[Form 4] Joby Aviation, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Gregory Bowles, Chief Policy Officer of Joby Aviation (JOBY), reported option exercise and coordinated sales on 09/22/2025. He exercised 12,900 stock options with a $0.87 exercise price and immediately sold 12,900 shares pursuant to an approved 10b5-1 trading plan adopted May 13, 2025. The sale executed in multiple trades at prices ranging from $15.31 to $16.10, with a weighted-average sale price of $15.75. After these transactions the filing reports 153,280 shares of common stock beneficially owned. The Form 4 was signed by an attorney-in-fact on 09/24/2025.

Positive

• Transactions executed under a 10b5-1 plan, demonstrating use of a preapproved trading arrangement
• Exercise at $0.87 and sale at $15.75 weighted average, indicating significant built-in option gain realization

Negative

• Insider sale of 12,900 shares—while planned, sales can be interpreted unfavorably by some investors depending on context

Insights

Securities Analyst

TL;DR Insider exercised options at a low strike and sold under a preplanned program, indicating routine liquidity rather than ad hoc trading.

These transactions show an option exercise at a $0.87 strike followed by contemporaneous sales executed under a 10b5-1 plan adopted May 13, 2025. The weighted-average sale price was $15.75, with trade prices between $15.31 and $16.10. Such paired exercise-and-sale activity is common for insiders monetizing equity gains while relying on an established trading plan to insulate against timing concerns. Reported beneficial ownership after the trades is 153,280 shares; no new grants or extraordinary dispositions are disclosed.

Corporate Governance Expert

TL;DR Filing reflects compliance with insider-trading controls via a 10b5-1 plan and proper attorney-in-fact execution.

The sale was explicitly made pursuant to an approved 10b5-1 trading plan, and the filer provided the customary offer to supply trade-level details on request, which aligns with disclosure best practices. The Form 4 was signed by an attorney-in-fact, indicating procedural handling of filings. There is no indication of undisclosed related-party transactions or deviations from prescribed trading-plan terms in the document provided.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Bowles Gregory

(Last) (First) (Middle)

C/O JOBY AVIATION, INC.

333 ENCINAL STREET

(Street)

SANTA CRUZ CA 95060

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Joby Aviation, Inc. [ JOBY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Policy Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/22/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/22/2025		M		12,900	A	$0.87	166,180	D
Common Stock	09/22/2025		S(1)		12,900	D	$15.75(2)	153,280	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options	$0.87	09/22/2025		M			12,900	(3)	04/19/2030	Common Stock	12,900	$0	26,515	D

Explanation of Responses:

1. Sale made pursuant to the Reporting Person's approved 10b5-1 trading plan adopted on May 13, 2025.

2. This transaction was executed in multiple trades at prices ranging from $15.31 to $16.10. The price reported above reflects the weighted average sale price. 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.

3. Represents a stock option that vested with respect to 16.66% of the underlying shares on January 13, 2021 and vests as to the remaining 83.34% of the underlying shares in 20 quarterly installments thereafter, subject to the Reporting Person's continued service through the applicable vesting date.

Remarks:

	/s/ Sarah Slayen, Attorney-in-Fact for Gregory Bowles	09/24/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transactions did Gregory Bowles report on the JOBY Form 4?

He exercised 12,900 stock options at an exercise price of $0.87 and sold 12,900 common shares on 09/22/2025.

At what price were the JOBY shares sold by the reporting person?

The sale executed in multiple trades at prices between $15.31 and $16.10, with a weighted-average sale price of $15.75.

Were the sales made under a trading plan for JOBY insider trades?

Yes, the sale was made pursuant to the reporting person's approved 10b5-1 trading plan adopted on May 13, 2025.

How many JOBY shares does Gregory Bowles beneficially own after the transactions?

The Form 4 reports 153,280 shares of common stock beneficially owned following the reported transactions.

Who signed the Form 4 and when was it filed?

The Form 4 was signed by Sarah Slayen, Attorney-in-Fact for Gregory Bowles on 09/24/2025.