Bevirt JoeBen 4
4 · Joby Aviation, Inc. · Filed Feb 11, 2026
Research Summary
AI-generated summary of this filing
Joby (JOBY) 10% Owner JoeBen Bevirt Sells Shares (~$5.4M)
What Happened
- JoeBen Bevirt, a reported 10% owner of Joby Aviation (JOBY), sold a total of 508,772 shares in open-market transactions on Feb 9–10, 2026, generating approximately $5.40 million in proceeds. The main trades were 121,000 shares at $10.62 ($1,285,020) and 386,182 shares at a weighted average of $10.62 ($4,101,253), plus 1,590 shares at a weighted average of $10.55 ($16,775).
- On Feb 9, 2026, 4,371 derivative awards (RSUs) converted to shares (reported as an acquisition at $0.00) and an aggregate of 4,371 shares were disposed (reported at $0.00) to cover tax withholding upon vesting (per footnote). Some sales were executed under a 10b5‑1 trading plan adopted Oct 10, 2025.
Key Details
- Dates: Feb 9, 2026 (majority of sales and RSU conversion); Feb 10, 2026 (small additional sale). Filing date: Feb 11, 2026 (filed within the usual 2‑business‑day Form 4 window).
- Prices/values: weighted average prices reported (ranges noted in footnotes) — total cash proceeds ≈ $5,403,048.
- Shares sold: 121,000; 386,182; 1,590 (total 508,772). RSU conversion: 4,371 shares with same number reported disposed/withheld for taxes.
- Ownership after transaction: not specified in the provided summary of the Form 4 (see the full filing for post-transaction beneficial ownership).
- Notable footnotes: sales pursuant to an approved 10b5‑1 plan (F1); multiple-trade weighted averages with price ranges (F2, F6); shares held via trusts for which Bevirt is trustee or related party (F3–F4, F7–F8); RSU vesting and tax-withholding details (F5, F9).
Context
- These transactions are primarily dispositions (sales) and an RSU conversion with tax-withholding — routine for insiders when shares vest or under pre-set trading plans. Sales do not necessarily indicate a change in outlook; purchases are usually more directly interpreted as bullish signals.
- For the RSU-related entries: RSUs vested/converted into shares and an aggregate number of shares were withheld/sold to cover taxes (a common cashless settlement mechanism). The Form 4 reports these as conversions/dispositions (derivative code M and tax withholding code F5).
Insider Transaction Report
Form 4
Bevirt JoeBen
DirectorCEO and Chief Architect10% Owner
Transactions
- Sale
Common Stock
[F1][F2][F3]2026-02-09$10.62/sh−121,000$1,285,020→ 31,997,802 total(indirect: By Trust) - Sale
Common Stock
[F1][F2][F4]2026-02-09$10.62/sh−386,182$4,101,253→ 60,037,596 total(indirect: By Trust) - Exercise/Conversion
Common Stock
2026-02-09+4,371→ 295,926 total - Sale
Common Stock
[F5][F6]2026-02-10$10.55/sh−1,590$16,775→ 294,336 total - Exercise/Conversion
Restricted Stock Units (RSUs)
[F9]2026-02-09−4,371→ 4,369 totalExercise: $0.00→ Common Stock (4,371 underlying)
Holdings
- 155,737(indirect: By Trust)
Common Stock
[F7] - 189,109(indirect: By Spouse)
Common Stock
[F8]
Footnotes (9)
- [F1]Sale made pursuant to the Reporting Person's approved 10b5-1 trading plan adopted on October 10, 2025.
- [F2]This transaction was executed in multiple trades at prices ranging from $10.32 to $10.73. 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]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.
- [F6]This transaction was executed in multiple trades at prices ranging from $10.55 to $10.67. 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.
- [F7]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.
- [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"). Between 0% and 125% of the award will vest in equal installments on each of on January 12, 2026, February 9, 2026, and March 9, 2026, based on the achievement of specified goals 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.
Signature
/s/ Sarah Slayen, Attorney-in-Fact for JoeBen Bevirt|2026-02-11