Form 4: Joby Aviation CEO JoeBen Bevirt Reports Stock Transactions
SEC Form 4 Filing
JoeBen Bevirt, CEO of Joby Aviation, reports the transfer and sale of common stock, including transactions related to trusts and restricted stock units.
Summary
- On March 11, 2024, JoeBen Bevirt, CEO of Joby Aviation, reported several transactions involving Joby Aviation's common stock.
- 15,044 shares were acquired upon the vesting of Restricted Stock Units (RSUs).
- Shares were transferred from the JoeBen Bevirt 2021 GRAT Trust to the Joby Trust.
- 5,497 shares were sold on March 13, 2024, at a price of $5.42 per share to cover taxes due upon the release and settlement of the RSUs.
- Bevirt's total direct holdings after these transactions amount to 613,984 shares.
- Bevirt also has indirect ownership through various trusts, including the Joby Trust (58,707,344 shares), Jennifer Barchas Trust (155,737 shares), JoeBen Bevirt 2020 Descendants Trust (32,824,274 shares), and JoeBen Bevirt 2022 GRAT Trust (2,717,177 shares).
- Additionally, 189,109 shares are held by Bevirt's spouse.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider and provides insight into the executive's holdings and recent activity.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership percentages.
- The sale of shares to cover taxes could slightly affect the stock's trading volume.
Key Dates
| Date | Description |
|---|---|
| 12/26/2020 | Date of the JoeBen Bevirt 2020 Descendants Trust |
| 03/11/2024 | Date of RSU vesting and transfer of shares between trusts |
| 03/13/2024 | Date of stock sale to cover taxes |
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