[144] Joby Aviation, Inc. SEC Filing

Rhea-AI Filing Summary

Joby Aviation, Inc. (JOBY) – Form 144 filing: Insider Didier Papadopoulos has filed a notice to sell up to 4,176 common shares through broker Morgan Stanley Smith Barney LLC on or after 18 June 2025. The transaction is valued at roughly $36,122.40, implying a reference price of about $8.65 per share. Compared with the company’s reported 791,798,076 shares outstanding, the proposed sale represents a de-minimis 0.0005 % of total shares.

The filing discloses additional insider activity over the past three months: six sales totalling 30,639 shares for aggregate proceeds of approximately $189,500 between 2 April 2025 and 16 June 2025. Several transactions were executed under pre-arranged Rule 10b5-1 trading plans, indicating an automated, compliance-oriented approach rather than opportunistic selling.

Rule 144 requires the filer to state that no material non-public adverse information is known. The notice contains that representation and reminds signatories of potential federal penalties for misstatements. No other financial metrics, earnings data, or corporate developments are included in the filing.

Investor take-away: The incremental sale size is immaterial to JOBY’s float and appears part of an ongoing, structured disposition plan by a single insider. While continued insider selling can be interpreted cautiously, the limited scale and 10b5-1 framework reduce immediate fundamental impact.

Positive

• Sale size is immaterial at 0.0005 % of shares outstanding, posing no dilution or balance-sheet impact.
• Use of Rule 10b5-1 plans demonstrates compliance and reduces perception of opportunistic trading.

Negative

• Continued insider selling (30,639 shares over three months plus the new 4,176-share notice) may create mild negative sentiment.
• No offsetting insider purchases disclosed, offering limited bullish signal.

Insights

Financial Analyst

TL;DR: Very small insider sale; negligible dilution; sentiment mildly negative but not financially material.

The proposed 4,176-share disposal equates to just 0.0005 % of JOBY’s shares outstanding, so balance-sheet or per-share metrics are unaffected. Insider Didier Papadopoulos has sold roughly 30.6 k shares in the prior quarter, suggesting a pattern of gradual liquidity events. Execution via Morgan Stanley and reference to 10b5-1 plans indicate regulatory compliance, which lessens governance risk. However, serial insider selling—however small—can weigh on sentiment in a pre-revenue eVTOL company that relies on investor confidence. On balance, I view the filing as neutral from a valuation perspective and only slightly negative from a behavioural standpoint.

Corporate Governance Specialist

TL;DR: Rule 10b5-1 framework limits governance concern; disclosure transparent; impact neutral.

Form 144 serves to notify markets of intended insider sales. Papadopoulos affirms no knowledge of undisclosed adverse information and cites a 10b5-1 plan date, satisfying best-practice governance protocols. The modest sale size and timely disclosure support transparency. Unless accompanied by broader insider exodus or adverse news, this event should not trigger governance red flags. Investor monitoring of cumulative insider activity remains prudent, but today’s notice is procedurally routine.

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	4176	36122.40	791798076	06/18/2025	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	06/14/2025	Restricted Stock Units	Issuer			4176	06/14/2025	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	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
10b5-1 Sales Plan for DIDIER PAPADOPOULOS 333 Encinal Street SANTA CRUZ CA 95060	Common	04/03/2025	7655	43355.62
DIDIER PAPADOPOULOS 333 Encinal Street SANTA CRUZ CA 95060	Common	04/02/2025	10882	65257.18

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 Joby Aviation (JOBY) shares does the insider plan to sell?

The Form 144 covers 4,176 common shares.

What is the estimated value of the proposed sale?

The aggregate market value is $36,122.40.

When is the earliest sale date indicated in the filing?

The filer lists an approximate sale date of 18 June 2025.

Who is selling the JOBY shares?

Didier Papadopoulos is the insider named in the filing.

How many shares has the insider already sold in the past three months?

The filing lists 30,639 shares sold between 2 April 2025 and 16 June 2025.

What percentage of outstanding shares does the new sale represent?

Approximately 0.0005 % of the 791,798,076 shares outstanding.