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

Rhea-AI Filing Summary

Joby Aviation insider Gregory Bowles, the company's Chief Policy Officer, reported vesting and subsequent transactions related to restricted stock units (RSUs). A grant of 11,156 RSUs became vested and converted into 11,156 shares of common stock, increasing his beneficial ownership to 164,436 shares after the conversion. To satisfy tax withholding on the RSU settlement, 3,402 shares were sold at $14.56 per share. A further sale of 7,754 shares occurred under an existing 10b5-1 trading plan at $14.80 per share, leaving 153,280 shares beneficially owned by Bowles. The sales were described as covering taxes and as executed pursuant to an approved trading plan.

Positive

• Transactions disclosed transparently with quantities, prices, and nature (tax withholding and 10b5-1 plan)
• 10b5-1 plan use indicates pre-authorized, non-discretionary sales which reduce insider trading timing concerns

Negative

• Net reduction in direct beneficial ownership from 164,436 to 153,280 shares after sales

Insights

Corporate Governance Expert

TL;DR Insider converted RSUs to shares and sold a portion to cover taxes and under a pre-approved 10b5-1 plan; activity appears routine.

The reported transactions show standard post-vesting mechanics: withholding-through-sale to cover taxes and planned disposition under a 10b5-1 program. Such sales reduce the insider's direct shareholdings but are explained as non-discretionary or pre-authorized, which mitigates governance concerns about opportunistic timing. For investors, these transactions are informational rather than indicative of unknown company developments.

Securities Analyst

TL;DR Insider sold 11,156 shares (split between tax withholding and 10b5-1 plan) after RSU vesting; sales prices were in the mid-$14 range.

The conversion of RSUs into shares followed the award's vesting schedule then two disposition events occurred: a 3,402-share sale at $14.56 to cover tax obligations and a 7,754-share sale at $14.80 under an established trading plan. The disclosed prices provide a transparent view of the insider's realized proceeds per share. The remaining beneficial ownership level is clearly stated, allowing straightforward inclusion in insider-holding models.

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^*

Bowles Gregory

(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)
	Chief Policy Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/21/2025

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	08/21/2025		M		11,156	A	$0	164,436	D
Common Stock	08/22/2025		S(1)		3,402	D	$14.56	161,034	D
Common Stock	08/25/2025		S(2)		7,754	D	$14.8	153,280	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	08/21/2025		M			11,156	(3)	(3)	Common Stock	11,156	$0	66,936	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 June 4, 2024.

3. 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	08/25/2025
	** 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 insider transactions did Gregory Bowles report for JOBY?

The report shows conversion of 11,156 RSUs into 11,156 shares, a 3,402-share sale at $14.56 to cover taxes, and a 7,754-share sale at $14.80 under a 10b5-1 plan.

Why were shares sold after the RSU vesting reported by JOBY insider?

The filing states 3,402 shares were sold to cover taxes due on RSU settlement and 7,754 shares were sold pursuant to an approved 10b5-1 trading plan.

How many shares does Gregory Bowles beneficially own after the transactions?

After the reported transactions, the filing lists 153,280 shares beneficially owned by Gregory Bowles.

Do the sales indicate discretionary insider trading by JOBY's officer?

According to the filing, one sale was for tax withholding and the other was executed under a pre-approved 10b5-1 plan, indicating non-discretionary or planned transactions.

What is the per-share price reported for the dispositions?

The filing reports sale prices of $14.56 per share and $14.80 per share for the two dispositions.