Joby Aviation (JOBY) CEO Bevirt details RSU vesting and stock sale
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 23,552 | $13.51 | $318K |
| Exercise | Restricted Stock Units (RSUs) | 12,978 | $0.00 | -- |
| Exercise | Restricted Stock Units (RSUs) | 49,801 | $0.00 | -- |
| Exercise | Common Stock | 12,978 | $0.00 | -- |
| Exercise | Common Stock | 49,801 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (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. 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. 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. The shares of common stock are held of record by the spouse of the Reporting Person. 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. 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. 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.
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.
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.
