JoeBen Bevirt - 10 Feb 2025 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
10 Feb 2025
Net transactions value
-$12,795
Form type
4
Filing time
12 Feb 2025, 18:58:06 UTC
Previous filing
05 Feb 2025
Next filing
14 Feb 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JOBY Common Stock Options Exercise $0 +4,564 +0.59% $0.000000 775,766 10 Feb 2025 Direct
transaction JOBY Common Stock Sale $12,795 -1,706 -0.22% $7.50 774,060 11 Feb 2025 Direct F1, F2
holding JOBY Common Stock 155,737 10 Feb 2025 By Jennifer Barchas Trust F3
holding JOBY Common Stock 60,828,414 10 Feb 2025 By Joby Trust F4
holding JOBY Common Stock 32,325,793 10 Feb 2025 By JoeBen Bevirt 2020 Descendants Trust F5
holding JOBY Common Stock 189,109 10 Feb 2025 By Spouse F6
holding JOBY Common Stock 83,666 10 Feb 2025 By JoeBen Bevirt 2022 GRAT Trust F7

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 -4,564 -33% $0.000000 9,128 10 Feb 2025 Common Stock 4,564 $0.000000 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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 $7.50 to $7.62. 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 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.
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 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 spouse of the Reporting Person.
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 Represents an award of restricted stock units ("RSUs"). Between 0% and 125% of the award will vest in equal installments on each of on January 14, 2025, February 10, 2025, March 4, 2025 and April 7, 2025, based on the achievement of specified goals under the Joby Aviation, Inc. 2024 Performance Award Program and 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.