JoeBen Bevirt - Apr 1, 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
Stock symbol
JOBY
Transactions as of
Apr 1, 2024
Transactions value $
-$1,412,800
Form type
4
Date filed
4/3/2024, 08:35 PM
Previous filing
Mar 13, 2024
Next filing
Apr 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JOBY Common Stock Options Exercise $0 +13K +2.11% $0.00 627K Apr 1, 2024 Direct
transaction JOBY Common Stock Options Exercise $0 +49.8K +7.94% $0.00 677K Apr 1, 2024 Direct
transaction JOBY Common Stock Sale -$1.04M -200K -0.34% $5.18 58.5M Apr 1, 2024 By Joby Trust F1, F2, F3
transaction JOBY Common Stock Sale -$93.4K -18.8K -2.78% $4.96 658K Apr 3, 2024 Direct F4
transaction JOBY Common Stock Sale -$259K -50K -0.15% $5.18 32.8M Apr 1, 2024 By JoeBen Bevirt 2020 Descendants Trust F1, F2, F5
transaction JOBY Common Stock Sale -$24.4K -4.91K -0.75% $4.96 653K Apr 3, 2024 Direct F4
holding JOBY Common Stock 156K Apr 1, 2024 By Jennifer Barchas Trust F6
holding JOBY Common Stock 189K Apr 1, 2024 By Spouse F7
holding JOBY Common Stock 2.72M Apr 1, 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 -13K -6.25% $0.00 195K Apr 1, 2024 Common Stock 13K $0.00 Direct F9
transaction JOBY Restricted Stock Units (RSUs) Options Exercise $0 -49.8K -12.5% $0.00 349K Apr 1, 2024 Common Stock 49.8K $0.00 Direct F10
* 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 $5.13 to $5.39. 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 Joby Trust. The Reporting Person is the trustee of the Joby Trust and may be deemed to be the beneficial owner of such shares.
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 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.
F6 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.
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 16 equal installments on the quarterly anniversary of January 1, 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.
F10 Represents an award of restricted stock units ("RSUs") that vests with respect to 10% of the total number of RSUs on each of the first four quarterly anniversaries of January 1, 2022 and as to 5% of the total number of RSUs on each quarterly anniversary 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.