Bevirt JoeBen 4
4 · Joby Aviation, Inc. · Filed Apr 9, 2026
Research Summary
AI-generated summary of this filing
Joby (JOBY) CEO JoeBen Bevirt Sells 986 Shares
What Happened
JoeBen Bevirt, Joby’s CEO, Chief Architect and a director, had 1,910 RSU-derived shares convert (reported as an exercise/conversion of a derivative) on 2026-04-07 and subsequently sold 986 shares in the open market on 2026-04-08 at $8.87 per share for total proceeds of $8,746. The conversion entries show shares issued at $0.00; the subsequent sale was reported as routine tax-related disposition.
Key Details
- Transaction dates and prices:
- 2026-04-07: Conversion/exercise of derivative (RSU settlement) — 1,910 shares acquired at $0.00.
- 2026-04-07: Disposition of 1,910 derivative shares at $0.00 (reported in the filing).
- 2026-04-08: Open-market sale — 986 shares @ $8.87, proceeds $8,746.
- Reason for sale: Footnote indicates shares were sold to cover taxes due upon RSU release/settlement (tax withholding).
- Shares owned after transaction: The filing does not list a post-transaction total in the provided excerpt. Several holdings are reported of record in trusts (The Joby Trust, JoeBen Bevirt 2020 Descendants Trust, The Jennifer Barchas Trust) and his spouse, per footnotes; the Reporting Person is trustee and may be deemed beneficial owner of those trust shares.
- Filing timeliness: Report filed 2026-04-09 for transactions on 2026-04-07/04-08 — appears timely (no late filing noted).
Context
- The M transaction code indicates an exercise or conversion of a derivative; here it reflects RSU settlement (footnote F6 explains each RSU may convert into up to two shares based on performance and vesting dates).
- The sale appears to be routine tax withholding/covering-sale following RSU vesting, not an independent open-market purchase signaling new bullish conviction.
- Amount is modest (≈ $8.7k), so this is generally considered routine compensation-related activity rather than a market-timing trade.
Insider Transaction Report
Form 4
Bevirt JoeBen
DirectorCEO and Chief Architect
Transactions
- Exercise/Conversion
Common Stock
2026-04-07+1,910→ 265,772 total - Sale
Common Stock
[F1]2026-04-08$8.87/sh−986$8,746→ 264,786 total - Exercise/Conversion
Restricted Stock Units (RSUs)
[F6]2026-04-07−1,910→ 0 totalExercise: $0.00→ Common Stock (1,910 underlying)
Holdings
- 59,651,414(indirect: By Trust)
Common Stock
[F2] - 31,876,802(indirect: By Trust)
Common Stock
[F3] - 155,737(indirect: By Trust)
Common Stock
[F4] - 189,109(indirect: By Spouse)
Common Stock
[F5]
Footnotes (6)
- [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]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|2026-04-09