Form 4: Joby Aviation CEO JoeBen Bevirt Executes Stock Sale

CEO JoeBen Bevirt sold 421,019 shares of Joby Aviation common stock via a pre-arranged 10b5-1 trading plan.

Summary

• CEO and Chief Architect JoeBen Bevirt sold a total of 421,019 shares of Joby Aviation (JOBY) common stock on May 15, 2026.
• The sales were executed at a weighted average price of $10.38 per share, with individual trade prices ranging from $10.06 to $10.57.
• The transactions were conducted through two trusts: 322,019 shares from The Joby Trust and 99,000 shares from the JoeBen Bevirt 2020 Descendants Trust.
• The sales were made pursuant to a Rule 10b5-1 trading plan adopted on October 10, 2025.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event; while insider selling can be optically negative, the use of a 10b5-1 plan indicates the sale was scheduled months in advance and is not a reaction to current company performance.

Positives

• The sale was conducted under a pre-established 10b5-1 trading plan, which is a standard mechanism for executives to sell stock without concerns regarding insider trading.

Negatives

• The sale represents a reduction in the CEO's direct and indirect beneficial ownership of the company.

Risks

• Insider selling can sometimes be perceived negatively by retail investors as a signal of management's view on the company's near-term valuation.

Future Outlook

No specific forward-looking guidance regarding company operations was provided in this filing.

Industry Context

StockSavvy.ai notes that insider selling by founders and CEOs in the eVTOL (electric vertical take-off and landing) sector is common as companies reach maturity or specific milestones, and such sales are typically pre-planned to avoid regulatory scrutiny.

Comparison to Industry Standards

• The use of a 10b5-1 plan is the industry standard for executives to manage personal liquidity while maintaining compliance with SEC regulations.

Related Party Transactions

• The reporting person is the trustee of The Joby Trust and the JoeBen Bevirt 2020 Descendants Trust.

Stakeholder Impact

• Shareholders should note the reduction in insider holdings, though the pre-planned nature of the sale mitigates concerns regarding sudden management loss of confidence.

Next Steps

• Continued monitoring of future Form 4 filings for further insider activity.

Key Dates

Keywords

Joby Aviation, JOBY, JoeBen Bevirt, Insider Trading, Form 4, eVTOL, Aviation