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

Rhea-AI Filing Summary

JoeBen Bevirt, Joby Aviation (JOBY) CEO and director, reported multiple transactions on 10/01/2025 and 10/02/2025 including sales under an approved 10b5-1 plan and share transfers related to RSU vesting. The filing shows a weighted-average sale price of $16.29 for aggregated sales of 253,600 and 172,400 shares (reported separately) and an additional sale of 32,284 shares at $16.78 to cover taxes on RSU settlement. After these transactions, the reporting person beneficially owns 60,273,162 shares indirectly through the Joby Trust and holds various other indirect interests via family and grantor trusts. The report also discloses the receipt and vesting of RSUs totaling 62,778 shares that converted to common stock.

Positive

• Sales executed under an approved 10b5-1 trading plan (adopted March 31, 2025) providing structured timing
• Substantial retained beneficial ownership of 60,273,162 shares held indirectly via the Joby Trust
• RSU vesting and tax-cover sales are clearly disclosed, showing routine compensation settlement

Negative

• Insider reported significant open-market sales: aggregated reported disposals of at least 425, and 284,000 (combined line items of 253,600 and 172,400) shares on 10/01/2025
• Weighted-average sale prices reported between $15.86 and $16.79, with a reported average of $16.29, indicating realized liquidity from holdings

Insights

Corporate Governance Analyst

Insider sales executed under a pre-approved plan; large retained ownership remains.

The filing confirms that the bulk of sales on 10/01/2025 were executed pursuant to an approved 10b5-1 plan adopted March 31, 2025, which provides an affirmative defense for scheduled sales. This procedural detail is material for governance assessment because it indicates the trades were pre-planned rather than ad hoc.

The Reporting Person still beneficially owns 60,273,162 shares indirectly via the Joby Trust, demonstrating continued substantial economic exposure despite the disposals.

Equity Compensation Analyst

RSU vesting and tax-cover sales are documented; exact RSU amounts disclosed.

The Form 4 shows RSU vesting on 10/01/2025 with 12,977 and 49,801 RSUs reported as vested and settled, converting into common stock. A sale of 32,284 shares on 10/02/2025 is explicitly described as covering taxes due upon RSU settlement, which is a routine compensation-related transfer.

The filing reports weighted-average sale price ranges ($15.86–$16.79), with the reported price reflecting the weighted average; full trade-level details are available upon request to the SEC staff.

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^*

Bevirt JoeBen

(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)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	CEO and Chief Architect

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		S(1)		253,600	D	$16.29(2)	60,273,162	I	By Joby Trust(3)
Common Stock	10/01/2025		S(1)		172,400	D	$16.29(4)	219,093	D
Common Stock	10/01/2025		M		12,977	A	$0	232,070	D
Common Stock	10/01/2025		M		49,801	A	$0	281,871	D
Common Stock	10/02/2025		S(5)		32,284	D	$16.78	249,587	D
Common Stock								155,737	I	By Jennifer Barchas Trust(6)
Common Stock								32,275,793	I	By JoeBen Bevirt 2020 Descendants Trust(7)
Common Stock								189,109	I	By Spouse(8)
Common Stock								83,666	I	By JoeBen Bevirt 2022 GRAT Trust(9)

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			12,977	(10)	(10)	Common Stock	12,977	$0	116,799	D
Restricted Stock Units (RSUs)	$0	10/01/2025		M			49,801	(11)	(11)	Common Stock	49,801	$0	49,801	D

Explanation of Responses:

1. Sale made pursuant to the Reporting Person's approved 10b5-1 trading plan adopted on March 31, 2025.

2. This transaction was executed in multiple trades at prices ranging from $15.86 to $16.79. 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.

3. The shares of common stock are held of record by The Joby Trust. The Reporting Person is the trustee of the Joby Trust and may be deemed to be the beneficial owner of such shares.

4. This transaction was executed in multiple trades at prices ranging from $15.86 to $16.78. 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.

5. 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.

6. The shares of common stock are held of record by The Jennifer Barchas Trust (the "Barchas Trust"). The spouse of the Reporting Person has voting and dispositive power of the shares held by The Barchas Trust therefore may be deemed to be the beneficial owner of such shares to the extent of her pecuniary interest.

7. The shares of common stock are held of record by the JoeBen Bevirt 2020 Descendants Trust, dated December 26, 2020 (the "Descendants Trust"). The Reporting Person is the trustee of the Decendants Trust and may be deemed to be the beneficial owner of such shares.

8. The shares of common stock are held of record by the spouse of the Reporting Person.

9. The shares of common stock are held of record by the JoeBen Bevirt 2022 GRAT Trust (the "2022 GRAT Trust"). The Reporting Person has voting and dispositive power of the shares held by the 2022 GRAT Trust therefore may be deemed to be the beneficial owner of such shares to the extent of his pecuniary interest.

10. 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.

11. Represents an award of restricted stock units ("RSUs") that vests with respect to 10% of the total number of RSUs on each of the first four quarterly anniversaries of January 1, 2022 and as to 5% of the total number of RSUs on each quarterly anniversary 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 JoeBen Bevirt	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.
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FAQ

What did JoeBen Bevirt (JOBY) report on Form 4?

The Form 4 shows sales on 10/01/2025 and 10/02/2025 under a 10b5-1 plan, RSU vesting, and an ending indirect beneficial ownership of 60,273,162 shares.

How many shares were sold and at what price in the JOBY Form 4?

Reported sales include 253,600 and 172,400 shares on 10/01/2025 (weighted-average price reported as $16.29) and 32,284 shares on 10/02/2025 at $16.78.

Were the sales part of a pre-arranged trading plan for JOBY insider trades?

Yes. The filing states the sales on 10/01/2025 were made pursuant to an approved 10b5-1 plan adopted March 31, 2025.

Did the Form 4 disclose RSU activity for JoeBen Bevirt (JOBY)?

Yes. The filing discloses vesting of RSUs on 10/01/2025 totaling 12,977 and 49,801 RSUs, which converted to common stock.

Why were shares sold on 10/02/2025 according to the Form 4?

The sale of 32,284 shares on 10/02/2025 is disclosed as the aggregate number sold to cover taxes due upon RSU release and settlement.