JoeBen Bevirt - Apr 1, 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
Apr 1, 2023
Transactions value $
-$109,317
Form type
4
Date filed
4/4/2023, 07:42 PM
Previous filing
Mar 22, 2023
Next filing
May 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JOBY Common Stock Options Exercise $0 +49.8K +10.21% $0.00 537K Apr 1, 2023 Direct
transaction JOBY Common Stock Sale -$109K -26.2K -4.88% $4.17 511K Apr 4, 2023 Direct F1
holding JOBY Common Stock 59.4M Apr 1, 2023 By Joby Trust F2
holding JOBY Common Stock 33.4M Apr 1, 2023 By JoeBen Bevirt 2020 Descendants Trust F3
holding JOBY Common Stock 5M Apr 1, 2023 By JoeBen Bevirt 2022 GRAT Trust F4
holding JOBY Common Stock 344K Apr 1, 2023 By JoeBen Bevirt 2021 GRAT Trust F5
holding JOBY Common Stock 189K Apr 1, 2023 By Spouse F6
holding JOBY Common Stock 156K Apr 1, 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 -49.8K -8.33% $0.00 548K Apr 1, 2023 Common Stock 49.8K $0.00 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.