Sciarra Trust to sell 416,666 JOBY shares via Morgan Stanley (JOBY)
Filing Impact
Filing Sentiment
Form Type
144
Rhea-AI Filing Summary
Sciarra Management Trust reported a proposed sale of 416,666 shares of Common Stock on 05/28/2026. The notice lists Morgan Stanley Smith Barney LLC as the broker and indicates the transaction was effected under a 10b5-1 sales arrangement. The filing shows a gross amount of $5,008,917.00.
Positive
- None.
Negative
- None.
Insights
Rule 144 notice for an insider-led sale under a 10b5-1 plan.
The filing documents a proposed disposition of 416,666 shares by an entity associated with Paul Sciarra, executed through Morgan Stanley Smith Barney LLC. The sale date is listed as 05/28/2026.
Timing and proceeds are shown in the notice; cash‑flow treatment lists a gross figure of $5,008,917.00. Regulatory compliance signals routine transfer mechanics rather than operational change.
Key Figures
Shares proposed for sale: 416,666 shares
Gross amount shown: $5,008,917.00
Broker: Morgan Stanley Smith Barney LLC
3 metrics
Shares proposed for sale
416,666 shares
Sale date <date>05/28/2026</date>
Gross amount shown
$5,008,917.00
Associated with the 416,666-share sale
Broker
Morgan Stanley Smith Barney LLC
Listed as broker on the Form 144 cover entry
Key Terms
Form 144, 10b5-1, Gross amount
3 terms
Form 144 regulatory
"144: Securities Sold During The Past 3 Months"
Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.
10b5-1 regulatory
"10b5-1 Sales for PAUL SCIARRA TTEESCIARRA MANAGEMENT TRUST"
A 10b5-1 plan is a pre-set schedule that lets company insiders buy or sell shares according to written instructions made when they do not possess material, nonpublic information. Think of it as a timed automatic payment for stock trades: it helps insiders avoid accusations of trading on secret information and gives outside investors a clearer signal about whether sales are routine or potentially informative about the company’s prospects.
Gross amount financial
"416666 | 5008917.00"
FAQ
What does the JOBY Form 144 filed by Sciarra Management Trust disclose?
It discloses a proposed sale of 416,666 shares of Common Stock with an indicated gross amount of $5,008,917.00, executed through Morgan Stanley Smith Barney LLC and dated 05/28/2026 under a 10b5-1 arrangement.
Who is listed as the broker for the planned sale in the JOBY Form 144?
The filing lists Morgan Stanley Smith Barney LLC at 1 New York Plaza as the broker handling the proposed transaction, indicating the trade method and intermediary but not specifying final execution details.
Does the Form 144 state the sale was under a 10b5-1 plan for JOBY?
Yes. The filing references 10b5-1 Sales for the reporting party (Paul Sciarra Trustee / Sciarra Management Trust), indicating the sale was executed pursuant to a prearranged trading plan on 05/28/2026.