Form 4: Joby Aviation CEO JoeBen Bevirt Reports Stock Transactions
SEC Form 4
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 April 7, 2025, Bevirt acquired 4,564 shares of common stock at $0 and disposed of 2,349 shares on April 8, 2025, at $5.79.
- These transactions were related to the settlement of restricted stock units (RSUs) to cover taxes.
- Following these transactions, Bevirt directly owns 832,999 shares of common stock.
- Bevirt also has indirect ownership through various trusts and his spouse, totaling 60,628,414 shares through the Joby Trust, 32,275,793 shares through the JoeBen Bevirt 2020 Descendants Trust, 155,737 shares through the Jennifer Barchas Trust, 189,109 shares through his spouse, and 83,666 shares through the JoeBen Bevirt 2022 GRAT Trust.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, and it doesn't inherently convey positive or negative sentiment. It's a factual report of ownership changes.
Future Outlook
The document does not contain specific forward-looking statements, but it does mention the vesting schedule for RSUs based on the achievement of specified goals under the Joby Aviation, Inc. 2024 Performance Award Program.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies like Joby Aviation. It provides transparency into the transactions of key personnel.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the small number of shares involved compared to the total outstanding shares.
- The transactions reflect the CEO's compensation structure and alignment with company performance goals.
Key Dates
| Date | Description |
|---|---|
| 12/26/2020 | Date of the JoeBen Bevirt 2020 Descendants Trust |
| 01/14/2025 | First vesting date for RSUs |
| 02/10/2025 | Second vesting date for RSUs |
| 03/04/2025 | Third vesting date for RSUs |
| 04/07/2025 | Date of common stock acquisition and RSU release and settlement |
| 04/08/2025 | Date of common stock disposal |
| 04/09/2025 | Date of Form 4 filing |
Keywords
Joby Aviation, JoeBen Bevirt, Form 4, Beneficial Ownership, Stock Transactions, RSUs, Aviation
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.