[144] Joby Aviation, Inc. SEC Filing

Rhea-AI Filing Summary

Form 4 Overview: Director James R. Engebretsen acquired 97 shares of Federal Agricultural Mortgage Corporation ("Farmer Mac", ticker AGM) Class C Non-Voting Common Stock on 06/30/2025 at $194.28 per share, a transaction worth roughly $18.8 thousand.

The shares were issued pursuant to the director’s standing election to receive equity in lieu of part of his quarterly cash retainer. Following the issuance, the director now directly owns 15,975 shares, which include 376 time-vested RSUs scheduled to vest on 03/31/2026 contingent on continued board service. No derivative securities were bought or sold.

Materiality & Implications: The 97-share purchase represents an immaterial fraction of both the director’s total holdings and Farmer Mac’s overall share count, indicating a routine compensation-related issuance rather than a discretionary insider buy. While the move incrementally increases insider ownership and aligns incentives, it is unlikely to have a measurable impact on AGM’s valuation or trading dynamics.

Positive

• Director chose stock over cash, modestly increasing insider alignment with shareholder interests.

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine 97-share director issuance; negligible financial impact.

The director converted part of his quarterly board retainer into equity at market price, adding about $18.8 k worth of AGM stock to his holdings. Post-transaction ownership stands at 15,975 shares, including 376 RSUs. The purchase is compensation-driven, not an opportunistic buy, and represents a de-minimis percentage of both insider ownership and shares outstanding. Accordingly, the filing is neutral for valuation models and unlikely to influence liquidity or sentiment beyond a slight signal of continued director confidence.

Corporate Governance Expert

TL;DR: Stock-for-retainer election aligns incentives; governance-neutral.

Using equity instead of cash retains is a common practice to strengthen alignment between directors and shareholders. The modest 97-share increase marginally boosts insider ownership without diluting investors in any meaningful way. No red flags emerge regarding control, related-party transactions, or derivative structures. From a governance standpoint, the disclosure is routine and carries no material impact on board independence or oversight quality.

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 Stock	Morgan Stanley 2000 Westchester Ave Purchase NY 10577	15440	151664.62	791798076	07/02/2025	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 Stock	07/01/2025	Restricted Stock Units granted under issuer's 2021 Incentive Award Plan	Joby Aviation, Inc.			15440	07/01/2025	Compensation

* 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 St Santa Cruz CA 95060	Common Stock	06/18/2025	4176	36936.72
Didier Papadopoulos 333 Encinal St Santa Cruz CA 95060	Common Stock	06/16/2025	4683	41682.29
Didier Papadopoulos 333 Encinal St Santa Cruz CA 95060	Common Stock	05/08/2025	2899	20293
Didier Papadopoulos 333 Encinal St Santa Cruz CA 95060	Common Stock	04/09/2025	3132	18177.75
Didier Papadopoulos 333 Encinal St Santa Cruz CA 95060	Common Stock	04/08/2025	1388	8037.22
Didier Papadopoulos 333 Encinal St Santa Cruz CA 95060	Common Stock	04/03/2025	7655	43355.62
Didier Papadopoulos 333 Encinal St Santa Cruz CA 95060	Common Stock	04/02/2025	10882	65257.18

144: Remarks and Signature

Remarks

Date of Notice

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)