Joby Aviation CEO reports RSU vesting, small share sale
Joby Aviation CEO and Chief Architect JoeBen Bevirt reported routine equity transactions involving restricted stock units and related tax withholding.
Rhea-AI Filing Summary
Joby Aviation CEO and Chief Architect JoeBen Bevirt reported routine equity transactions involving restricted stock units and related tax withholding. On April 7, 2026, 1,910 Restricted Stock Units were exercised for no cash cost, converting into 1,910 shares of Joby Aviation common stock.
On April 8, 2026, Bevirt sold 986 shares of common stock at $8.87 per share to cover taxes due on the RSU release, as required by the award terms. Following these transactions, he holds 264,786 shares directly, plus large indirect positions including 59,651,414 shares held by The Joby Trust and 31,876,802 shares held by the JoeBen Bevirt 2020 Descendants Trust, as well as additional shares held through a spouse-related trust and by his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
7 txns
Insider
Bevirt JoeBen
Role
CEO and Chief Architect
Sold
986 shs ($9K)
Approx. gross sale proceeds
$9K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 986 | $8.87 | $9K |
| Exercise | Restricted Stock Units (RSUs) | 1,910 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,910 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units (RSUs) — 0 contracts (Direct);
Common Stock — 264,786 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 (6)
- 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. 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.
- F3. 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.
- F4. 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.
- F5. The shares of common stock are held of record by the spouse of the Reporting Person.
- F6. Between 0% and 200% of the award will vest in equal installments on each of on March 9, 2026, and April 7, 2026, based on the achievement of specified goals and subject to the Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive up to two shares of Common Stock upon vesting.
Key Figures
Shares sold for taxes: 986 shares
Sale price: $8.87 per share
RSUs converted: 1,910 RSUs
+5 more
8 metrics
Shares sold for taxes
986 shares
Common stock sold on April 8, 2026 at $8.87 per share
Sale price
$8.87 per share
Price for 986-share common stock sale on April 8, 2026
RSUs converted
1,910 RSUs
Restricted Stock Units exercised into common stock on April 7, 2026
Direct holdings after transactions
264,786 shares
Joby Aviation common stock held directly by CEO after reported trades
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 indirectly via JoeBen Bevirt 2020 Descendants Trust
Spouse-related trust holdings
155,737 shares
Common stock held indirectly via The Jennifer Barchas Trust
Spouse holdings
189,109 shares
Common stock held indirectly by spouse of the reporting person
Key Terms
Restricted Stock Units (RSUs), derivative exercise/conversion, beneficial owner, vest, +1 more
5 terms
Restricted Stock Units (RSUs) financial
"Represents the aggregate number of shares sold by the Reporting Person to cover taxes due upon the release and settlement of the RSUs"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
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.
vest financial
"Between 0% and 200% of the award will vest in equal installments"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
pecuniary interest financial
"may be deemed to be the beneficial owner of such shares to the extent of her pecuniary interest"
FAQ
What insider transactions did JOBY CEO JoeBen Bevirt report on this Form 4?
JoeBen Bevirt reported an RSU vesting and a related share sale. 1,910 Restricted Stock Units converted into common stock on April 7, 2026, and 986 shares were sold on April 8, 2026 at $8.87 per share to cover taxes due on the RSU settlement.
What indirect Joby Aviation (JOBY) holdings are associated with JoeBen Bevirt?
Indirect holdings include 59,651,414 shares held by The Joby Trust and 31,876,802 shares held by the JoeBen Bevirt 2020 Descendants Trust. Additional indirect positions are 155,737 shares held by The Jennifer Barchas Trust and 189,109 shares held by his spouse, as disclosed in the filing.
What are the terms of the Joby Aviation (JOBY) RSU award mentioned in this Form 4?
The RSU award can vest between 0% and 200% of the target amount. Vesting occurs in equal installments on March 9, 2026, and April 7, 2026, based on specified performance goals and continued service, with each RSU delivering up to two shares of common stock upon vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.
