Joby Aviation CEO sells shares to cover RSU taxes
Joby Aviation, Inc. CEO and Chief Architect JoeBen Bevirt exercised restricted stock units and sold shares primarily to cover related taxes.
Rhea-AI Filing Summary
Joby Aviation, Inc. CEO and Chief Architect JoeBen Bevirt exercised restricted stock units and sold shares primarily to cover related taxes. On April 2, 2026, he sold 15,823 shares of common stock at a weighted average price of $8.15 per share to pay taxes due on RSU settlement.
On April 1, 2026, he exercised RSUs for a total of 30,637 shares of common stock at a conversion price of $0.00, increasing his direct holdings. After these transactions, he held 263,862 shares directly, plus large indirect positions through trusts and his spouse, including 59,651,414 shares held by The Joby Trust and 31,876,802 shares held by the JoeBen Bevirt 2020 Descendants Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
9 txns
Insider
Bevirt JoeBen
Role
CEO and Chief Architect
Sold
15,823 shs ($129K)
Approx. gross sale proceeds
$129K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 15,823 | $8.15 | $129K |
| Exercise | Restricted Stock Units (RSUs) | 12,978 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units (RSUs) | 17,659 | $0.00 | $0.00 |
| Exercise | Common Stock | 12,978 | $0.00 | $0.00 |
| Exercise | Common Stock | 17,659 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units (RSUs) — 426,362 contracts (Direct);
Common Stock — 263,862 shares (Direct);
Common Stock — 59,651,414 shares (Indirect, By Joby Trust);
Common Stock — 31,876,802 shares (Indirect, By JoeBen Bevirt 2020 Descendants Trust);
Common Stock — 155,737 shares (Indirect, By Jennifer Barchas Trust);
Common Stock — 189,109 shares (Indirect, By Spouse)
Footnotes (8)
- F1. 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.
- F2. This transaction was executed in multiple trades at prices ranging from $8.15 to $8.42. 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.
- F7. 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.
- F8. Represents an award of restricted stock units ("RSUs") that vests with respect to 5% of the total number of RSUs on each of the first four quarterly anniversaries of January 1, 2026 and as to 10% 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.
Key Figures
Tax-related share sale: 15,823 shares at $8.15
RSUs exercised: 30,637 shares at $0.00
Direct holdings after transactions: 263,862 shares
+4 more
7 metrics
Tax-related share sale
15,823 shares at $8.15
Weighted average sale price on April 2, 2026
RSUs exercised
30,637 shares at $0.00
RSU conversions to common stock on April 1, 2026
Direct holdings after transactions
263,862 shares
Common stock directly owned after April 2, 2026 sale
The Joby Trust holdings
59,651,414 shares
Common stock held indirectly via The Joby Trust
Descendants Trust holdings
31,876,802 shares
Common stock held via JoeBen Bevirt 2020 Descendants Trust
Additional family trusts
155,737 and 189,109 shares
Common stock held via Jennifer Barchas Trust and spouse
Net buy/sell shares
-15,823 shares
Net share disposition across buy/sell transactions
Key Terms
Restricted Stock Units ("RSUs"), weighted average sale price, beneficial owner, pecuniary interest, +2 more
6 terms
Restricted Stock Units ("RSUs") financial
"Represents an award of restricted stock units ("RSUs") that vest in 16 equal installments"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
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."
vest in 16 equal installments financial
"RSUs that vest in 16 equal installments on the quarterly anniversary of January 1, 2024"
quarterly anniversaries financial
"vests with respect to 5% ... on each of the first four quarterly anniversaries of January 1, 2026"
FAQ
What insider transactions did Joby Aviation (JOBY) CEO JoeBen Bevirt report?
JoeBen Bevirt reported exercising RSUs into 30,637 Joby Aviation common shares and selling 15,823 shares. The sale was to cover taxes owed on RSU settlement, while the exercises increased his direct equity stake in the company.
Did the Joby Aviation (JOBY) CEO increase or decrease his overall holdings?
He both acquired and disposed of shares. Exercising 30,637 RSUs increased his direct holdings, while selling 15,823 shares for taxes slightly reduced them. He still holds 263,862 shares directly plus substantial additional shares through several trusts and his spouse.
What RSU awards are disclosed for the Joby Aviation (JOBY) CEO?
One RSU award vests in 16 equal quarterly installments from January 1, 2024. Another vests 5% quarterly for four quarters from January 1, 2026, then 10% quarterly. Each RSU converts into one share of Joby Aviation common stock upon vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.
