Form 4: Joby Aviation CEO JoeBen Bevirt Reports Stock Transactions

JoeBen Bevirt, CEO of Joby Aviation, reports the acquisition and disposal of common stock and restricted stock units.

Summary

• JoeBen Bevirt, CEO and Chief Architect of Joby Aviation, filed a Form 4 detailing changes in beneficial ownership.
• On February 10, 2025, Bevirt acquired 4,564 shares of common stock and disposed of 1,706 shares on February 11, 2025, at a price of $7.50.
• The transactions involved the release and settlement of Restricted Stock Units (RSUs) and sales to cover taxes.
• Following the reported transactions, Bevirt directly owns 774,060 shares of common stock.
• Bevirt also has indirect ownership through various trusts, including The Jennifer Barchas Trust (155,737 shares), The Joby Trust (60,828,414 shares), JoeBen Bevirt 2020 Descendants Trust (32,325,793 shares), and JoeBen Bevirt 2022 GRAT Trust (83,666 shares).
• His spouse also holds 189,109 shares.
• Bevirt also owns 9,128 Restricted Stock Units (RSUs).

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment about the company's performance or future prospects.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common for publicly traded companies. It provides transparency into the trading activities of key personnel.

Stakeholder Impact

• The stock sale by the CEO could be perceived negatively by some shareholders, although it is primarily to cover tax obligations related to RSU vesting.

Key Dates

Keywords

Form 4, Joby Aviation, JoeBen Bevirt, Beneficial Ownership, Stock Transactions, RSUs