JoeBen Bevirt - 12 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: 12 Jan 2023
Net transactions value: -$515,043
Form type: 4
Filing time: 17 Jan 2023, 15:56:00 UTC
Previous filing: 11 Jan 2023
Next filing: 27 Feb 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	Sale	$515,043	-139,578	-22%	$3.69	487,680	12 Jan 2023	Direct	F1, F2
holding	JOBY	Common Stock						59,436,257	12 Jan 2023	By Joby Trust	F3
holding	JOBY	Common Stock						33,378,734	12 Jan 2023	By JoeBen Bevirt 2020 Descendants Trust	F4
holding	JOBY	Common Stock						5,000,000	12 Jan 2023	By JoeBen Bevirt 2022 GRAT Trust	F5
holding	JOBY	Common Stock						343,557	12 Jan 2023	By JoeBen Bevirt 2021 GRAT Trust	F6
holding	JOBY	Common Stock						189,109	12 Jan 2023	By Spouse	F7
holding	JOBY	Common Stock						155,737	12 Jan 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.