Didier Papadopoulos - 14 Sep 2023 Form 4 Insider Report for Joby Aviation, Inc. (JOBY)

Role
Head of Aircraft OEM
Signature
/s/ Sarah Slayen, Attorney-in-Fact for Didier Papadopoulos
Issuer symbol
JOBY
Transactions as of
14 Sep 2023
Net transactions value
-$64,372
Form type
4
Filing time
18 Sep 2023, 18:52:31 UTC
Previous filing
12 Jul 2023
Next filing
03 Oct 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 +11,641 $0.000000 11,641 14 Sep 2023 Direct
transaction JOBY Common Stock Sale $40,105 -5,968 -51% $6.72 5,673 15 Sep 2023 Direct F1, F2
transaction JOBY Common Stock Sale $24,267 -3,574 -63% $6.79 2,099 18 Sep 2023 Direct F3, F4

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 -11,641 -6.2% $0.000000 174,621 14 Sep 2023 Common Stock 11,641 $0.000000 Direct F5
transaction JOBY Restricted Stock Units (RSUs) Award $0 +7,915 $0.000000 7,915 14 Sep 2023 Common Stock 7,915 $0.000000 Direct F6
* 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 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 This transaction was executed in multiple trades at prices ranging from $6.62 to $6.73. 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 Sale made pursuant to the Reporting Person's approved 10b5-1 trading plan adopted on March 16, 2023.
F4 This transaction was executed in multiple trades at prices ranging from $6.64 to $7.03. 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.
F5 Represents an award of restricted stock units ("RSUs") that vests with respect to 16.66% of the RSUs on June 14, 2022 and as to the remaining 83.34% in 20 quarterly installments 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.
F6 Represents an award of restricted stock units ("RSUs") that vest in equal installments on each of January 16, 2024, February 12, 2024, March 11, 2024 and April 16, 2024, 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.