Bevirt JoeBen 4
4 · Joby Aviation, Inc. · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
Joby (JOBY) CEO JoeBen Bevirt Sells 15,823 Shares
What Happened
JoeBen Bevirt, Joby Aviation's CEO & Chief Architect (and a director), had RSUs convert to common stock on April 1, 2026 (aggregate 30,637 shares: 12,978 + 17,659) at $0.00 per share. Following vesting/conversion, 15,823 shares were sold in the open market on April 2, 2026 at a weighted-average price of $8.15 for aggregate proceeds of $128,957. The sale was executed to cover taxes due upon the RSU release (tax-withholding).
Key Details
- Transaction dates: conversions/exercise 2026-04-01; open-market sale 2026-04-02 (filed 2026-04-03). Filing appears timely.
- Conversions/Exercise: 12,978 and 17,659 shares acquired at $0.00 (derivative conversion/RSU settlement).
- Sale: 15,823 shares disposed at a weighted-average price of $8.15; total proceeds reported $128,957. Footnote indicates sale trades ranged $8.15–$8.42 and the $8.15 is the weighted average.
- Reason for sale: Footnote F1 states shares sold to cover taxes required upon RSU settlement (routine tax-withholding).
- Holdings after transaction: not specified in the summary; filing notes various shares are held of record by trusts and the reporting person may be deemed beneficial owner (see footnotes F3–F6).
- Relevant award details: RSUs vest per schedules described in footnotes (F7, F8); each RSU converts to one share upon vesting.
- Transaction codes: M = exercise/conversion of derivative; S = open-market sale; F (tax withholding) applies to the sold shares.
Context
These transactions reflect RSU vesting and routine tax-withholding (cashless sell to cover taxes), not an independent purchase or directional investment. For retail investors, such sales by insiders to satisfy tax obligations are common and do not necessarily indicate a change in the insider’s view of the company.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-04-01+12,978→ 262,026 total - Exercise/Conversion
Common Stock
2026-04-01+17,659→ 279,685 total - Sale
Common Stock
[F1][F2]2026-04-02$8.15/sh−15,823$128,957→ 263,862 total - Exercise/Conversion
Restricted Stock Units (RSUs)
[F7]2026-04-01−12,978→ 90,843 totalExercise: $0.00→ Common Stock (12,978 underlying) - Exercise/Conversion
Restricted Stock Units (RSUs)
[F8]2026-04-01−17,659→ 335,519 totalExercise: $0.00→ Common Stock (17,659 underlying)
- 59,651,414(indirect: By Trust)
Common Stock
[F3] - 31,876,802(indirect: By Trust)
Common Stock
[F4] - 155,737(indirect: By Trust)
Common Stock
[F5] - 189,109(indirect: By Spouse)
Common Stock
[F6]
Footnotes (8)
- [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]This transaction was executed in multiple trades at prices ranging from $8.15 to $8.42. 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 Joby Trust. The Reporting Person is the trustee of the Joby 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 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.
- [F5]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.
- [F6]The shares of common stock are held of record by the spouse of the Reporting Person.
- [F7]Represents an award of restricted stock units ("RSUs") that vest in 16 equal installments on the quarterly anniversary of January 1, 2024, 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.
- [F8]Represents an award of restricted stock units ("RSUs") that vests with respect to 5% of the total number of RSUs on each of the first four quarterly anniversaries of January 1, 2026 and as to 10% of the total number of RSUs on each quarterly anniversary thereafter, 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.