STOCK TITAN

Joby Aviation (NYSE: JOBY) CEO trusts’ 10b5-1 plan sells 421,019 shares

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

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 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 — 224,823 shares (Direct, null)
Footnotes (1)
  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 $10.06 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. 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 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.
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
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.
SEC Form 4
FORM 4UNITED 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).
X
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 CALIFORNIA 95060

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Joby Aviation, Inc. [ JOBY ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
CEO and Chief Architect
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock05/15/2026S(1)322,019D$10.38(2)59,007,377IBy Joby Trust(3)
Common Stock05/15/2026S(1)99,000D$10.38(2)31,678,802IBy JoeBen Bevirt 2020 Descendants Trust(4)
Common Stock224,823D
Common Stock155,737IBy Jennifer Barchas Trust(5)
Common Stock189,109IBy Spouse(6)
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Sale made pursuant to the Reporting Person's approved 10b5-1 trading plan adopted on October 10, 2025.
2. 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.
3. 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.
4. 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.
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. The shares of common stock are held of record by the spouse of the Reporting Person.
Remarks:
/s/ Sarah Slayen, Attorney-in-Fact for JoeBen Bevirt05/15/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

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.

What price range applied to the Joby Aviation (JOBY) insider share sales?

The filing notes the transactions were executed in multiple trades between $10.06 and $10.57 per share. The reported transaction price of $10.38 per share represents the weighted average sale price across all individual trades during the transaction.