Sale -$515K -140K -22.25% $3.69 488K Jan 12, 2023 Direct F1, F2
holding JOBY Common Stock 59.4M Jan 12, 2023 By Joby Trust F3
holding JOBY Common Stock 33.4M Jan 12, 2023 By JoeBen Bevirt 2020 Descendants Trust F4
holding JOBY Common Stock 5M Jan 12, 2023 By JoeBen Bevirt 2022 GRAT Trust F5
holding JOBY Common Stock 344K Jan 12, 2023 By JoeBen Bevirt 2021 GRAT Trust F6
holding JOBY Common Stock 189K Jan 12, 2023 By Spouse F7
holding JOBY Common Stock 156K Jan 12, 2023 By Jennifer Barchas Trust F8
* 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 RSUs released on January 9, 2023 (as disclosed on the Form 4 filed by the Reporting Person on January 11, 2023), as required by the terms of the RSU award.
F2 This transaction was executed in multiple trades at prices ranging from $3.69 to $4.00. 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 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.
F6 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.
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.