Joby Aviation director sells 62,500 shares
Joby Aviation director Paul Cahill Sciarra disclosed a 10b5-1 programmed sale of 62,500 JOBY shares, with substantial direct and indirect holdings remaining.
Rhea-AI Filing Summary
Joby Aviation, Inc. (JOBY) director Paul Cahill Sciarra reported an indirect sale of 62,500 shares of common stock on September 2, 2026, at a weighted average price of $6.68 per share, executed under an approved Rule 10b5-1 trading plan. The shares were sold from holdings of Sciarra Management Trust, which held 55,703,057 shares after the transaction. Sciarra also reports 163,971 shares held directly and 50,000 shares held indirectly through the Sciarra Foundation.
Positive
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Negative
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Insider Trade Summary 10b5-1
Net Seller: 62,500 shares
Net Sell
3 txns
Insider
Sciarra Paul Cahill
Role
Director
Sold
62,500 shs ($418K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2, F3 | 62,500 | $6.68 | $418K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 55,703,057 shares (Indirect, By Sciarra Management Trust);
Common Stock — 163,971 shares (Direct);
Common Stock — 50,000 shares (Indirect, By Sciarra Foundation)
Footnotes (4)
- F1. Sale made pursuant to the Reporting Person's approved 10b5-1 trading plan adopted on May 14, 2026.
- F2. This transaction was executed in multiple trades at prices ranging from $6.64 to $6.70. 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.
- F3. The shares of common stock are held of record by Sciarra Management Trust. The Reporting Person has voting and dispositive power of the shares held by Sciarra Management Trust therefore may be deemed to be the beneficial owner of such shares.
- F4. The shares of common stock are held of record by the Sciarra Foundation. The Reporting Person has voting and dispositive power of the shares held by the Sciarra Foundation therefore may be deemed to be the beneficial owner of such shares.
Key Figures
Shares sold: 62,500 shares
Weighted average sale price: $6.68 per share
Indirect holdings via Sciarra Management Trust: 55,703,057 shares
+3 more
6 metrics
Shares sold
62,500 shares
Indirect sale of Joby Aviation common stock on September 2, 2026
Weighted average sale price
$6.68 per share
Sale executed in multiple trades between $6.64 and $6.70
Indirect holdings via Sciarra Management Trust
55,703,057 shares
Joby Aviation common stock held after the reported sale
Direct holdings
163,971 shares
Joby Aviation common stock held directly after the transaction
Indirect holdings via Sciarra Foundation
50,000 shares
Joby Aviation common stock held of record by the Sciarra Foundation
10b5-1 plan adoption date
May 14, 2026
Date Sciarra’s approved Rule 10b5-1 trading plan was adopted
Key Terms
Rule 10b5-1 trading plan, weighted average sale price, beneficial owner, dispositive power
4 terms
Rule 10b5-1 trading plan regulatory
"Sale made pursuant to the Reporting Person's approved 10b5-1 trading plan"
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
"The price reported above reflects the weighted average sale price"
beneficial owner regulatory
"therefore may be deemed to be the beneficial owner of such shares"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
dispositive power regulatory
"The Reporting Person has voting and dispositive power of the shares"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
FAQ
What insider transaction did JOBY director Paul Cahill Sciarra report?
He reported an indirect sale of 62,500 Joby Aviation (JOBY) common shares on September 2, 2026. The sale was made from shares held by Sciarra Management Trust and was executed under an approved Rule 10b5-1 trading plan.
Was the JOBY insider sale made under a Rule 10b5-1 trading plan?
Yes. The filing states the sale was made pursuant to an approved Rule 10b5-1 trading plan adopted on May 14, 2026, indicating the trades were pre-arranged under that plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
