[144] Joby Aviation, Inc. SEC Filing

Rhea-AI Filing Summary

Form 144 notice for Joby Aviation, Inc. (JOBY) shows a proposed sale of 7,754 common shares with an aggregate market value of $115,922.30 to be executed on 08/25/2025 through Morgan Stanley Smith Barney LLC on the NYSE. The securities were acquired as restricted stock units on 08/21/2025 and payment/settlement is listed as 08/21/2025. The filing also discloses two recent sales by Gregory Bowles in July 2025: 7,961 shares on 07/03/2025 for $81,866.15 and 3,494 shares on 07/02/2025 for $34,311.08. The filer attests there is no undisclosed material adverse information and references reliance on Rule 10b5-1 language if applicable.

Positive

• Transparency: The filing discloses the exact share count, value, acquisition date, and broker for the proposed sale.
• Planned sales structure: Use of Morgan Stanley Smith Barney LLC and mention of Rule 10b5-1 language indicate orderly, brokered dispositions.

Negative

• Insider selling: Proposed sale of 7,754 shares plus prior July sales (total 11,455 shares) represent insider liquidity that some investors may view negatively.
• Limited context: The filing does not provide the insider's remaining holdings or percentage of outstanding shares, limiting assessment of materiality.

Insights

Securities Analyst

TL;DR: Insider notice signals planned disposition of 7,754 shares via a broker with prior July sales also disclosed.

The Form 144 documents a proposed sale, not an immediate transfer, of 7,754 Joby common shares valued at $115,922.30, to be executed through Morgan Stanley on the NYSE. The shares were RFUs (restricted stock units) acquired and settled on 08/21/2025 per the form. Separately, Gregory Bowles executed 10b5-1 sales in early July totaling 11,455 shares that generated roughly $116k in gross proceeds. From a market-activity perspective, these disclosures increase the transparency of insider liquidity but do not, by themselves, indicate company-level operational changes. Materiality for investors depends on Joby’s overall share count and the insider’s holdings, information not provided here.

Corporate Governance Expert

TL;DR: Filing is routine compliance for insider sales; use of broker and mention of Rule 10b5-1 suggest preplanned transactions.

The document contains required representations including absence of undisclosed material information and references to Rule 10b5-1 trading-plan adoption language. The presence of recent 10b5-1 sales by the same individual and the broker-mediated proposed sale are consistent with standardized liquidity management by insiders. No executive departures, material agreements, or regulatory concerns are disclosed here. The filing is relevant to governance transparency but does not disclose additional corporate actions.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	7754	115922.30	855981489	08/25/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	08/21/2025	Restricted Stock Units	Issuer			7754	08/21/2025	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales for GREGORY BOWLES 333 Encinal Street SANTA CRUZ CA 95060	Common	07/03/2025	7961	81866.15
GREGORY BOWLES 333 Encinal Street SANTA CRUZ CA 95060	Common	07/02/2025	3494	34311.08

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the JOBY Form 144 filed disclose?

The filing discloses a proposed sale of 7,754 common shares valued at $115,922.30 to be sold on 08/25/2025 through Morgan Stanley Smith Barney LLC on the NYSE.

How were the shares being sold acquired according to the Form 144?

The shares were acquired as restricted stock units on 08/21/2025, with the filing listing the date of payment/settlement as 08/21/2025.

Did the filing report any recent sales by insiders?

Yes. The filing lists two July 2025 sales by Gregory Bowles: 7,961 shares on 07/03/2025 for $81,866.15 and 3,494 shares on 07/02/2025 for $34,311.08.

Does the Form 144 indicate any undisclosed material information about Joby (JOBY)?

The signer represents they do not know any material adverse information about the issuer that has not been publicly disclosed; no undisclosed material facts are stated in this filing.

Which broker is handling the proposed sale in the JOBY Form 144?

The proposed sale is to be handled by Morgan Stanley Smith Barney LLC, 1 New York Plaza, New York, NY, on the NYSE.