Gregory Bowles - Jun 29, 2023 Form 4 Insider Report for Joby Aviation, Inc. (JOBY)

Signature
/s/ Sarah Slayen, Attorney-in-Fact for Gregory Bowles
Stock symbol
JOBY
Transactions as of
Jun 29, 2023
Transactions value $
-$215,800
Form type
4
Date filed
7/3/2023, 02:42 PM
Previous filing
Jun 23, 2023
Next filing
Aug 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JOBY Common Stock Options Exercise $4.2K +20K +131.19% $0.21* 35.2K Jun 29, 2023 Direct
transaction JOBY Common Stock Sale -$220K -20K -56.75% $11.00 15.2K Jun 29, 2023 Direct F1

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 -20K -17.35% $0.00 95.2K Jun 29, 2023 Common Stock 20K $0.21 Direct F2
* 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 adopted on August 25, 2022.
F2 Represents a stock option that vested with respect to 16.66% of the underlying shares on April 29, 2020 and vests as to the remaining 83.34% of underlying shares in 20 quarterly installments thereafter, subject to the Reporting Person's continued service through the applicable vesting date.

Remarks:

Head of Government & Regulatory Affairs