Joby Aviation (JOBY) CEO Bevirt logs trust stock sales and RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Joby Aviation CEO and founder JoeBen Bevirt, a director and more than 10% owner, reported multiple stock transactions in February 2026. On February 9, 2026, trusts associated with him sold 121,000 Joby Aviation common shares held by the JoeBen Bevirt 2020 Descendants Trust and 386,182 shares held by The Joby Trust in open‑market transactions at a weighted average price of $10.62 per share under a pre‑approved Rule 10b5‑1 trading plan.
Also on February 9, 2026, 4,371 restricted stock units were exercised into common stock at an exercise price of $0, increasing his directly held common shares to 295,926. On February 10, 2026, he sold 1,590 directly held shares at a weighted average price of $10.55 to cover taxes due upon RSU vesting, leaving 294,336 shares held directly.
Additional indirect holdings reported include 155,737 common shares held by The Jennifer Barchas Trust and 189,109 shares held by his spouse, over which his spouse has voting and dispositive power.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 508,772 shares ($5,403,047)
Net Sell
7 txns
Insider
Bevirt JoeBen
Role
CEO and Chief Architect
Sold
508,772 shs ($5.40M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,590 | $10.55 | $17K |
| Exercise | Restricted Stock Units (RSUs) | 4,371 | $0.00 | -- |
| Sale | Common Stock | 121,000 | $10.62 | $1.29M |
| Sale | Common Stock | 386,182 | $10.62 | $4.10M |
| Exercise | Common Stock | 4,371 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 294,336 shares (Direct);
Restricted Stock Units (RSUs) — 4,369 shares (Direct);
Common Stock — 31,997,802 shares (Indirect, By JoeBen Bevirt 2020 Descendants Trust)
Footnotes (1)
- Sale made pursuant to the Reporting Person's approved 10b5-1 trading plan adopted on October 10, 2025. This transaction was executed in multiple trades at prices ranging from $10.32 to $10.73. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. 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 Joby Trust. The Reporting Person is the trustee of the Joby Trust and may be deemed to be the beneficial owner of such shares. 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. This transaction was executed in multiple trades at prices ranging from $10.55 to $10.67. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. 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. The shares of common stock are held of record by the spouse of the Reporting Person. Represents an award of restricted stock units ("RSUs"). Between 0% and 125% of the award will vest in equal installments on each of on January 12, 2026, February 9, 2026, and March 9, 2026, based on the achievement of specified goals and 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 transactions did Joby Aviation (JOBY) report for JoeBen Bevirt?
Joby Aviation CEO JoeBen Bevirt reported open-market sales by associated trusts, a tax-related sale of directly held shares, and conversion of restricted stock units. These transactions adjusted his direct and indirect holdings in Joby Aviation common stock but did not change his executive roles.
What RSU activity did Joby Aviation (JOBY) disclose for its CEO?
The filing shows 4,371 restricted stock units were exercised into Joby Aviation common stock at an exercise price of $0. These RSUs are part of a performance-based award scheduled to vest in installments in early 2026, subject to goal achievement and continued service.
What is JoeBen Bevirt’s direct ownership in Joby Aviation after these transactions?
After the reported RSU exercise and subsequent tax-related sale, JoeBen Bevirt directly holds 294,336 Joby Aviation common shares. The filing also lists additional indirect holdings through the JoeBen Bevirt 2020 Descendants Trust, The Joby Trust, The Jennifer Barchas Trust, and his spouse.
What is the significance of the 10b5-1 plan in JoeBen Bevirt’s JOBY stock sales?
The filing explains that certain sales were executed under an approved Rule 10b5-1 trading plan adopted on October 10, 2025. Such plans pre-schedule trades, allowing insiders to sell shares over time according to preset instructions, helping separate trading decisions from later information.