Bonny Simi - May 30, 2023 Form 4 Insider Report for Joby Aviation, Inc. (JOBY)

Role
Head of Air Operations and People
Signature
/s/ Kate DeHoff, Attorney-in-Fact for Bonny Simi
Stock symbol
JOBY
Transactions as of
May 30, 2023
Transactions value $
-$496,408
Form type
4
Date filed
6/1/2023, 04:17 PM
Previous filing
Mar 22, 2023
Next filing
Jun 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JOBY Common Stock Sale -$697K -129K -62.37% $5.40 77.9K May 30, 2023 Direct F1, F2
transaction JOBY Common Stock Options Exercise $200K +113K +145.46% $1.77* 191K May 30, 2023 Direct

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 Stock Options Options Exercise $0 -113K -9% $0.00 1.14M May 30, 2023 Common Stock 113K $1.77 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Sale made pursuant to the Reporting Person's approved 10b5-1 trading plan
F2 This transaction was executed in multiple trades at prices ranging from $5.33 to $5.49. 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 Represents a stock option that is immediately exercisable with respect to 74% of the underlying shares and 3.74% of the underlying shares become exercisable thereafter on each of December 15, 2021 and March 15 of each of the following years with the last installment becoming exercisable on January 1, 2027.

Remarks:

Head of Air Operations and People