Form 4: Joby Aviation CEO JoeBen Bevirt Reports Stock Transactions
SEC Form 4 Filing
Joby Aviation CEO JoeBen Bevirt reports the acquisition and disposition of common stock and restricted stock units.
Summary
- On March 4, 2025, Joby Aviation CEO JoeBen Bevirt acquired 4,564 shares of common stock through the vesting of restricted stock units (RSUs).
- Also on March 4, 2025, Bevirt disposed of 4,564 shares to cover taxes due upon the release and settlement of the RSUs.
- On March 5, 2025, Bevirt sold 1,655 shares of common stock at a price of $6.59 per share.
- Following these transactions, Bevirt directly owns 795,945 shares of common stock.
- Bevirt also has indirect ownership through various trusts and his spouse, totaling millions of shares.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, which is neutral in sentiment.
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 to investors regarding the actions of key personnel.
Stakeholder Impact
- The stock sale by the CEO could be perceived negatively by some shareholders, but it's also a common practice to cover tax obligations related to RSU vesting.
Key Dates
| Date | Description |
|---|---|
| 12/26/2020 | Date of the JoeBen Bevirt 2020 Descendants Trust |
| 01/14/2025 | First possible vesting date for RSUs |
| 02/10/2025 | Second possible vesting date for RSUs |
| 03/04/2025 | Date of RSU vesting and stock disposal for tax purposes |
| 03/05/2025 | Date of stock sale at $6.59 per share |
| 03/06/2025 | Date of Form 4 filing |
| 04/07/2025 | Last possible vesting date for RSUs |
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