Bevirt JoeBen 4

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.