JOBY Form 4: Chief Policy Officer received 11,453 RSUs and sold shares

Rhea-AI Filing Summary

Gregory Bowles, Chief Policy Officer of Joby Aviation, Inc. (JOBY), reported activity in Form 4 showing new restricted stock unit awards and share sales tied to vesting and an approved trading plan. On 10/01/2025 and 10/02/2025 he received two RSU awards of 6,229 and 5,224 units, respectively, which convert to common stock upon vesting under specified quarterly schedules. To cover taxes on RSU settlement, 3,493 shares were sold on 10/02/2025. Under an approved 10b5-1 plan adopted May 13, 2025, an additional 4,776 shares were sold on 10/03/2025 at a weighted average price of $18.09 (range $17.65–$18.57). Following these transactions, Bowles beneficially owned 156,464 shares.

Positive

• 10b5-1 trading plan adoption (May 13, 2025) used for orderly sales
• RSU awards totaling 11,453 units with clear vesting schedules provide alignment with long-term service

Negative

• 8,269 shares sold (3,493 to cover taxes; 4,776 under plan) reduced direct holdings
• Beneficial ownership fell to 156,464 shares following the reported transactions

Insights

Corporate Governance & Insider Compliance Specialist

Insider received RSUs and executed compliant sales under a 10b5-1 plan to cover tax obligations.

What it means: The Form 4 discloses two RSU grants totaling 11,453 units that vest on quarterly schedules, creating future potential share issuance upon vesting. The filing also shows sales of 3,493 shares to cover taxes and 4,776 shares sold under an approved 10b5-1 trading plan.

Why it matters: The 10b5-1 plan and tax-withholding sale are routine compliance actions that explain insider selling without indicating opportunistic trading. The weighted average sale price reported for the plan sale is $18.09 (trades ranged $17.65–$18.57, which is the only disclosed price metric and quantifies cash received from the plan sale.

Insider Trade Summary

Net Seller: 8,269 shares ($145,010)

Net Sell 6 txns

Insider Bowles Gregory

Role Chief Policy Officer

Sold 8,269 shs ($145K)

Type	Security	Shares	Price	Value
Sale	Common Stock	4,776	$18.09	$86K
Sale	Common Stock	3,493	$16.78	$59K
Exercise	Restricted Stock Units (RSUs)	6,229	$0.00	--
Exercise	Restricted Stock Units (RSUs)	5,224	$0.00	--
Exercise	Common Stock	6,229	$0.00	--
Exercise	Common Stock	5,224	$0.00	--

Holdings After Transaction: Common Stock — 156,464 shares (Direct); Restricted Stock Units (RSUs) — 56,063 shares (Direct)

Footnotes (1)

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 $17.65 to $18.57. 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 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. 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.

Form 4 Insider Transactions: What Each Field Means →

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)
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		6,229	A	$0	159,509	D
Common Stock	10/01/2025		M		5,224	A	$0	164,733	D
Common Stock	10/02/2025		S(1)		3,493	D	$16.78	161,240	D
Common Stock	10/03/2025		S(2)		4,776	D	$18.09(3)	156,464	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			6,229	(4)	(4)	Common Stock	6,229	$0	56,063	D
Restricted Stock Units (RSUs)	$0	10/01/2025		M			5,224	(5)	(5)	Common Stock	5,224	$0	36,569	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 $17.65 to $18.57. 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.

Remarks:

	/s/ Sarah Slayen, Attorney-in-Fact for Gregory Bowles	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 insider transactions did Gregory Bowles (JOBY) report on Form 4?

He reported receipt of 6,229 and 5,224 RSUs and sales of 3,493 shares (tax withholding) and 4,776 shares (10b5-1 plan).

Why were 3,493 shares sold on 10/02/2025?

The filing states the 3,493 shares were sold to cover taxes due upon the release and settlement of the RSUs.

Was the sale on 10/03/2025 part of an approved trading plan?

Yes. The 4,776 shares sold on 10/03/2025 were executed pursuant to an approved 10b5-1 trading plan adopted on May 13, 2025.

At what price were the 10b5-1 plan shares sold?

The plan sale executed in multiple trades at prices ranging from $17.65 to $18.57, with a reported weighted average of $18.09.

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

The filing reports 156,464 shares beneficially owned following the reported transactions.

What are the RSU vesting schedules disclosed?

One RSU award vests in 16 equal quarterly installments beginning January 1, 2024; the other vests in equal installments over four years on quarterly anniversaries of July 1, 2023.