Form 4 for JOBY Joby Aviation, Inc.
Accepted 2021-08-12 00:00:00 ET · period of report 2021-08-10 · accession 0000899243-21-032875 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2021-08-12 | 2021-08-10 | JOBY | Reinvent Sponsor LLC | FORMER 10% OWNER | C - Cnv Deriv | — | +17.13M | 17.13M | New | — |
| D | 2021-08-12 | 2021-08-10 | JOBY | Reinvent Sponsor LLC | FORMER 10% OWNER | C - Cnv Deriv | — | -17.13M | 0 | -100% | — |
| D | 2021-08-12 | 2021-08-10 | JOBY | Reinvent Sponsor LLC | FORMER 10% OWNER | J - Other | $1.50 | +11.53M | 11.53M | New | +$17.30M |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2021-08-10 | C | A | 17,130,000 | — | 17,130,000 | D | — | — | (F1) 100% of such shares are subject to vesting in tranches of 20% if the volume weighted average price of the Issuer's common stock, equals or exceeds $12.00, $18.00, $24.00, $32.00 or $50.00, respectively, for any 20 trading days within a 30 trading day period on or prior to the tenth anniversary of the business combination of Reinvent Technology Partners (the former name of the Issuer) ("RTP") and Joby Aero, Inc. (the "Business Combination"). On August 10, 2031, any unvested shares will be automatically forfeited. In the event the Issuer completes a transaction that results in a change of control, all unvested shares will vest immediately prior to the closing of such transaction. (F2) On August 10, 2021, RTP consummated the Business Combination. Pursuant to the Business Combination, RTP domesticated as a Delaware corporation and changed its name to "Joby Aviation, Inc.", and each RTP Class B ordinary share was automatically converted into the right to receive one share of the Issuer's common stock. |
| 2 | Derivative | Class B Ordinary Shares | 2021-08-10 | C | D | 17,130,000 | — | 0 | D | — · — to — | 17,130,000 Common Stock | (F1) 100% of such shares are subject to vesting in tranches of 20% if the volume weighted average price of the Issuer's common stock, equals or exceeds $12.00, $18.00, $24.00, $32.00 or $50.00, respectively, for any 20 trading days within a 30 trading day period on or prior to the tenth anniversary of the business combination of Reinvent Technology Partners (the former name of the Issuer) ("RTP") and Joby Aero, Inc. (the "Business Combination"). On August 10, 2031, any unvested shares will be automatically forfeited. In the event the Issuer completes a transaction that results in a change of control, all unvested shares will vest immediately prior to the closing of such transaction. (F2) On August 10, 2021, RTP consummated the Business Combination. Pursuant to the Business Combination, RTP domesticated as a Delaware corporation and changed its name to "Joby Aviation, Inc.", and each RTP Class B ordinary share was automatically converted into the right to receive one share of the Issuer's common stock. |
| 3 | Derivative | Private Placement Warrants | 2021-08-10 | J | A | 11,533,333 | $1.50 | 11,533,333 | D | $11.50 · — to — | 11,533,333 Common Stock | (F3) Represents Private Placement Warrants acquired from the Issuer in connection with the Issuer's initial public offering. Each warrant is exercisable for one share of common stock at an exercise price of $11.50 per share, subject to certain adjustments. The warrants may be exercised commencing on the later of 12 months from the closing of the Issuer's initial public offering and 30 days after the completion of the Issuer's initial business combination and expire five years after consummation of the Business Combination or earlier upon redemption or liquidation. |