Form 4: Joby Aviation CEO Bevirt Reports Trust Stock Distributions

Joby Aviation CEO JoeBen Bevirt reported the distribution of common stock from various trusts, impacting his indirect beneficial ownership.

Summary

• JoeBen Bevirt, CEO and Chief Architect of Joby Aviation, Inc., and a Director and 10% Owner, reported changes in his beneficial ownership of common stock.
• On December 19, 2025, 83,666 shares of common stock were distributed from the JoeBen Bevirt 2022 GRAT Trust to its beneficiaries, resulting in 0 shares remaining in that trust.
• On December 22, 2025, 6,375 shares of common stock were distributed from The Joby Trust, with 60,423,778 shares remaining in The Joby Trust.
• These transactions were reported with a price of $0, indicating distributions or gifts rather than sales.
• Following these transactions, JoeBen Bevirt's total beneficial ownership includes 249,587 shares held directly.
• Indirect beneficial ownership includes 60,423,778 shares through The Joby Trust, 32,118,802 shares through the JoeBen Bevirt 2020 Descendants Trust, 189,109 shares held by his spouse, and 155,737 shares through The Jennifer Barchas Trust.

Sentiment

Score: 5

Explanation: The filing reports routine trust distributions, which are generally neutral events and do not reflect positively or negatively on the company's operational or financial performance.

Future Outlook

This filing does not contain any forward-looking statements or guidance.

Industry Context

This is a routine insider transaction report (Form 4) detailing changes in beneficial ownership due to trust distributions, which is a common estate planning activity for executives and significant shareholders. It does not provide insights into broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders: Minimal direct impact as these are internal transfers within the reporting person's beneficial ownership structure, not open market sales or purchases that would significantly alter market dynamics or float.

Key Dates

Keywords

Joby Aviation, JOBY, JoeBen Bevirt, Form 4, Insider Transaction, Beneficial Ownership, Trust Distribution, Equity Transfer