[Form 4] Joby Aviation, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Didier Papadopoulos, listed as President of Aircraft OEM at Joby Aviation (JOBY), reported RSU vesting and subsequent share sales in early October 2025. On 10/01/2025 three RSU awards vested (for 12,459, 7,598 and 9,960 RSUs) and converted into common stock. To satisfy tax withholding on the RSU releases, the reporting person sold 15,439 shares on 10/02/2025 at an average price of $16.78. A separate sale under a previously adopted 10b5-1 plan occurred on 10/03/2025 for 5,102 shares at a weighted average of $18.08. After these transactions, the filing shows total beneficial ownership of 98,104 shares.

Positive

• RSU vesting indicates ongoing compensation alignment: 12,459, 7,598, and 9,960 RSUs vested on 10/01/2025
• A 10b5-1 trading plan was used for the 10/03/2025 sale, providing an affirmative defense for that transaction

Negative

• Insider sold a total of 20,541 shares on 10/02-10/03/2025, reducing beneficial ownership to 98,104 shares
• Sale to cover taxes (15,439 shares) immediately monetized part of vested compensation

Insights

Corporate Governance/Insider Trading Analyst

Insider sales reflect routine tax withholding and a pre-approved trading plan, not an unexplained divestiture.

The sale of 15,439 shares on 10/02/2025 is disclosed as withheld to cover taxes on RSU vesting; that is a common administrative step when equity awards settle. The separate 5,102-share sale on 10/03/2025 is explicitly executed under a 10b5-1 trading plan adopted on 3/20/2025, which provides affirmative defense against accusations of trading on material nonpublic information.

Both transactions reduced beneficial holdings to 98,104 shares per the Form 4. This filing documents compensation-related vesting and pre-planned selling activity rather than an unscheduled market exit.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Papadopoulos Didier

(Last) (First) (Middle)

C/O JOBY AVIATION, INC.

333 ENCINAL STREET

(Street)

SANTA CRUZ CA 95060

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Joby Aviation, Inc. [ JOBY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President of Aircraft OEM

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	10/01/2025		M		12,459	A	$0	101,087	D
Common Stock	10/01/2025		M		7,598	A	$0	108,685	D
Common Stock	10/01/2025		M		9,960	A	$0	118,645	D
Common Stock	10/02/2025		S(1)		15,439	D	$16.78	103,206	D
Common Stock	10/03/2025		S(2)		5,102	D	$18.08(3)	98,104	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units (RSUs)	$0	10/01/2025		M			12,459	(4)	(4)	Common Stock	12,459	$0	112,126	D
Restricted Stock Units (RSUs)	$0	10/01/2025		M			7,598	(5)	(5)	Common Stock	7,598	$0	53,192	D
Restricted Stock Units (RSUs)	$0	10/01/2025		M			9,960	(6)	(6)	Common Stock	9,960	$0	9,961	D

Explanation of Responses:

1. Represents the aggregate number of shares sold by the Reporting Person to cover taxes due upon the release and settlement of the RSUs, as required by the terms of the RSU award.

2. Sale made pursuant to the Reporting Person's approved 10b5-1 trading plan adopted on March 20, 2025.

3. This transaction was executed in multiple trades at prices ranging from $17.62 to $18.52. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

4. Represents an award of restricted stock units ("RSUs") that vest in 16 equal installments on the quarterly anniversary of January 1, 2024, subject to the Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.

5. Represents an award of restricted stock units ("RSUs") that vests in equal installments over four years, on the quarterly anniversary of July 1, 2023, subject to the Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.

6. Represents an award of restricted stock units ("RSUs") that vests with respect to 10% of the total number of RSUs on each of the first four quarterly anniversaries of January 1, 2022 and as to 5% of the total number of RSUs on each quarterly anniversary thereafter, subject to the Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.

Remarks:

	/s/ Sarah Slayen, Attorney-in-Fact for Didier Papadopoulos	10/03/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transactions did Joby insider Didier Papadopoulos report on Form 4 (JOBY)?

The filing reports RSU vesting on 10/01/2025 (totaling 29, (12,459+7,598+9,960) RSUs) and sales of 15,439 shares on 10/02/2025 at $16.78 and 5,102 shares on 10/03/2025 at a weighted average of $18.08.

Why were 15,439 shares sold on 10/02/2025?

The Form 4 states those shares were sold to cover taxes due upon the release and settlement of the RSUs, per the RSU award terms.

Was any sale executed under a pre‑approved plan?

Yes. The 10/03/2025 sale of 5,102 shares was made pursuant to a 10b5-1 trading plan adopted on 3/20/2025.

How many Joby shares does the reporting person own after these transactions?

The Form 4 shows total beneficial ownership of 98,104 shares following the reported transactions.

Do the RSU awards have specified vesting schedules?

Yes. One award vests in 16 equal quarterly installments from 1/1/2024; another vests in equal installments over four years from 7/1/2023; a third vests 10% on each of the first four quarterly anniversaries of 1/1/2022 and 5% quarterly thereafter.