Joby Aviation (NYSE: JOBY) CEO awarded 1.06M RSUs with time and performance vesting

Rhea-AI Filing Summary

Bevirt JoeBen reported acquisition or exercise transactions in this Form 4 filing.

Joby Aviation CEO JoeBen Bevirt received two new restricted stock unit (RSU) awards totaling 1,059,534 units of Common Stock-equivalent. One award of 353,178 RSUs vests over time, with 5% vesting on each of the first four quarterly anniversaries of January 1, 2026 and 10% vesting on each quarterly anniversary thereafter, conditioned on his continued service. A second award of 706,356 RSUs vests in multiple tranches only if specified performance goals are achieved on or before the third anniversary of the grant date, also requiring continued service. Each RSU represents the right to receive one share of Joby Aviation common stock upon vesting, so these grants expand Bevirt’s potential future equity stake but do not involve any open-market buying or selling.

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

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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 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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO and Chief Architect

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/18/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price

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
Restricted Stock Units (RSUs)	$0	03/18/2026		A		353,178		(1)	(1)	Common Stock	353,178	$0	353,178	D
Restricted Stock Units (RSUs)	$0	03/18/2026		A		706,356		(2)	(2)	Common Stock	706,356	$0	706,356	D

Explanation of Responses:

1. 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.

2. Represents an award of restricted stock units ("RSUs") that vests in multiple tranches upon the achievement of specified goals, provided that such goals are achieved on or prior to the third anniversary of the grant date, 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.

Remarks:

	/s/ Sarah Slayen, Attorney-in-Fact for JoeBen Bevirt	03/20/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did Joby Aviation (JOBY) disclose about CEO JoeBen Bevirt’s new RSU grants?

Joby Aviation reported that CEO JoeBen Bevirt received two new RSU awards totaling 1,059,534 units. These awards are equity-based compensation that may convert into common shares over time or upon meeting performance goals, aligning his incentives with long-term company outcomes.

How many restricted stock units were granted to Joby Aviation (JOBY) CEO JoeBen Bevirt?

JoeBen Bevirt received 353,178 time-based RSUs and 706,356 performance-based RSUs, totaling 1,059,534 units. Each RSU represents a contingent right to receive one share of Joby Aviation common stock upon vesting, subject to the applicable service and performance conditions.

What are the vesting terms for JoeBen Bevirt’s time-based RSUs at Joby Aviation (JOBY)?

The 353,178 time-based RSUs vest 5% on each of the first four quarterly anniversaries of January 1, 2026, then 10% on each quarterly anniversary after that. Vesting requires Bevirt’s continued service through each applicable vesting date to receive the underlying shares.

How do the performance-based RSUs for Joby Aviation (JOBY) CEO vest?

The 706,356 performance-based RSUs vest in multiple tranches only if specified goals are achieved on or before the third anniversary of the grant date. Vesting also requires JoeBen Bevirt’s continued service through each vesting date, tying compensation to meeting defined company milestones.

Do JoeBen Bevirt’s new RSU grants at Joby Aviation (JOBY) involve open-market share purchases or sales?

The Form 4 shows RSU grants classified as acquisitions under compensation, not open-market trades. No shares were bought or sold on the market; instead, Bevirt received contingent rights that may convert into common stock if time-based and performance conditions are satisfied.

What does each RSU granted to JoeBen Bevirt by Joby Aviation (JOBY) represent?

Each RSU represents a contingent right to receive one share of Joby Aviation common stock when the unit vests. Actual share delivery depends on satisfying the detailed vesting conditions, including required service periods and, for part of the grant, achievement of specified performance goals.