Bevirt JoeBen 4

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.