Form 4: Joby Aviation CEO JoeBen Bevirt Reports Share Transfers
SEC Form 4 Filing
Joby Aviation CEO JoeBen Bevirt reported the transfer of shares to various trusts, with no monetary value exchanged.
Summary
- Joby Aviation CEO JoeBen Bevirt reported the transfer of 298,481 shares of common stock to the JoeBen Bevirt 2020 Descendants Trust and 298,481 shares to the Joby Trust.
- These transfers were made on November 26, 2024, with a reported price of $0 per share.
- Following these transactions, Bevirt's total beneficial ownership includes 32,375,793 shares held by the Descendants Trust, 61,039,336 shares held by the Joby Trust, 729,400 shares held directly, 155,737 shares held by the Jennifer Barchas Trust, 189,109 shares held by his spouse, and 83,666 shares held by the JoeBen Bevirt 2022 GRAT Trust.
- The report also clarifies the nature of beneficial ownership, indicating that Bevirt is the trustee of the Descendants Trust and the Joby Trust, and his spouse has voting and dispositive power over the shares held by the Jennifer Barchas Trust.
Sentiment
Score: 5
Explanation: The document is a neutral report of share transfers, with no indication of positive or negative sentiment. It is a routine filing.
Industry Context
This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the ownership structure of Joby Aviation.
Comparison to Industry Standards
- SEC Form 4 filings are standard practice for publicly traded companies in the United States, ensuring transparency of insider transactions.
- Similar filings are made by executives and major shareholders of companies like Archer Aviation (ACHR) and Lilium (LILM), which are also in the electric vertical takeoff and landing (eVTOL) industry.
Stakeholder Impact
- The share transfers do not have an immediate impact on shareholders, employees, customers, suppliers, or creditors.
- The filing provides transparency to shareholders regarding the ownership structure of the company.
Key Dates
| Date | Description |
|---|---|
| 11/26/2024 | Date of the share transfers to the JoeBen Bevirt 2020 Descendants Trust and the Joby Trust. |
| 11/27/2024 | Date the SEC Form 4 was signed by Sarah Slayen, Attorney-in-Fact for JoeBen Bevirt. |
Keywords
Joby Aviation, JoeBen Bevirt, share transfer, beneficial ownership, trust, SEC Form 4, insider trading
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