JOBY Form 4: Paul Sciarra Sells 500,001 Shares Under 10b5-1 Plan
Rhea-AI Filing Summary
Paul Sciarra, a director of Joby Aviation, Inc. (JOBY), reported an insider sale on 08/25/2025. The Form 4 shows a sale of 500,001 shares of Joby common stock executed under an approved 10b5-1 trading plan adopted June 27, 2024, at a weighted average price of $14.35 per share (trades ranged from $14.22 to $14.81). The filing indicates the Reporting Person may be deemed the beneficial owner of 56,828,058 shares held of record by Sciarra Management Trust and also discloses 139,878 shares directly and 50,000 shares indirectly held by the Sciarra Foundation. The filer certified the ability to provide detailed trade-level prices and quantities upon request.
Positive
- Sale executed under an approved 10b5-1 trading plan, indicating pre-established authorization
- Weighted average sale price disclosed ($14.35) and execution price range provided ($14.22–$14.81)
- Reporting Person retains substantial beneficial ownership (56,828,058 shares) via Sciarra Management Trust
- Offer to provide full trade-level details upon request, supporting transparency
Negative
- Insider disposed of 500,001 shares, which is a material block of shares reported on Form 4
Insights
TL;DR: Routine director sale under a pre-established 10b5-1 plan; substantial indirect holdings remain.
The sale of 500,001 shares was executed pursuant to a 10b5-1 plan, which indicates pre-planned timing rather than an opportunistic trade. The reported weighted average sale price is $14.35 with execution prices between $14.22 and $14.81. The filer continues to be a significant beneficial owner with 56,828,058 shares held via Sciarra Management Trust, suggesting the sale did not eliminate substantial ownership. From a disclosure perspective, the filer also offers to provide detailed trade-level data to regulators or holders, which supports transparency.
TL;DR: Governance-compliant disclosure showing an officer/director sale under an approved trading plan.
The Form 4 clearly marks the transaction as executed under an approved 10b5-1 plan adopted June 27, 2024, and includes an attorney-in-fact signature, indicating procedural compliance. The filing identifies direct and indirect holdings through a management trust and foundation and explains the reporter's voting and dispositive power. This level of detail aligns with standard Section 16 reporting requirements and provides stakeholders with the necessary record of the insider disposition.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 500,001 | $14.35 | $7.18M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Sale made pursuant to the Reporting Person's approved 10b5-1 trading plan adopted on June 27, 2024. This transaction was executed in multiple trades at prices ranging from $14.22 to $14.81. 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. 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. 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.
