[144] Joby Aviation, Inc. SEC Filing
Rhea-AI Filing Summary
Form 144 Notice of Proposed Sale filed for Joby Aviation (JOBY) indicates a significant insider stock transaction. A trust affiliated with the company plans to sell 333,334 shares of common stock with an aggregate market value of $2,846,672.36. The sale is scheduled for June 23, 2025, through Morgan Stanley Smith Barney LLC on the NYSE.
The securities were originally acquired as Founder's Shares on November 18, 2016. The filing also discloses previous sales by the same entity (SCIARRA MANAGEMENT TRUST) over the past 3 months:
- May 19, 2025: 166,667 shares sold for $1,169,119
- April 21, 2025: 166,667 shares sold for $954,385
- March 24, 2025: 166,667 shares sold for $1,129,769
These transactions appear to be part of a systematic 10b5-1 trading plan. The total shares outstanding for Joby Aviation are reported at 791,798,076.
Positive
- None.
Negative
- Insider selling pattern: Trust associated with founder has sold 500,001 shares worth $3.25M over past 3 months in systematic 10b5-1 sales
- Additional planned sale of 333,334 shares worth $2.85M indicates continued selling pressure from insider