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

Rhea-AI Filing Summary

Joby Aviation director Paul Sciarra sold 500,001 shares of JOBY common stock on 09/15/2025 under an approved 10b5-1 trading plan adopted June 27, 2024, at a weighted average price of $14.30 per share (trades ranged $14.04–$14.95). After the sale the reporting person is shown as beneficially owning 56,328,057 shares indirectly through Sciarra Management Trust and additionally holds 139,878 shares and 50,000 shares indirectly via the Sciarra Foundation. The filing was signed by an attorney-in-fact on 09/16/2025.

Positive

• Sale executed under an approved 10b5-1 trading plan, providing procedural transparency
• Reporting person discloses weighted average price range and offers to provide trade-level details on request

Negative

• None.

Insights

Financial Analyst

TL;DR: Insider sale executed under a pre-arranged 10b5-1 plan; sale size is small relative to total indirect holdings.

The director sold 500,001 shares at a weighted average price of $14.30 under a 10b5-1 plan, and reported substantial indirect ownership of 56.3 million shares via trust structures. From a capital-markets perspective, the planned sale provides liquidity without indicating opportunistic timing since it was pre-authorized. The disclosed price range and undertaking to provide trade-level detail on request improve transparency.

Corporate Governance Expert

TL;DR: Transaction followed an established trading plan, but large indirect ownership underscores potential governance concentration.

The filing clarifies that Sciarra retains voting and dispositive power over shares held in management and foundation vehicles, which can concentrate influence despite the disclosed sale. The use of an attorney-in-fact and the 10b5-1 plan are proper procedural safeguards; however, stakeholders may note the combination of substantial indirect holdings and periodic sales when assessing stewardship and related-party dynamics.

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).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Sciarra Paul Cahill

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025

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	09/15/2025		S(1)		500,001	D	$14.3(2)	56,328,057	I	By Sciarra Management Trust(3)
Common Stock								139,878	D
Common Stock								50,000	I	By Sciarra Foundation(4)

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

Explanation of Responses:

1. Sale made pursuant to the Reporting Person's approved 10b5-1 trading plan adopted on June 27, 2024.

2. This transaction was executed in multiple trades at prices ranging from $14.04 to $14.95. 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. The shares of common stock are held of record by Sciarra Management Trust. The Reporting Person has voting and dispositive power of the shares held by Sciarra Management Trust therefore may be deemed to be the beneficial owner of such shares.

4. The shares of common stock are held of record by the Sciarra Foundation. The Reporting Person has voting and dispositive power of the shares held by the Sciarra Foundation therefore may be deemed to be the beneficial owner of such shares.

Remarks:

	/s/ Kate DeHoff, Attorney-in-Fact for Paul Sciarra	09/16/2025
	** 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 did Joby Aviation director Paul Sciarra sell on 09/15/2025?

He sold 500,001 shares of Joby Aviation common stock on 09/15/2025.

At what price were the JOBY shares sold by Paul Sciarra?

The transactions were executed at prices ranging from $14.04 to $14.95, with a reported weighted average of $14.30.

Was the sale by Paul Sciarra part of a trading plan?

Yes. The sale was made pursuant to an approved 10b5-1 trading plan adopted on June 27, 2024.

How many JOBY shares does Paul Sciarra beneficially own after the sale?

The filing reports 56,328,057 shares beneficially owned indirectly via Sciarra Management Trust, plus disclosed holdings of 139,878 and 50,000 shares through related entities.

Who signed the Form 4 filing for Paul Sciarra?

The Form 4 was signed by Kate DeHoff, Attorney-in-Fact for Paul Sciarra on 09/16/2025.