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Joby Aviation (JOBY) CEO Bevirt details RSU vesting and stock sale

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Joby Aviation, Inc. insider JoeBen Bevirt, who serves as CEO, Chief Architect, director and a 10% owner, reported equity transactions and updated holdings. On 01/01/2026, restricted stock units (RSUs) converted into 12,978 and 49,801 shares of common stock at an exercise price of $0 per share. On 01/02/2026, he sold 23,552 shares of common stock at $13.51 per share to cover taxes due on the RSU settlement, leaving 288,814 shares held directly.

Bevirt also reports large indirect ownership stakes: 60,423,778 shares held by The Joby Trust, 32,118,802 shares held by the JoeBen Bevirt 2020 Descendants Trust, 189,109 shares held by his spouse, and 155,737 shares held by the Jennifer Barchas Trust. Each RSU represents the right to receive one share of common stock upon vesting, subject to his continued service.

Positive

  • None.

Negative

  • None.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Bevirt JoeBen

(Last) (First) (Middle)
C/O JOBY AVIATION, INC.
333 ENCINAL STREET

(Street)
SANTA CRUZ CA 95060

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Joby Aviation, Inc. [ JOBY ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
X Officer (give title below) Other (specify below)
CEO and Chief Architect
3. Date of Earliest Transaction (Month/Day/Year)
01/01/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 01/01/2026 M 12,978 A $0 262,565 D
Common Stock 01/01/2026 M 49,801 A $0 312,366 D
Common Stock 01/02/2026 S(1) 23,552 D $13.51 288,814 D
Common Stock 60,423,778 I By Joby Trust(2)
Common Stock 32,118,802 I By JoeBen Bevirt 2020 Descendants Trust(3)
Common Stock 189,109 I By Spouse(4)
Common Stock 155,737 I By Jennifer Barchas Trust(5)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (RSUs) $0 01/01/2026 M 12,978 (6) (6) Common Stock 12,978 $0 103,821 D
Restricted Stock Units (RSUs) $0 01/01/2026 M 49,801 (7) (7) Common Stock 49,801 $0 0 D
Explanation of Responses:
1. 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.
2. 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.
3. 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.
4. The shares of common stock are held of record by the spouse of the Reporting Person.
5. 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.
6. 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.
7. Represents an award of restricted stock units ("RSUs") that vests with respect to 10% of the total number of RSUs on each of the first four quarterly anniversaries of January 1, 2022 and as to 5% 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.
Remarks:
/s/ Sarah Slayen, Attorney-in-Fact for JoeBen Bevirt 01/05/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider activity did JOBY CEO JoeBen Bevirt report on this Form 4?

JoeBen Bevirt reported the settlement of restricted stock units (RSUs) into 12,978 and 49,801 shares of Joby Aviation common stock on 01/01/2026, and the sale of 23,552 shares on 01/02/2026 at $13.51 per share to cover taxes.

How many JOBY shares does JoeBen Bevirt hold directly after these transactions?

Following the reported transactions, JoeBen Bevirt directly owns 288,814 shares of Joby Aviation common stock.

What indirect JOBY shareholdings are reported for JoeBen Bevirt?

Indirectly, 60,423,778 shares are held by The Joby Trust, 32,118,802 shares by the JoeBen Bevirt 2020 Descendants Trust, 189,109 shares by his spouse, and 155,737 shares by the Jennifer Barchas Trust.

Why did JoeBen Bevirt sell 23,552 shares of Joby Aviation stock?

The filing states the 23,552 shares sold on 01/02/2026 were to cover taxes due upon the release and settlement of RSUs, as required by the RSU award terms.

What are the terms of JoeBen Bevirt’s restricted stock unit (RSU) awards at JOBY?

One RSU award vests in 16 equal installments on each quarterly anniversary of January 1, 2024. Another award vests 10% on each of the first four quarterly anniversaries of January 1, 2022 and 5% on each quarterly anniversary thereafter, in each case subject to his continued service.

What roles does JoeBen Bevirt hold at Joby Aviation, Inc. (JOBY)?

JoeBen Bevirt is reported as a director, 10% owner, and officer of Joby Aviation, serving as CEO and Chief Architect.

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13.90B
583.93M
40.56%
37.5%
6.43%
Airports & Air Services
Aircraft
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United States
SANTA CRUZ