JoeBen Bevirt - 04 Jan 2024 Form 4 Insider Report for Joby Aviation, Inc. (JOBY)

Role
CEO and Chief Architect, Director, 10%+ Owner
Signature
/s/ Sarah Slayen, Attorney-in-Fact for JoeBen Bevirt
Issuer symbol
JOBY
Transactions as of
04 Jan 2024
Net transactions value
-$1,530,000
Form type
4
Filing time
05 Jan 2024, 19:18:36 UTC
Previous filing
03 Jan 2024
Next filing
18 Jan 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JOBY Common Stock Sale $306,000 -50,000 -0.15% $6.12 32,874,274 04 Jan 2024 By JoeBen Bevirt 2020 Descendants Trust F1, F2, F3
transaction JOBY Common Stock Sale $1,224,000 -200,000 -0.34% $6.12 58,363,787 04 Jan 2024 By Joby Trust F1, F2, F4
holding JOBY Common Stock 155,737 04 Jan 2024 By Jennifer Barchas Trust F5
holding JOBY Common Stock 343,557 04 Jan 2024 By JoeBen Bevirt 2021 GRAT Trust F6
holding JOBY Common Stock 2,717,177 04 Jan 2024 By JoeBen Bevirt 2022 GRAT Trust F7
holding JOBY Common Stock 189,109 04 Jan 2024 By Spouse F8
holding JOBY Common Stock 585,577 04 Jan 2024 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 Restricted Stock Units (RSUs) Award $0 +17,528 $0.000000 17,528 04 Jan 2024 Common Stock 17,528 $0.000000 Direct F9
* 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 March 17, 2023.
F2 This transaction was executed in multiple trades at prices ranging from $5.95 to $6.22. 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 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 is the trustee of the Decendants Trust and may be deemed to be the beneficial owner of such shares.
F4 The shares of common stock are held of record by The Joby Trust. The Reporting Person is the trustee of the Joby Trust and may be deemed to be the beneficial owner of such shares
F5 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.
F6 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.
F7 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.
F8 The shares of common stock are held of record by the spouse of the Reporting Person.
F9 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.