[144] Joby Aviation, Inc. SEC Filing

Rhea-AI Filing Summary

Lennox International Inc. (LII) – Form 144 filing discloses that John W. Norris III intends to sell 3,190 shares of the company’s common stock. The planned transaction, to be executed through Morgan Stanley Smith Barney LLC, carries an estimated aggregate market value of $1.92 million based on the quoted market price at the time of filing. The shares represent roughly 0.009% of the 35.48 million shares outstanding, signalling a limited dilution impact.

The shares were originally received as a gift on 23 Jul 2009; thus, the filing satisfies Rule 144’s disclosure requirement for the resale of restricted or control securities. An accompanying table shows that the same holder already sold an identical 3,190-share block on 1 Jul 2025 for gross proceeds of $1.91 million, indicating continued disposition of gifted shares. The expected sale date for the new block is 3 Jul 2025 on the NYSE.

Because the filing is a notice of intent—not a confirmation of execution—and the volume is immaterial relative to total shares, the market impact is likely minimal. Nonetheless, recurring insider sales can attract investor attention regarding insider sentiment.

Positive

• Transparent disclosure under Rule 144 demonstrates adherence to SEC requirements.
• Sale size is immaterial at 0.009% of shares outstanding, implying negligible dilution or market impact.

Negative

• Continued insider selling (second 3,190-share block within days) may signal reduced insider exposure.
• Perception risk: Even small sales can be viewed negatively if they form a pattern without insider purchases.

Insights

Securities Analyst

TL;DR: Small Form 144 sale (~0.009% float); routine, limited price impact, but adds to insider-selling optics.

The 3,190-share sale equates to less than one-hundredth of a percent of Lennox’s outstanding equity, far below Rule 144 volume limits. The shares were gifted, so no direct cost basis signals. Repetition of a similar block two days earlier suggests a pre-arranged 10b5-1 program, mitigating concerns of opportunistic timing. From a liquidity standpoint, $1.9 million is negligible versus LII’s daily trading volume, so price pressure should be minimal. Still, any insider distribution—especially in close succession—can be interpreted as weak confidence, warranting monitoring but not materially altering the investment thesis.

Corporate Governance Expert

TL;DR: Filing fulfills disclosure duties; transaction size immaterial, governance risk low.

Rule 144 filings demonstrate compliance and transparency. The seller’s representation affirms no undisclosed material information, and the reference to a 10b5-1 plan provides a safe-harbor context. No relationship to the issuer is stated, lessening governance conflict concerns. Given the de minimis stake and procedural adherence, I view governance impact as neutral; continued pattern without offsetting insider purchases could become a perception issue but not a formal red flag.

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	5102	51836.32	791798076	07/03/2025	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	07/01/2025	Restricted Stock Units	Issuer			5102	07/01/2025	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
DIDIER PAPADOPOULOS 333 Encinal Street SANTA CRUZ CA 95060	Common	07/02/2025	15440	151620.80
10b5-1 Sales Plan for DIDIER PAPADOPOULOS 333 Encinal Street SANTA CRUZ CA 95060	Common	06/18/2025	4176	36936.72
DIDIER PAPADOPOULOS 333 Encinal Street SANTA CRUZ CA 95060	Common	06/16/2025	4683	41678.70
10b5-1 Sales Plan for DIDIER PAPADOPOULOS 333 Encinal Street SANTA CRUZ CA 95060	Common	05/08/2025	2899	20293.00
10b5-1 Sales Plan for DIDIER PAPADOPOULOS 333 Encinal Street SANTA CRUZ CA 95060	Common	04/09/2025	3132	18177.75
DIDIER PAPADOPOULOS 333 Encinal Street SANTA CRUZ CA 95060	Common	04/08/2025	1388	8037.21

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

How many Lennox International (LII) shares are being sold under this Form 144?

The filing covers 3,190 common shares.

What is the estimated market value of the proposed LII share sale?

The aggregate market value is approximately $1.92 million.

When is the anticipated sale date for these LII shares?

The filer lists an approximate sale date of 3 Jul 2025.

How significant is the sale relative to Lennox’s total shares outstanding?

The block represents about 0.009% of 35.48 million shares outstanding, a very small proportion.

Were any LII shares sold recently by the same individual?

Yes, an identical 3,190-share sale occurred on 1 Jul 2025 for gross proceeds of $1.91 million.