Form 4: Joby Aviation CEO Restructures Trust Holdings

Joby Aviation CEO JoeBen Bevirt reported a non-cash transfer of 156,991 common shares between two of his family trusts.

Summary

• JoeBen Bevirt, CEO and Chief Architect of Joby Aviation, Inc., and a Director and 10% Owner, filed a Form 4.
• The filing reports a transaction on December 11, 2025, involving 156,991 shares of common stock.
• 156,991 shares were disposed of from the JoeBen Bevirt 2020 Descendants Trust via a gift (transaction code 'G') at a price of $0.
• Concurrently, 156,991 shares were acquired by The Joby Trust via a gift (transaction code 'G') at a price of $0.
• This indicates a transfer of shares between trusts controlled by Mr. Bevirt, rather than a sale or purchase on the open market.
• Following these transactions, Mr. Bevirt's indirect beneficial ownership includes 32,118,802 shares through the Descendants Trust and 60,430,153 shares through The Joby Trust.
• Additional indirect holdings include 155,737 shares via The Jennifer Barchas Trust, 189,109 shares via his spouse, and 83,666 shares via the JoeBen Bevirt 2022 GRAT Trust.
• Mr. Bevirt also directly owns 249,587 shares of common stock.

Sentiment

Score: 5

Explanation: Neutral, as this is a routine insider transaction filing reporting a non-market transfer of shares between trusts, with no direct impact on company operations or financial performance.

Positives

• The transaction represents a restructuring of beneficial ownership within family trusts, not a sale of shares into the market, indicating no immediate intent to liquidate holdings by the CEO.

Negatives

• No direct negatives are apparent from this routine insider reporting of a non-market transaction.

Risks

• This filing does not introduce new risks; it is a disclosure of a change in beneficial ownership structure.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This Form 4 filing is a routine disclosure of an insider's change in beneficial ownership structure and does not provide insights into broader industry trends or competitive landscape for Joby Aviation.

Related Party Transactions

• The reported transactions involve transfers of common stock between trusts where JoeBen Bevirt, the CEO, Director, and 10% Owner, serves as trustee or has voting and dispositive power, making them related-party dealings.

Stakeholder Impact

• Shareholders: Minimal direct impact as the transaction is a non-cash transfer between trusts and does not affect the total outstanding shares or the CEO's overall economic interest in the company, only the structure of his indirect holdings.
• Employees, Customers, Suppliers, Creditors: No direct impact from this beneficial ownership restructuring.

Key Dates

Keywords

Joby Aviation, JOBY, JoeBen Bevirt, Form 4, Insider Transaction, Beneficial Ownership, Trust Transfer, Common Stock, CEO, Director