Joby Aviation (NYSE: JOBY) CEO trusts’ 10b5-1 plan sells 421,019 shares
Rhea-AI Filing Summary
Joby Aviation, Inc. reported insider transactions showing trusts associated with CEO and Chief Architect JoeBen Bevirt selling a total of 421,019 shares of common stock. The Joby Trust sold 322,019 shares and the JoeBen Bevirt 2020 Descendants Trust sold 99,000 shares, both at a weighted average price of $10.38 per share in open-market transactions.
These sales were made under an approved Rule 10b5-1 trading plan adopted on October 10, 2025. After the transactions, the Joby Trust held 59,007,377 shares, the Descendants Trust held 31,678,802 shares, the reporting person held 224,823 shares directly, and additional indirect holdings included 189,109 shares held by the spouse and 155,737 shares held by The Jennifer Barchas Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 421,019 shares
Net Sell
5 txns
Insider
Bevirt JoeBen
Role
CEO and Chief Architect
Sold
421,019 shs ($4.37M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 322,019 | $10.38 | $3.34M |
| Sale | Common Stock | 99,000 | $10.38 | $1.03M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 59,007,377 shares (Indirect, By Joby Trust);
Common Stock — 31,678,802 shares (Indirect, By JoeBen Bevirt 2020 Descendants Trust);
Common Stock — 224,823 shares (Direct);
Common Stock — 155,737 shares (Indirect, By Jennifer Barchas Trust);
Common Stock — 189,109 shares (Indirect, By Spouse)
Footnotes (6)
- F1. Sale made pursuant to the Reporting Person's approved 10b5-1 trading plan adopted on October 10, 2025.
- F2. This transaction was executed in multiple trades at prices ranging from $10.06 to $10.57. 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.
- F3. 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.
- F4. 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.
- F5. 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.
- F6. The shares of common stock are held of record by the spouse of the Reporting Person.
Key Figures
Total shares sold: 421,019 shares
Shares sold by Joby Trust: 322,019 shares
Shares sold by Descendants Trust: 99,000 shares
+5 more
8 metrics
Total shares sold
421,019 shares
Open-market sales by associated trusts
Shares sold by Joby Trust
322,019 shares
Non-derivative common stock sale
Shares sold by Descendants Trust
99,000 shares
Non-derivative common stock sale
Weighted average sale price
$10.38 per share
Multiple trades between $10.06 and $10.57
Joby Trust holdings after sale
59,007,377 shares
Indirect ownership following transaction
Descendants Trust holdings after sale
31,678,802 shares
Indirect ownership following transaction
Direct holdings after transaction
224,823 shares
Shares held directly by reporting person
Spouse and Barchas Trust holdings
344,846 shares
189,109 by spouse; 155,737 by Barchas Trust
Key Terms
Rule 10b5-1 trading plan, weighted average sale price, beneficial owner, pecuniary interest, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"Sale made pursuant to the Reporting Person's approved 10b5-1 trading plan adopted on October 10, 2025."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average sale price financial
"The price reported above reflects the weighted average sale price."
beneficial owner financial
"may be deemed to be the beneficial owner of such shares."
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
pecuniary interest financial
"may be deemed to be the beneficial owner of such shares to the extent of her pecuniary interest."
open-market sale financial
"Sale in open market or private transaction"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Joby Aviation (JOBY) disclose in this Form 4?
Joby Aviation disclosed that trusts associated with CEO JoeBen Bevirt sold 421,019 shares of common stock in open-market transactions at a weighted average price of $10.38 per share, while several direct and indirect shareholdings were updated to reflect post-transaction balances.
Were the Joby Aviation (JOBY) insider sales made under a Rule 10b5-1 plan?
Yes. The filing states the sales were made under an approved Rule 10b5-1 trading plan adopted on October 10, 2025. Such plans pre-schedule trades, indicating these transactions were executed according to predetermined instructions rather than discretionary timing decisions.
What are JoeBen Bevirt’s remaining indirect holdings in Joby Aviation (JOBY)?
After the reported transactions, the Joby Trust held 59,007,377 shares and the JoeBen Bevirt 2020 Descendants Trust held 31,678,802 shares. Additional indirect holdings included 189,109 shares held by the spouse and 155,737 shares held by The Jennifer Barchas Trust, as disclosed in the filing.
What direct ownership in Joby Aviation (JOBY) does JoeBen Bevirt report after these trades?
Following the reported trades, JoeBen Bevirt reported direct ownership of 224,823 shares of Joby Aviation common stock. This direct holding is separate from the substantially larger positions held through various trusts and by his spouse, which are reported as indirect ownership.