[144] Joby Aviation, Inc. SEC Filing

Rhea-AI Filing Summary

Joby Aviation submitted a Form 144 notifying of a proposed sale of 500,001 common shares through Morgan Stanley Smith Barney LLC on 09/15/2025 for listing on the NYSE. The filing states these shares were acquired as Founders Shares from the issuer on 11/29/2017 and match the amount reported for sale.

The filing also discloses recent 10b5-1 sales by the Sciarra Management Trust: 500,001 shares on 08/25/2025 for $7,175,881.02, 500,001 shares on 07/14/2025 for $6,187,612.38, and 333,334 shares on 06/23/2025 for $2,798,772.26. Total outstanding common shares are reported as 855,981,489, making the proposed sale a small fraction of outstanding equity.

Positive

• Form 144 filed and details provided including broker, sale date, and exact share counts, supporting regulatory transparency
• Use of 10b5-1 plans for prior sales is disclosed, indicating pre-arranged, rule-compliant insider selling

Negative

• Multiple insider sales in the past three months (totaling 1,333,336 shares) could be perceived negatively by some investors despite being immaterial to total outstanding shares

Insights

Securities Analyst

TL;DR: Small planned sale relative to outstanding shares; recent 10b5-1 transactions show ongoing insider monetization.

The Form 144 notifies a proposed disposition of 500,001 shares via a broker on 09/15/2025. Given the issuer's stated outstanding share count of 855,981,489, the proposed sale represents approximately 0.058% of outstanding common shares, which is immaterial to supply and market capitalization. The filing also documents three recent 10b5-1 plan sales totaling 1,333,336 shares and roughly $16.16 million in gross proceeds over three months, indicating a pattern of scheduled insider sales rather than ad-hoc dumping. For investors, this is routine compliance disclosure rather than a material corporate event.

Corporate Governance Expert

TL;DR: Disclosure aligns with Rule 144 and 10b5-1 reporting; no governance red flags are explicitly stated.

The filer identifies acquisition of the shares as "Founders Shares" dated 11/29/2017 and confirms prior 10b5-1 sales by Sciarra Management Trust in June, July, and August 2025. The Form 144 includes the required representation about lack of undisclosed material adverse information. The document does not disclose controlling relationships, insider role, or any exceptions; those omissions are typical for this form and not actionable without additional filing context. Overall, the filing fulfills statutory disclosure obligations for proposed insider sales.

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	500001	7000014.00	855981489	09/15/2025	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	11/29/2017	Founders Shares	Issuer			500001	11/29/2017	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 SCIARRA MANAGEMENT TRUST U/A DTD12/21/2012 333 Encinal Street SANTA CRUZ CA 95060	Common	08/25/2025	500001	7175881.02
10b5-1 Sales for SCIARRA MANAGEMENT TRUST U/A DTD12/21/2012 333 Encinal Street SANTA CRUZ CA 95060	Common	07/14/2025	500001	6187612.38
10b5-1 Sales for SCIARRA MANAGEMENT TRUST U/A DTD12/21/2012 333 Encinal Street SANTA CRUZ CA 95060	Common	06/23/2025	333334	2798772.26

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 (JOBY) report in this Form 144?

The filing notifies a proposed sale of 500,001 common shares via Morgan Stanley on 09/15/2025 and shows recent 10b5-1 sales in June, July, and August 2025.

Who is the seller in the prior 10b5-1 sales listed in the filing?

The prior sales were executed for Sciarra Management Trust U/A DTD12/21/2012, which sold 333,334; 500,001; and 500,001 shares on 06/23/2025, 07/14/2025, and 08/25/2025 respectively.

How much did the recent 10b5-1 sales gross?

The filing reports gross proceeds of $2,798,772.26 (06/23/2025), $6,187,612.38 (07/14/2025), and $7,175,881.02 (08/25/2025).

When were the shares to be sold originally acquired?

The 500,001 shares listed for sale were acquired as Founders Shares from the issuer on 11/29/2017.

How large is the proposed sale relative to Joby's outstanding shares?

The filing lists 855,981,489 shares outstanding; the proposed 500,001-share sale is about 0.058% of outstanding common stock.