Were Gregory Bowles’ JOBY share sales discretionary or under a Rule 10b5-1 plan?

The Form 4 states that Gregory Bowles’ share sales were executed pursuant to an approved Rule 10b5-1 trading plan adopted on May 13, 2025. Such plans pre-schedule trades, indicating these dispositions followed a predetermined program rather than purely discretionary market timing.

Joby Aviation (NYSE: JOBY) CPO sells shares to cover RSU taxes

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Joby Aviation Chief Policy Officer Gregory Bowles reported a mix of stock option activity and tax-related share sales. On May 21, 2026, he exercised Restricted Stock Units (RSUs) covering 11,156 shares of Common Stock at $0.00 per share, converting them into fully owned shares.

According to the filing, an aggregate 8,088 shares of Common Stock were then sold in the open market on May 22, 2026 and May 26, 2026 at weighted average prices of $10.74 and $11.47 per share to cover taxes due upon the RSU vesting, as required by the award terms. These sales were executed under an approved Rule 10b5-1 trading plan adopted on May 13, 2025.

Following these transactions, Bowles directly holds 182,319 shares of Joby Aviation Common Stock, indicating that the sales represent a relatively small, routine portion of his overall equity position tied primarily to tax obligations rather than discretionary selling.

Insider Trade Summary 10b5-1

Net Seller: 8,088 shares ($90,225)

Net Sell 4 txns

Insider Bowles Gregory

Role Chief Policy Officer

Sold 8,088 shs ($90K)

Type	Security	Shares	Price	Value
Sale	Common Stock	4,602	$11.47	$53K
Sale	Common Stock	3,486	$10.74	$37K
Exercise	Restricted Stock Units (RSUs)	11,156	$0.00	--
Exercise	Common Stock	11,156	$0.00	--

Holdings After Transaction: Common Stock — 182,319 shares (Direct, null); Restricted Stock Units (RSUs) — 33,468 shares (Direct, null)

Footnotes (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. Sale made pursuant to the Reporting Person's approved 10b5-1 trading plan adopted on May 13, 2025. This transaction was executed in multiple trades at prices ranging from $11.27 to $11.71. 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. Represents an award of restricted stock units ("RSUs") that vests with respect to 16.66% of the RSUs on February 21, 2022 and as to the remaining 83.34% in 20 quarterly installments 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.

Key Figures

Shares sold: 8,088 shares First sale size: 3,486 shares Second sale size: 4,602 shares +4 more

7 metrics

Shares sold 8,088 shares Aggregate open-market sales to cover taxes on RSU vesting

First sale size 3,486 shares Common Stock sold on May 22, 2026 at $10.74 per share

Second sale size 4,602 shares Common Stock sold on May 26, 2026 at $11.47 per share

RSUs exercised 11,156 shares RSUs converted into Common Stock on May 21, 2026 at $0.00

Shares held after transactions 182,319 shares Direct Common Stock holdings following reported Form 4 trades

First sale price $10.74 per share Weighted average sale price for 3,486 shares on May 22, 2026

Second sale price $11.47 per share Weighted average sale price for 4,602 shares on May 26, 2026

Key Terms

Restricted Stock Units ("RSUs"), Rule 10b5-1 trading plan, weighted average sale price, exercise or conversion of derivative security, +1 more

5 terms

Restricted Stock Units ("RSUs") financial

"Represents an award of restricted stock units ("RSUs") that vests with respect to 16.66% of the RSUs..."

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

Rule 10b5-1 trading plan regulatory

"Sale made pursuant to the Reporting Person's approved 10b5-1 trading plan adopted on May 13, 2025."

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

weighted average sale price financial

"This transaction was executed in multiple trades at prices ranging from $11.27 to $11.71. The price reported above reflects the weighted average sale price."

exercise or conversion of derivative security financial

"transaction_code_description": "Exercise or conversion of derivative security""

settlement of the RSUs financial

"shares sold by the Reporting Person to cover taxes due upon the release and settlement of the RSUs..."

Form 4 Insider Transactions: What Each Field Means →

05/26/2026 - 05:35 PM

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).

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^*

Bowles Gregory

(Last)

(First)

(Middle)

C/O JOBY AVIATION, INC.

333 ENCINAL STREET

(Street)

SANTA CRUZ

CALIFORNIA

95060

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)
	Chief Policy Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/21/2026		M		11,156	A	$0	190,407	D
Common Stock	05/22/2026		S⁽¹⁾		3,486	D	$10.74	186,921	D
Common Stock	05/26/2026		S⁽²⁾		4,602	D	$11.47⁽³⁾	182,319	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units (RSUs)	$0	05/21/2026		M			11,156	⁽⁴⁾	⁽⁴⁾	Common Stock	11,156	$0	33,468	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 May 13, 2025.

3. This transaction was executed in multiple trades at prices ranging from $11.27 to $11.71. 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 vests with respect to 16.66% of the RSUs on February 21, 2022 and as to the remaining 83.34% in 20 quarterly installments 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 Gregory Bowles	05/26/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Joby Aviation (JOBY) report for Gregory Bowles?

Joby Aviation reported that Chief Policy Officer Gregory Bowles exercised RSUs for 11,156 shares and sold 8,088 shares of Common Stock. The sales were tied to tax obligations related to the RSU vesting and were executed under a pre-approved Rule 10b5-1 trading plan.

How many Joby Aviation (JOBY) shares does Gregory Bowles hold after these Form 4 transactions?

After the reported transactions, Gregory Bowles directly holds 182,319 shares of Joby Aviation Common Stock. This post-transaction balance shows that the 8,088 shares sold to cover taxes represent a relatively small portion of his overall equity stake in the company.

Why did Gregory Bowles sell 8,088 shares of Joby Aviation (JOBY) stock?

The filing explains that the 8,088 shares of Joby Aviation Common Stock were sold to cover taxes due upon the release and settlement of RSUs. This tax-related sale was required by the terms of the RSU award, rather than being a purely elective reduction in holdings.

At what prices did Gregory Bowles sell his Joby Aviation (JOBY) shares?

Gregory Bowles sold 3,486 shares at a weighted average price of $10.74 per share and 4,602 shares at a weighted average price of $11.47 per share. One transaction included multiple trades between $11.27 and $11.71, according to the Form 4 footnotes.

What RSU award terms are described in Gregory Bowles’ Joby Aviation (JOBY) Form 4?

The RSU award vests 16.66% on February 21, 2022 and the remaining 83.34% in 20 quarterly installments, subject to continued service. Each RSU represents the right to receive one share of Joby Aviation Common Stock upon vesting, leading to share delivery without cash exercise cost.