JoeBen Bevirt - 11 Mar 2024 Form 4 Insider Report for Joby Aviation, Inc. (JOBY)

Signature
/s/ Sarah Slayen, Attorney-in-Fact for JoeBen Bevirt
Issuer symbol
JOBY
Transactions as of
11 Mar 2024
Net transactions value
-$29,794
Form type
4
Filing time
13 Mar 2024, 20:05:05 UTC
Previous filing
14 Feb 2024
Next filing
03 Apr 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JOBY Common Stock Options Exercise $0 +15,044 +2.5% $0.000000 619,481 11 Mar 2024 Direct
transaction JOBY Common Stock Gift $0 +343,557 +0.59% $0.000000 58,707,344 11 Mar 2024 By Joby Trust F1, F2
transaction JOBY Common Stock Gift $0 -343,557 -100% $0.000000* 0 11 Mar 2024 By JoeBen Bevirt 2021 GRAT Trust F1, F3
transaction JOBY Common Stock Sale $29,794 -5,497 -0.89% $5.42 613,984 13 Mar 2024 Direct F4
holding JOBY Common Stock 155,737 11 Mar 2024 By Jennifer Barchas Trust F5
holding JOBY Common Stock 32,824,274 11 Mar 2024 By JoeBen Bevirt 2020 Descendants Trust F6
holding JOBY Common Stock 189,109 11 Mar 2024 By Spouse F7
holding JOBY Common Stock 2,717,177 11 Mar 2024 By JoeBen Bevirt 2022 GRAT Trust F8

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 -15,044 -50% $0.000000 15,042 11 Mar 2024 Common Stock 15,044 $0.000000 Direct F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects a transfer of shares from the JoeBen Bevirt 2021 GRAT Trust to the Joby Trust.
F2 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.
F3 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.
F4 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.
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 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.
F7 The shares of common stock are held of record by the spouse of the Reporting Person.
F8 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.
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.