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Joby Aviation, Inc.·4

Jul 6, 6:28 PM ET

Bevirt JoeBen 4

4 · Joby Aviation, Inc. · Filed Jul 6, 2026

Research Summary

AI-generated summary of this filing

Updated

Joby (JOBY) CEO JoeBen Bevirt Exercises RSUs; Sells 15,788 Shares

What Happened

  • JoeBen Bevirt, Joby Aviation CEO, Chief Architect and a director, had RSUs convert/exercise into shares (reported as derivative conversions, code M) and sold a portion to cover taxes. On July 1, 2026 he acquired/converted 12,977 and 17,659 shares (total 30,636) at $0.00 (RSU settlement). On July 2, 2026 he sold 15,788 shares in an open-market/restricted sale at $8.92 per share for proceeds of $140,829. The sale is described in the filing as shares sold to cover taxes due on the RSU settlement (see footnote F1).

Key Details

  • Transaction dates and prices:
    • 2026-07-01: 12,977 shares converted @ $0.00 (acquired)
    • 2026-07-01: 17,659 shares converted @ $0.00 (acquired)
    • 2026-07-02: 15,788 shares sold @ $8.92 → $140,829 proceeds
  • Purpose of sale: Footnote F1 states the shares sold were to cover taxes upon release/settlement of RSUs.
  • Holdings/beneficial ownership: The filing indicates shares are held in various trusts (The Joby Trust, JoeBen Bevirt 2020 Descendants Trust, The Jennifer Barchas Trust) where Bevirt is trustee or a related party may have interests (see F2–F5). The Form 4 excerpt provided does not state total shares owned after these transactions—see the full Form 4 for total beneficial ownership.
  • Vesting info: Footnotes F6 and F7 describe the RSU award vesting schedules that govern these conversions.
  • Filing timeliness: Transactions occurred July 1–2, 2026 and the Form 4 was filed July 6, 2026. The July 1 conversion(s) appear to have been reported after the two-business-day Form 4 deadline; the July 2 sale was reported within the typical two-business-day window.

Context

  • These were RSU settlements (no cash exercise price) rather than option purchases. The subsequent sale of 15,788 shares was a routine tax-withholding sale, not necessarily a discretionary “insider sell” signaling a view on the company. For retail investors, purchases are often more informative than routine withholding sales; this filing primarily documents RSU vesting and tax-related disposition.

Insider Transaction Report

Form 4
Period: 2026-07-01
Joby Aviation, Inc.JOBY
Bevirt JoeBen
DirectorCEO and Chief Architect
Transactions
  • Exercise/Conversion

    Common Stock

    2026-07-01+12,977→ 237,800 total
  • Exercise/Conversion

    Common Stock

    2026-07-01+17,659→ 255,459 total
  • Sale

    Common Stock

    [F1]
    2026-07-02$8.92/sh−15,788$140,829→ 239,671 total
  • Exercise/Conversion

    Restricted Stock Units (RSUs)

    [F6]
    2026-07-01−12,977→ 77,866 total
    Exercise: $0.00→ Common Stock (12,977 underlying)
  • Exercise/Conversion

    Restricted Stock Units (RSUs)

    [F7]
    2026-07-01−17,659→ 317,860 total
    Exercise: $0.00→ Common Stock (17,659 underlying)
Holdings

  • Common Stock

    [F2]
    (indirect: By Trust)
    59,007,377

  • Common Stock

    [F3]
    (indirect: By Trust)
    31,678,802

  • Common Stock

    [F4]
    (indirect: By Trust)
    155,737

  • Common Stock

    [F5]
    (indirect: By Spouse)
    189,109
Footnotes (7)
  • [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]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.
  • [F7]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.
Signature
/s/ Sarah Slayen, Attorney-in-Fact for JoeBen Bevirt|2026-07-06

Documents

1 file
  • 4
    wk-form4_1783376920.xmlPrimary

    FORM 4