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Joby Aviation CEO reports large trust share transfers in Form 4

Joby Aviation’s CEO and founder JoeBen Bevirt, who is also a director and 10% owner, reported internal share transfers involving family trusts.

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Joby Aviation’s CEO and founder JoeBen Bevirt, who is also a director and 10% owner, reported internal share transfers involving family trusts. On 12/19/2025, 83,666 shares of common stock were distributed by the JoeBen Bevirt 2022 GRAT Trust to its beneficiaries at a reported price of $0, described as a distribution under the trust’s terms. On 12/22/2025, 6,375 shares of common stock were transferred at $0 from The Joby Trust, with Bevirt identified as trustee. Following these transactions, he continues to report large indirect beneficial holdings through multiple vehicles, including The Joby Trust, the JoeBen Bevirt 2020 Descendants Trust, his spouse, and the Jennifer Barchas Trust.

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Insider Bevirt JoeBen
Role CEO and Chief Architect
Type Security Shares Price Value
Gift Common Stock 6,375 $0.00 $0.00
Gift Common Stock 83,666 $0.00 $0.00
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 0 shares (Indirect, By JoeBen Bevirt 2022 GRAT Trust); Common Stock — 60,423,778 shares (Indirect, By Joby Trust); Common Stock — 249,587 shares (Direct); Common Stock — 32,118,802 shares (Indirect, By JoeBen Bevirt 2020 Descendants Trust); Common Stock — 189,109 shares (Indirect, By Spouse); Common Stock — 155,737 shares (Indirect, By Jennifer Barchas Trust)
Footnotes (6)
  1. F1. Reflects a distribution of shares by the JoeBen Bevirt 2022 GRAT Trust to the beneficiaries thereof, pursuant to the terms of the trust.
  2. F2. The shares of common stock are held of record by the JoeBen Bevirt 2022 GRAT Trust (the "2022 GRAT Trust"). The Reporting Person has voting and dispositive power of the shares held by the 2022 GRAT Trust therefore may be deemed to be the beneficial owner of such shares to the extent of his pecuniary interest.
  3. 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.
  4. 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.
  5. F5. The shares of common stock are held of record by the spouse of the Reporting Person.
  6. F6. 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.

FAQ

What insider transaction did Joby Aviation (JOBY) disclose in this Form 4?
The filing reports that CEO, director and 10% owner JoeBen Bevirt recorded internal transfers of Joby Aviation common stock involving his family trusts, including a distribution of shares from the 2022 GRAT Trust and a transfer from The Joby Trust, both at a reported price of $0 per share.

How many Joby Aviation (JOBY) shares were distributed from the 2022 GRAT Trust?
On 12/19/2025, the Form 4 shows 83,666 shares of Joby Aviation common stock were distributed by the JoeBen Bevirt 2022 GRAT Trust to its beneficiaries at a reported price of $0, described as a distribution under the trust’s terms.

What shares are reported for The Joby Trust in this Joby Aviation (JOBY) Form 4?
On 12/22/2025, 6,375 shares of Joby Aviation common stock were transferred from The Joby Trust at a reported price of $0. After this transaction, the filing reports 60,423,778 shares of common stock held indirectly through The Joby Trust.

How does JoeBen Bevirt hold his Joby Aviation (JOBY) shares after these transactions?
After the reported transactions, JoeBen Bevirt continues to report indirect beneficial ownership of Joby Aviation common stock through multiple entities, including The Joby Trust, the JoeBen Bevirt 2020 Descendants Trust, his spouse, and the Jennifer Barchas Trust, as detailed in the beneficial ownership table.

What does transaction code G mean in this Joby Aviation (JOBY) Form 4?
The Form 4 uses transaction code G for the reported movements of Joby Aviation common stock. The explanation states that the 83,666-share entry reflects a distribution of shares by the JoeBen Bevirt 2022 GRAT Trust to its beneficiaries under the trust’s terms, aligning with a gift or similar transfer classification.

Are these Joby Aviation (JOBY) insider transactions open market sales?
No open market sales are indicated. The reported Joby Aviation transactions show a $0 price and are described as distributions and transfers involving family trusts and related entities, rather than purchases or sales on the open market.

What roles does JoeBen Bevirt hold at Joby Aviation (JOBY) according to this filing?
The Form 4 identifies JoeBen Bevirt as a Director, a 10% Owner, and an Officer of Joby Aviation, Inc., with the officer title listed as CEO and Chief Architect.

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SEC Form 4
FORM 4 UNITED 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).
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 CA 95060
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Joby Aviation, Inc. [ JOBY ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
X Officer (give title below) Other (specify below)
CEO and Chief Architect
3. Date of Earliest Transaction (Month/Day/Year)
12/19/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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)
Code V Amount (A) or (D) Price
Common Stock 12/19/2025 G(1) 83,666 D $0 0 I By JoeBen Bevirt 2022 GRAT Trust(2)
Common Stock 12/22/2025 G 6,375 D $0 60,423,778 I By Joby Trust(3)
Common Stock 249,587 D
Common Stock 32,118,802 I By JoeBen Bevirt 2020 Descendants Trust(4)
Common Stock 189,109 I By Spouse(5)
Common Stock 155,737 I By Jennifer Barchas Trust(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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Reflects a distribution of shares by the JoeBen Bevirt 2022 GRAT Trust to the beneficiaries thereof, pursuant to the terms of the trust.
2. The shares of common stock are held of record by the JoeBen Bevirt 2022 GRAT Trust (the "2022 GRAT Trust"). The Reporting Person has voting and dispositive power of the shares held by the 2022 GRAT Trust therefore may be deemed to be the beneficial owner of such shares to the extent of his pecuniary interest.
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 spouse of the Reporting Person.
6. 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.
Remarks:
/s/ Sarah Slayen, Attorney-in-Fact for JoeBen Bevirt 12/22/2025
** Signature of Reporting Person Date
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.

Source: View Original Filing on SEC EDGAR