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

Rhea-AI Filing Summary

Joby Aviation (JOBY) filed a Form 4 reporting that President of Aircraft OEM Didier Papadopoulos received a new equity award on 28 Jul 2025.

• Derivative security granted: 8,428 Restricted Stock Units (RSUs) at an exercise price of $0.
• Vesting schedule: Between 0 % and 200 % of the award will vest in two equal tranches on 9 Mar 2026 and 7 Apr 2026, subject to achievement of specified goals and continued employment.
• Each RSU represents the contingent right to receive up to two common shares, implying a maximum of 16,856 shares if targets are fully met.
• After the grant, Mr. Papadopoulos directly owns 8,428 derivative securities; no open-market purchases or sales were disclosed.

The filing reflects routine, performance-based stock compensation that aligns executive incentives with operational milestones while adding only minimal potential dilution.

Positive

• Performance-based RSU structure ties executive compensation to achieving specific operational goals, strengthening management–shareholder alignment.
• No shares sold; disclosure reflects compensation, not insider profit-taking, which may reassure investors.

Negative

• Potential dilution of up to 16,856 shares if the award vests at 200 %, though the amount appears limited.

Insights

Financial Analyst

TL;DR: Performance-contingent RSU grant; incentive-aligning, financially immaterial, neutral market impact.

The 8,428-unit RSU award gives Joby’s Aircraft OEM President upside tied to 2026 milestones. With a $0 exercise price and up to 200 % payout, the maximum impact is 16,856 new shares—small in absolute terms. Because the award is contingent and no cash changed hands, immediate balance-sheet or ownership shifts are negligible. Investors may view the grant as a standard retention and motivation tool rather than a directional insider signal. Overall, the disclosure is routine and unlikely to move the stock.

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 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)
07/28/2025

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

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	07/28/2025		A		5,997		(1)	(1)	Common Stock	5,997	$0	5,997	D

Explanation of Responses:

1. Between 0% and 200% of the award will vest in equal installments on each of on March 9, 2026, and April 7, 2026, based on the achievement of specified goals and subject to the Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive up to two shares of Common Stock upon vesting.

Remarks:

	/s/ Sarah Slayen, Attorney-in-Fact for Gregory Bowles	07/30/2025
	** 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

How many RSUs were granted to JOBY executive Didier Papadopoulos?

The Form 4 lists 8,428 Restricted Stock Units granted on 28 Jul 2025.

When do the Joby Aviation RSUs vest?

The award vests in two equal installments on 9 Mar 2026 and 7 Apr 2026, subject to performance and service.

Are the RSUs performance-based?

Yes. 0–200 % of the units can vest depending on the achievement of specified goals.

Did the Form 4 report any open-market buying or selling of JOBY shares?

No. The filing only discloses a grant of RSUs; no purchases or sales of common stock were reported.

What is the exercise price of the RSUs disclosed in JOBY’s Form 4?

The RSUs have an exercise price of $0, meaning no cash outlay is required upon vesting.