Filed Pursuant to Rule 424(b)(3)

Registration No. 333-260608




Joby Aviation, Inc.

98,357,200 Shares of Common Stock


This prospectus supplement further supplements and updates the prospectus dated November 10, 2021, relating to the resale of up to 98,357,200 shares of our common stock by the selling securityholders named in the prospectus (including their pledgees, donees, transferees or other successors-in-interest) (the “Prospectus”).

This prospectus supplement incorporates into the Prospectus the information (other than information that is furnished and not deemed filed) contained in our attached:

Current Report on Form 8-K, which was filed with the Securities and Exchange Commission on January 12, 2022

Our common stock and warrants are listed on the New York Stock Exchange (“NYSE”) under the symbols “JOBY” and “JOBY WS,” respectively. On January 10, 2022, the closing sale price of our common stock as reported on the NYSE was $5.94 per share and the closing price of our warrants was $1.30 per warrant.

We are an “emerging growth company” under applicable Securities and Exchange Commission rules and, as such, have elected to comply with certain reduced public company disclosure requirements for our filings with the Securities and Exchange Commission.

Our business and investment in our common stock and warrants involve significant risks. These risks are described in the section titled “Risk Factors” in the Prospectus.

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed upon the accuracy or adequacy of this prospectus supplement or the accompanying prospectus. Any representation to the contrary is a criminal offense.


The date of this prospectus supplement is January 12, 2022.








Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 07, 2022



Joby Aviation, Inc.

(Exact name of Registrant as Specified in Its Charter)






(State or Other Jurisdiction
of Incorporation)

(Commission File Number)

(IRS Employer
Identification No.)







SUITE #225


SANTA CRUZ, California



(Address of Principal Executive Offices)


(Zip Code)


Registrant’s Telephone Number, Including Area Code: 831 426-3733



(Former Name or Former Address, if Changed Since Last Report)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class




Name of each exchange on which registered

Common Stock, par value $0.0001 per share




The New York Stock Exchange

Warrants to purchase common stock




The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.





Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Executive Officer Equity Awards


On January 7, 2022, the Compensation Committee (the “Committee”) of the Board of Directors (the “Board”) of Joby Aviation, Inc. (the “Company”) approved the grant of 265,604 restricted stock units (“RSUs”) under the Company’s 2021 Incentive Award Plan to Matthew Field, the Company’s Chief Financial Officer.


On January 10, 2022, the Board approved the grant of 996,016 RSUs to JoeBen Bevirt, the Company’s Chief Executive Officer.


The RSUs will vest over four years, beginning on January 1, 2022, with an aggregate of 40% of the RSUs vesting quarterly during the first year and an aggregate of 20% of the RSUs vesting quarterly during each subsequent year, subject to the holder’s continued employment with the Company through such vesting date.


Amendment of Performance Equity Award Program Target


As previously disclosed, on December 16, 2021, the Board adopted a performance equity award program for calendar year 2022 (the “Program”). All employees of the Company, including the Company’s named executive officers, are eligible to participate in the Program. Under the Program, upon and subject to the Company’s achievement of certain operational, manufacturing and business goals in 2022, each employee of the Company will be granted one or more awards of RSUs under the Company’s 2021 Incentive Award Plan having a value equal to a percentage of the employee’s annual salary. Any RSUs that are granted under the Program in calendar year 2022 will vest in full on January 1, 2023, subject to the holder’s continued employment with the Company through such date.


On January 7, 2022, the Committee adjusted the target value of the RSU award to be made under the Program to Justin Lang, the Company’s Head of Partnerships and Corporate Strategy, from $200,000 to $400,000. Maximum achievement of all goals under the Program would result in an RSU award that is one-third greater than the target value.





Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.




Joby Aviation, Inc.






January 12, 2022


/s/ Matt Field





Matt Filed
Chief Financial Officer