JoeBen Bevirt - 01 Apr 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: 01 Apr 2023
Net transactions value: -$109,317
Form type: 4
Filing time: 04 Apr 2023, 19:42:01 UTC
Previous filing: 22 Mar 2023
Next filing: 18 May 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	Options Exercise	$0	+49,800	+10%	$0.000000	537,480	01 Apr 2023	Direct
transaction	JOBY	Common Stock	Sale	$109,317	-26,215	-4.9%	$4.17	511,265	04 Apr 2023	Direct	F1
holding	JOBY	Common Stock						59,406,823	01 Apr 2023	By Joby Trust	F2
holding	JOBY	Common Stock						33,378,734	01 Apr 2023	By JoeBen Bevirt 2020 Descendants Trust	F3
holding	JOBY	Common Stock						5,000,000	01 Apr 2023	By JoeBen Bevirt 2022 GRAT Trust	F4
holding	JOBY	Common Stock						343,557	01 Apr 2023	By JoeBen Bevirt 2021 GRAT Trust	F5
holding	JOBY	Common Stock						189,109	01 Apr 2023	By Spouse	F6
holding	JOBY	Common Stock						155,737	01 Apr 2023	By Jennifer Barchas Trust	F7

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	-49,800	-8.3%	$0.000000	547,809	01 Apr 2023	Common Stock	49,800	$0.000000	Direct	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 the RSUs, as required by the terms of the RSU award.
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 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 spouse of the Reporting Person.
F7	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.
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.