Bevirt JoeBen 4

What Happened
JoeBen Bevirt, Joby Aviation's CEO, Chief Architect and a director, was granted two restricted stock unit (RSU) awards on March 18, 2026: 353,178 RSUs (Footnote 1) and 706,356 RSUs (Footnote 2), for a total of 1,059,534 RSUs. Each RSU represents a contingent right to receive one share of common stock upon vesting. The grants were reported at $0.00 per share (derivative award), meaning there was no cash purchase price.

Key Details

• Transaction date: 2026-03-18; Form 4 filed 2026-03-20 (filed within the typical two-business-day window).
• Type/code: A = Award/Grant; derivative instrument = RSUs.
• Shares granted: 353,178 (F1) and 706,356 (F2); total = 1,059,534 RSUs. Reported acquisition price: $0.00.
• Shares owned after transaction: not specified in the provided filing details.
• Footnote F1: RSUs vest 5% of the total on each of the first four quarterly anniversaries of Jan 1, 2026, then 10% each quarterly anniversary thereafter, subject to continued service.
• Footnote F2: RSUs vest in multiple tranches upon achievement of specified performance goals, provided goals are met on or before the third anniversary of the grant date, and subject to continued service.

Context
RSU grants are not immediate stock purchases—these are contingent awards that convert into shares only if vesting conditions (service and/or performance) are met. Such awards are common for executive compensation and do not by themselves indicate an immediate buy or sell signal.