4//SEC Filing
Reinvent Sponsor LLC 4
Accession 0000899243-21-032875
CIK 0001819848other
Filed
Aug 11, 8:00 PM ET
Accepted
Aug 12, 8:00 PM ET
Size
11.2 KB
Accession
0000899243-21-032875
Insider Transaction Report
Form 4
Reinvent Sponsor LLC
Director10% Owner
Transactions
- Conversion
Class B Ordinary Shares
2021-08-10−17,130,000→ 0 total→ Common Stock (17,130,000 underlying) - Conversion
Common Stock
2021-08-10+17,130,000→ 17,130,000 total - Other
Private Placement Warrants
2021-08-10$1.50/sh+11,533,333$17,300,000→ 11,533,333 totalExercise: $11.50→ Common Stock (11,533,333 underlying)
Footnotes (3)
- [F1]100% of such shares are subject to vesting in tranches of 20% if the volume weighted average price of the Issuer's common stock, equals or exceeds $12.00, $18.00, $24.00, $32.00 or $50.00, respectively, for any 20 trading days within a 30 trading day period on or prior to the tenth anniversary of the business combination of Reinvent Technology Partners (the former name of the Issuer) ("RTP") and Joby Aero, Inc. (the "Business Combination"). On August 10, 2031, any unvested shares will be automatically forfeited. In the event the Issuer completes a transaction that results in a change of control, all unvested shares will vest immediately prior to the closing of such transaction.
- [F2]On August 10, 2021, RTP consummated the Business Combination. Pursuant to the Business Combination, RTP domesticated as a Delaware corporation and changed its name to "Joby Aviation, Inc.", and each RTP Class B ordinary share was automatically converted into the right to receive one share of the Issuer's common stock.
- [F3]Represents Private Placement Warrants acquired from the Issuer in connection with the Issuer's initial public offering. Each warrant is exercisable for one share of common stock at an exercise price of $11.50 per share, subject to certain adjustments. The warrants may be exercised commencing on the later of 12 months from the closing of the Issuer's initial public offering and 30 days after the completion of the Issuer's initial business combination and expire five years after consummation of the Business Combination or earlier upon redemption or liquidation.
Documents
Issuer
Joby Aviation, Inc.
CIK 0001819848
Entity typeother
IncorporatedCayman Islands
Related Parties
1- filerCIK 0001819852
Filing Metadata
- Form type
- 4
- Filed
- Aug 11, 8:00 PM ET
- Accepted
- Aug 12, 8:00 PM ET
- Size
- 11.2 KB