Earnings Feed
Start Free
Joby Aviation, Inc.·4

Jul 6, 6:28 PM ET

Bevirt JoeBen 4

Research Summary

AI-generated summary

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.