Bevirt JoeBen 4

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).