Joby Aviation (JOBY) CEO logs RSU exercise and small tax-driven share sale
Rhea-AI Filing Summary
Joby Aviation CEO JoeBen Bevirt reported routine equity compensation activity and a small related stock sale. On March 9, 2026, he exercised restricted stock units to acquire 6,280 shares of common stock at $0.00 per share, increasing his direct holdings. On March 10, 2026, he sold 3,238 shares of common stock at $10.25 per share, which a footnote explains was done to cover taxes due upon RSU settlement.
After these transactions, Bevirt directly holds 249,048 common shares. He also has substantial indirect beneficial ownership through related entities and family: 59,651,414 shares held by The Joby Trust, 31,876,802 shares held by the JoeBen Bevirt 2020 Descendants Trust, 155,737 shares held by The Jennifer Barchas Trust, and 189,109 shares held by his spouse. Additional RSU awards may vest between January 12, 2026 and April 7, 2026 based on performance goals, with each RSU representing the right to receive one or up to two shares of common stock upon vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,238 | $10.25 | $33K |
| Exercise | Restricted Stock Units (RSUs) | 4,369 | $0.00 | -- |
| Exercise | Restricted Stock Units (RSUs) | 1,911 | $0.00 | -- |
| Exercise | Common Stock | 4,369 | $0.00 | -- |
| Exercise | Common Stock | 1,911 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
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"). Between 0% and 125% of the award will vest in equal installments on each of on January 12, 2026, February 9, 2026, and March 9, 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 one share of Common Stock upon vesting. 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.
