Form 4: Joby Aviation CEO Sells Shares Under 10b5-1 Plan

Joby Aviation's CEO and Chief Architect, JoeBen Bevirt, reported sales of common stock totaling 508,772 shares and acquisition of 4,371 shares from RSU vesting in early February 2026.

Summary

• JoeBen Bevirt, CEO and Chief Architect, Director, and 10% Owner of Joby Aviation, Inc. (JOBY), reported multiple transactions involving the company's common stock.
• On February 9, 2026, Bevirt sold a total of 507,182 shares of common stock (121,000 shares and 386,182 shares) at a weighted average price of $10.62 per share. These sales were executed pursuant to a Rule 10b5-1 trading plan adopted on October 10, 2025.
• Also on February 9, 2026, Bevirt acquired 4,371 shares of common stock through the vesting of Restricted Stock Units (RSUs).
• On February 10, 2026, an additional 1,590 shares of common stock were sold at a weighted average price of $10.55 per share to cover taxes due upon the release and settlement of RSUs.
• Following these transactions, Bevirt's beneficial ownership includes 294,336 shares held directly, 31,997,802 shares held indirectly by the JoeBen Bevirt 2020 Descendants Trust, 60,037,596 shares held indirectly by The Joby Trust, 155,737 shares held indirectly by The Jennifer Barchas Trust, and 189,109 shares held indirectly by his spouse.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this filing as neutral to slightly negative. While significant insider sales occurred, the presence of a 10b5-1 plan and tax-related sales mitigates the immediate negative signal, suggesting personal financial management rather than a direct reflection of company performance concerns.

Positives

• The vesting of 4,371 Restricted Stock Units (RSUs) indicates the achievement of specified goals and JoeBen Bevirt's continued service to the company.

Negatives

• JoeBen Bevirt, a key insider, sold a significant aggregate of 508,772 shares of common stock over two days. While some sales were pre-planned under a 10b5-1 plan and others for tax purposes, large insider sales can sometimes be interpreted by the market as a lack of confidence or a desire to diversify holdings.

Risks

• No specific risks related to the company's operations or financial health are disclosed in this Form 4 filing, which primarily reports insider transactions.

Future Outlook

Between 0% and 125% of the Restricted Stock Unit (RSU) award will vest in equal installments on January 12, 2026, February 9, 2026, and March 9, 2026, contingent on the achievement of specified goals and JoeBen Bevirt's continued service through the applicable vesting dates.

Management Comments

• Sales were made pursuant to the Reporting Person's approved 10b5-1 trading plan adopted on October 10, 2025.
• Sales represent the aggregate number of shares sold by the Reporting Person to cover taxes due upon the release and settlement of the RSUs, as required by the terms of the RSU award.
• The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

Industry Context

StockSavvy.ai notes that insider transactions, particularly sales, are closely watched by investors for signals about management's confidence. However, sales executed under a pre-arranged 10b5-1 plan, as well as those for tax coverage, are generally viewed with less immediate concern than unplanned, discretionary sales, as they often reflect personal financial planning rather than a change in outlook for the company.

Stakeholder Impact

• Shareholders may interpret the significant insider sales as a signal regarding the company's future prospects or management's confidence, potentially influencing market sentiment.
• The vesting of RSUs demonstrates continued alignment of management incentives with company performance goals.

Next Steps

• The final installment of the RSU award is scheduled to vest on March 9, 2026, contingent on goal achievement and continued service.

Key Dates

Keywords

Joby Aviation, JOBY, JoeBen Bevirt, insider trading, stock sale, Form 4, 10b5-1 plan, RSU, beneficial ownership