Bevirt JoeBen 4

What Happened
JoeBen Bevirt, Joby Aviation's CEO, Chief Architect and a director, received a grant of 26,877 restricted stock units (RSUs) on March 6, 2026. The filing shows the RSUs were reported as acquired at $0.00 (derivative award). Each RSU represents the contingent right to receive up to two shares of common stock upon vesting, so the award could convert into up to 53,754 shares if maximum performance-based vesting is achieved.

Key Details

• Transaction date: 2026-03-06; Form 4 filed: 2026-03-10 (timely filing).
• Reported grant: 26,877 RSUs, $0.00 per unit (derivative award, transaction code A).
• Vesting: Between 0% and 200% of the award may vest on March 22, 2027 based on company performance objectives and continued service (see footnote).
• Potential shares on vesting: up to 53,754 shares (26,877 RSUs × up to 2 shares each).
• Shares owned after transaction: not specified in this filing.
• No 10b5-1 sale/plan or tax-withholding details disclosed in this Form 4.

Context
This was a performance-contingent equity award, not an open-market buy or sale. Such grants do not represent immediate share ownership or cash value until and unless vesting conditions are met and shares are issued. For retail investors, awards signal compensation structure and long-term incentives but do not by themselves indicate insider buying or selling intent.