[144] Joby Aviation, Inc. SEC Filing

Rhea-AI Filing Summary

Joby Aviation, Inc. filed a Form 144 notifying the proposed sale of 52,907 common shares through Morgan Stanley Smith Barney LLC, with an aggregate market value of $877,198.06 and an approximate sale date of 09/22/2025 on the NYSE. The securities were acquired as restricted stock units on 08/18/2022. The filer reported multiple recent sales in the past three months: 20,823 shares (10b5-1) on 07/15/2025 for $284,633.75, 8,262 shares on 07/14/2025 for $98,912.66, and 13,790 shares on 07/02/2025 for $135,417.80. The filing includes the standard representation that the seller is not aware of undisclosed material adverse information.

Positive

• Full Rule 144 disclosure provided including broker, acquisition details, and aggregate market value
• Recent 10b5-1 sales documented, indicating use of prearranged trading plans and procedural compliance

Negative

• Insider selling activity is reported (proposed sale of 52,907 shares and multiple July 2025 dispositions), which may be viewed negatively by some investors

Insights

Securities Analyst

TL;DR: Proposed sale is modest relative to total outstanding shares; recent 10b5-1 activity shows orderly insider disposals.

The notice covers a proposed disposal of 52,907 shares valued at $877k against 855,981,489 shares outstanding, representing a de minimis fraction of the float. The securities were RSUs granted on 08/18/2022, indicating this is a post-vesting disposition rather than a market-financing event. Multiple 10b5-1 sales earlier in July 2025 suggest the holder has been executing prearranged plans to liquidate portions of holdings. For investors, the magnitude of these sales is unlikely to move market consensus but should be tracked as part of insider trading patterns.

Corporate Governance Expert

TL;DR: Filing demonstrates procedural compliance with Rule 144 and disclosure of past 10b5-1 sales.

The Form 144 lists the broker, acquisition method (Restricted Stock Units), acquisition date, and recent dispositions, which aligns with required Rule 144 disclosures. The signature attestation about absence of undisclosed material adverse information is present but no plan-adoption date is provided on the form text. Governance teams will note that continued scheduled insider sales via 10b5-1 reduce concentration risk for the insider but require monitoring for any clustered disposals that could raise market perception issues.

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	52907	877198.06	855981489	09/22/2025	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	08/18/2022	Restricted Stock Units	Issuer			52907	08/18/2022	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 KATE DEHOFF 333 Encinal Street SANTA CRUZ CA 95060	Common	07/15/2025	20823	284633.75
KATE DEHOFF 333 Encinal Street SANTA CRUZ CA 95060	Common	07/14/2025	8262	98912.66
KATE DEHOFF 333 Encinal Street SANTA CRUZ CA 95060	Common	07/02/2025	13790	135417.80

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 Joby Aviation's (JOBY) Form 144 report?

The form reports a proposed sale of 52,907 common shares via Morgan Stanley Smith Barney LLC with an aggregate market value of $877,198.06, targeted for 09/22/2025 on the NYSE.

How were the securities to be sold acquired?

The shares were acquired as Restricted Stock Units on 08/18/2022.

Has the filer sold any Joby shares recently?

Yes. The filer reported sales in the past three months: 20,823 shares on 07/15/2025 for $284,633.75, 8,262 shares on 07/14/2025 for $98,912.66, and 13,790 shares on 07/02/2025 for $135,417.80.

Which broker is handling the proposed sale?

The broker listed is Morgan Stanley Smith Barney LLC, Executive Financial Services, located at 1 New York Plaza, 8th Floor, New York, NY.

What representation does the filer make about material information?

By signing the notice, the person represents they do not know of any material adverse information regarding the issuer that has not been publicly disclosed.