Joby Aviation (NYSE: JOBY) CEO sells shares to cover RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Joby Aviation, Inc. CEO JoeBen Bevirt reported RSU vesting and a related share sale. On July 1, 2026, he acquired 17,659 and 12,977 shares of common stock through the conversion of restricted stock units (RSUs) at a conversion price of $0.00 per share.
On July 2, 2026, he sold 15,788 shares of common stock at $8.92 per share. A footnote states this represents shares sold to cover taxes due upon the release and settlement of the RSUs, as required by the RSU award terms. Following these transactions, he holds 239,671 common shares directly, and additional indirect holdings through The Joby Trust (59,007,377 shares), the JoeBen Bevirt 2020 Descendants Trust (31,678,802 shares), The Jennifer Barchas Trust (155,737 shares), and his spouse (189,109 shares).
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 15,788 shares ($140,829)
Net Sell
9 txns
Insider
Bevirt JoeBen
Role
CEO and Chief Architect
Sold
15,788 shs ($141K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 15,788 | $8.92 | $141K |
| Exercise | Restricted Stock Units (RSUs) | 12,977 | $0.00 | -- |
| Exercise | Restricted Stock Units (RSUs) | 17,659 | $0.00 | -- |
| Exercise | Common Stock | 12,977 | $0.00 | -- |
| Exercise | Common Stock | 17,659 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 239,671 shares (Direct, null);
Restricted Stock Units (RSUs) — 77,866 shares (Direct, null);
Common Stock — 59,007,377 shares (Indirect, By Joby Trust)
Footnotes (1)
- 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. 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. 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. 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
Shares sold for taxes: 15,788 shares at $8.92
RSUs converted (grant 1): 17,659 shares
RSUs converted (grant 2): 12,977 shares
+5 more
8 metrics
Shares sold for taxes
15,788 shares at $8.92
Tax-related sale on July 2, 2026 to cover RSU settlement taxes
RSUs converted (grant 1)
17,659 shares
Common stock received from RSU conversion on July 1, 2026
RSUs converted (grant 2)
12,977 shares
Additional common stock from RSU conversion on July 1, 2026
Direct common shares after transactions
239,671 shares
Direct ownership following July 2026 RSU conversions and tax sale
Joby Trust holdings
59,007,377 shares
Common stock held by The Joby Trust, where CEO is trustee
Descendants Trust holdings
31,678,802 shares
Common stock held by JoeBen Bevirt 2020 Descendants Trust
Spouse-held shares
189,109 shares
Common stock held of record by the CEO’s spouse
Jennifer Barchas Trust holdings
155,737 shares
Common stock held by The Jennifer Barchas Trust
Key Terms
Restricted Stock Units ("RSUs"), beneficial owner, pecuniary interest, vest, +1 more
5 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.
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 financial
"RSUs that vest in 16 equal installments on the quarterly anniversary of January 1, 2024"
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.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What did Joby Aviation (JOBY) CEO JoeBen Bevirt report in this Form 4?
JoeBen Bevirt reported RSU vesting that converted into common stock and a related sale of 15,788 shares at $8.92 per share to cover taxes due on the RSU settlement, along with updated direct and indirect share holdings.