Bevirt JoeBen 4

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.