Form 4: Joby Aviation CEO JoeBen Bevirt Reports Stock Transactions
SEC Form 4 Filing
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 his beneficial ownership of the company's securities.
- On October 1, 2024, Bevirt acquired 49,801 shares of common stock and disposed of 26,848 shares at $5.79 on October 2, 2024.
- He also acquired 12,977 shares of common stock on October 1, 2024.
- These transactions involved the release and settlement of Restricted Stock Units (RSUs) to cover taxes.
- Following these transactions, Bevirt directly owns 756,248 shares of common stock.
- He also has indirect ownership through various trusts, including the Joby Trust (60,940,855 shares), the JoeBen Bevirt 2020 Descendants Trust (32,724,274 shares), and others.
- Bevirt also holds 249,004 RSUs from one award and 168,709 RSUs from another award.
Sentiment
Score: 5
Explanation: The document is a routine filing of stock transactions by a company insider, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report their transactions in company stock, providing transparency to investors.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall impact is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 12/26/2020 | Date of the JoeBen Bevirt 2020 Descendants Trust |
| 01/01/2022 | Initial vesting date for one of the RSU awards |
| 01/01/2024 | Initial vesting date for one of the RSU awards |
| 10/01/2024 | Date of common stock acquisition via RSU release |
| 10/02/2024 | Date of common stock disposal |
| 10/03/2024 | Date of signature for the Form 4 filing |
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