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Joby Aviation, Inc.·4

Mar 11, 6:16 PM ET

Bevirt JoeBen 4

4 · Joby Aviation, Inc. · Filed Mar 11, 2026

Research Summary

AI-generated summary of this filing

Updated

Joby (JOBY) CEO JoeBen Bevirt Exercises RSUs, Sells Shares

What Happened

  • JoeBen Bevirt, Joby Aviation’s CEO, Chief Architect and a director, had 6,280 shares issued on conversion/exercise of derivative awards (4,369 + 1,911) on March 9, 2026 at $0.00 (RSU conversion). On March 10, 2026 he sold 3,238 shares in an open-market transaction at $10.25 each for proceeds of $33,190. The sale was to cover taxes due upon RSU settlement (see footnote F1). Net after these transactions, Bevirt retained an additional 3,042 shares (6,280 issued minus 3,238 sold).

Key Details

  • Transaction dates/prices: March 9, 2026 — conversion/exercise of derivatives into 4,369 and 1,911 shares at $0.00; March 10, 2026 — open-market sale of 3,238 shares at $10.25 ($33,190 total).
  • Net change: +3,042 shares retained after tax-withholding sale. Total beneficial holdings after the transactions are not specified in the provided data.
  • Notable footnotes: F1 — shares sold to cover taxes on RSU settlement; F6/F7 — RSU award terms and vesting schedules; F2–F5 — some shares are held in trusts where Bevirt is trustee or spouse has interest.
  • Filing: Form 4 filed 2026-03-11 for transactions occurring March 9–10, 2026 — appears to be filed timely.

Context

  • The M-coded entries reflect conversion/exercise of derivative awards (here, RSUs converting into common stock). The sale of shares to cover withholding is a common, routine occurrence and does not necessarily indicate a broader buying or selling decision.

Insider Transaction Report

Form 4
Period: 2026-03-09
Joby Aviation, Inc.JOBY
Bevirt JoeBen
DirectorCEO and Chief Architect
Transactions
  • Exercise/Conversion

    Common Stock

    2026-03-09+4,369→ 250,375 total
  • Exercise/Conversion

    Common Stock

    2026-03-09+1,911→ 252,286 total
  • Sale

    Common Stock

    [F1]
    2026-03-10$10.25/sh−3,238$33,190→ 249,048 total
  • Exercise/Conversion

    Restricted Stock Units (RSUs)

    [F6]
    2026-03-09−4,369→ 0 total
    Exercise: $0.00→ Common Stock (4,369 underlying)
  • Exercise/Conversion

    Restricted Stock Units (RSUs)

    [F7]
    2026-03-09−1,911→ 1,910 total
    Exercise: $0.00→ Common Stock (1,911 underlying)
Holdings

  • Common Stock

    [F2]
    (indirect: By Trust)
    59,651,414

  • Common Stock

    [F3]
    (indirect: By Trust)
    31,876,802

  • Common Stock

    [F4]
    (indirect: By Trust)
    155,737

  • Common Stock

    [F5]
    (indirect: By Spouse)
    189,109
Footnotes (7)
  • [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]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.
  • [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 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.
  • [F5]The shares of common stock are held of record by the spouse of the Reporting Person.
  • [F6]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.
  • [F7]Between 0% and 200% of the award will vest in equal installments on each of on March 9, 2026, and April 7, 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 up to two shares of Common Stock upon vesting.
Signature
/s/ Sarah Slayen, Attorney-in-Fact for JoeBen Bevirt|2026-03-11

Documents

1 file
  • 4
    wk-form4_1773267399.xmlPrimary

    FORM 4