JoeBen Bevirt Amends Joby Aviation Stake Filing

TL;DR

Bevirt updated his Joby Aviation (JOBY) filing. No major changes reported, but always watch insider moves.

AI Summary

JoeBen Bevirt filed an amendment (SC 13D/A) to his Schedule 13D on March 11, 2024, regarding his holdings in Joby Aviation, Inc. The filing indicates a change in the reporting person's beneficial ownership. Bevirt is the founder and CEO of Joby Aviation, a company focused on electric vertical take-off and landing (eVTOL) aircraft.

Why It Matters

This filing updates the market on significant changes in beneficial ownership for a key executive at Joby Aviation, potentially signaling shifts in insider confidence or strategy.

Risk Assessment

Risk Level: medium — Changes in filings by a company's founder and CEO can indicate significant internal developments or strategic shifts.

Key Players & Entities

• JoeBen Bevirt (person) — Reporting Person, Founder and CEO of Joby Aviation
• Joby Aviation, Inc. (company) — Issuer of the securities
• Reinvent Technology Partners (company) — Former company name of Joby Aviation
• Reinvent Acquisition Corp. (company) — Former company name of Joby Aviation

FAQ

Key Financial Figures

• $0.0001 — relating to the common stock, par value $0.0001 per share (the "Common Stock"), of Joby
• $6.13 — orting Person sold 20,816 at a price of $6.13 per share to cover taxes due upon the r
• $6.12 — on Stock at a weighted average price of $6.12 per share pursuant to the 2023 Trading
• $5.59 — on Stock at a weighted average price of $5.59 per share to cover taxes due upon the r
• $6.03 — 57 shares of Common Stock at a price of $6.03 per share to cover taxes due upon the r

Filing Documents

• joby-sc13dax2024x03x08.htm (SC 13D/A) — 46KB
• joby-sc13dax2024x03x08xexx2.htm (EX-2) — 155KB
• 0001819848-24-000131.txt ( ) — 202KB

Purpose of Transaction

Item 4. Purpose of Transaction.

of the Schedule 13D is hereby amended and supplemented as follows

Item 4 of the Schedule 13D is hereby amended and supplemented as follows 10b5-1 Trading Plans On August 24, 2022, the Reporting Person entered into a trading plan (the "2022 Trading Plan") pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, pursuant to which, a broker dealer agreed to make periodic sales of up to an aggregate of 10,500,000 shares of Common Stock on behalf of the Reporting Person. A total of 731,162 shares of Common Stock were sold pursuant to the 2022 Trading Plan prior to its expiration on March 31, 2023. On March 17, 2023, the Reporting Person entered into a new trading plan (the "2023 Trading Plan" and, together with the 2022 Trading Plan, the "Trading Plans") pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended. Pursuant to the 2023 Trading Plan, a broker dealer agreed to make periodic sales of up to an aggregate of 14,572,251 shares of Common Stock on behalf of the Reporting Person. The 2023 Trading Plan expires in June 2025. This description of the Trading Plans does not purport to be complete and is qualified in its entirety by the text of the Trading Plans, the form of which is attached as an exhibit to this Schedule 13D and incorporated herein by reference.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer. (a) – (b) Amount beneficially owned 95,277,964 Percent of Class 13.56% Number of shares the Reporting Person has o Sole power to vote or direct the vote 95,277,964 o Shared power to vote 0 o Sole power to dispose or direct the disposition of 95,277,964 o Shared power to dispose or direct the disposition of 0 CUSIP No. G65163100 13D Page 3 of 5 pages The share amount reported herein consists of (i) 595,149 shares of Common Stock held directly by the Reporting Person, (ii) 189,109 shares of Common Stock held directly by the Reporting Person's spouse, (iii) 155,737 shares of Common Stock held in a trust over which the Reporting Person's spouse has voting and dispositive control, (iv) 58,363,787 shares of Common Stock held of record by The Joby Trust, (v) 32,824,274 shares of Common Stock held by the JoeBen Bevirt 2020 Descendants Trust, dated December 26, 2020 (the "Descendants Trust"), (vi) 343,557 shares of Common Stock held by the JoeBen Bevirt 2021 GRAT Trust (the "2021 GRAT Trust"), (vii) 2,717,177 shares of Common Stock held by the JoeBen Bevirt 2022 GRAT Trust (the "2022 GRAT Trust"), and (viii) 79,886 shares of Common Stock underlying restricted stock units held by the Reporting Person that will vest within 60 days of the date hereof. The Reporting Person is the trustee of The Joby Trust and the Descendants Trust and has voting and dispositive power over the shares held in the 2021 GRAT Trust, and the 2022 GRAT Trust and therefore may be deemed to be the beneficial owner of such shares as well as the shares held by the Reporting Person's spouse and the shares held by the trust over which the Reporting Person's spouse has voting and dispositive control. The above percentage is based on 702,857,098 shares of Issuer Common Stock outstanding as of February 21, 2024. (c) During the past 60 days, the Reporting Person has effected the following transactions (i) on January 3, 2024, the Reporting Person sold 20

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

of the Schedule 13D is hereby amended and supplemented as follows

Item 6 of the Schedule 13D is hereby amended and supplemented as follows Item 4 above summarizes certain provisions of the Trading Plans and is incorporated herein by reference. The Form of Trading Plan is attached as an exhibit hereto and incorporated herein by reference. Except as set forth herein, the Reporting Person does not have any contracts, arrangements, understandings or relationships (legal or otherwise) with any person with respect to any securities of the Issuer, including but not limited to any contracts, arrangements, understandings or relationships concerning the transfer or voting of such securities, finder's fees, CUSIP No. G65163100 13D Page 4 of 5 pages joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or losses, or the giving or withholding of proxies.

Materials to be Filed as Exhibits

Item 7. Materials to be Filed as Exhibits Exhibit Number Description 2 Form of Trading Plan CUSIP No. G65163100 13D Page 5 of 5 pages

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date March 11, 2024 By s JoeBen Bevirt Name JoeBen Bevirt

View Full Filing

View this SC 13D/A filing on SEC EDGAR