[144] Joby Aviation, Inc. SEC Filing

Rhea-AI Filing Summary

Form 144 notice for JOBY (Joby Aviation, Inc.) indicates a proposed sale of 500,001 common shares through Morgan Stanley Smith Barney LLC with an aggregate market value of $7,475,014.95 and an approximate sale date of 08/25/2025 on the NYSE. The filing shows these shares were originally acquired as Founders Shares on 11/18/2016. The filing also discloses recent Rule 10b5-1 sales by the Sciarra Management Trust: 500,001 shares sold on 07/14/2025 for $6,187,612.38 and 333,334 shares sold on 06/23/2025 for $2,798,772.26. The filing reports 855,981,489 shares outstanding. No issuer address or SEC file number is provided in the text.

Positive

• Planned sale is fully disclosed with broker, share count, aggregate market value, and planned sale date, supporting transparency.

Negative

• Insider-origin shares are being sold (founders shares acquired 11/18/2016), which may be viewed negatively by some investors despite no other disclosed adverse information.
• Recent 10b5-1 sales totaling 833,335 shares occurred in June–July 2025, suggesting ongoing insider liquidity activity.

Insights

Financial Analyst

TL;DR: Insider founder-origin shares planned for sale with recent 10b5-1 executions; disclosed proceeds and outstanding share count provided.

The filing documents a proposed sale of 500,001 common shares tied to founder-origin shares acquired in 2016, routed through Morgan Stanley Smith Barney. Recent executed 10b5-1 sales totaling 833,335 shares produced combined gross proceeds of $9,086,384.64 as reported, demonstrating active liquidity events by the selling trust. The filing supplies key quantities: number of shares offered, aggregate market value, and total shares outstanding, enabling simple proportional analysis. Materiality is limited given the company’s large reported share base.

Corporate Governance Expert

TL;DR: The notice shows compliance with Rule 144 and disclosure of prior 10b5-1 sales; no governance issues or undisclosed adverse facts are asserted.

The signer affirms absence of undisclosed material adverse information and references Rule 10b5-1 trading instructions where applicable. The record links the securities to founder shares acquired from the issuer in 2016 and documents recent plan-based sales by Sciarra Management Trust. From a governance perspective, the filing meets disclosure expectations for planned insider sales but does not include issuer commentary or other corporate actions. Impact on governance is neutral based on the information provided.

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	7475014.95	855981489	08/25/2025	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	11/18/2016	Founders Shares	Issuer			500001	11/18/2016	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	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 shares does the JOBY Form 144 propose to sell?

The notice proposes sale of 500,001 common shares originally acquired as founders shares on 11/18/2016.

When is the proposed sale scheduled and through which broker?

The approximate sale date is 08/25/2025 and the broker listed is Morgan Stanley Smith Barney LLC.

What were the proceeds from recent 10b5-1 sales disclosed in the filing?

The filing reports gross proceeds of $6,187,612.38 for 500,001 shares sold on 07/14/2025 and $2,798,772.26 for 333,334 shares sold on 06/23/2025.

How many shares outstanding does the filing report?

The filing lists 855,981,489 shares outstanding.

Who is the seller for the past 10b5-1 transactions noted?

The seller listed for the prior sales is SCIARRA MANAGEMENT TRUST U/A DTD12/21/2012 at the address shown in the filing.