Joby Aviation (JOBY) director’s trust sells 83,334 shares, receives new RSU grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Joby Aviation director Paul Cahill Sciarra reported several equity transactions involving Joby Aviation, Inc. common stock. He exercised 19,157 restricted stock units into common shares and received a new grant of 18,850 RSUs as an annual equity award for non-employee directors.
An affiliated entity, Sciarra Management Trust, sold 83,334 shares of common stock at a weighted average price of $12.00 per share, under a pre-arranged Rule 10b5-1 trading plan adopted on October 9, 2025. Following these transactions, Sciarra holds 162,080 shares directly, while entities he controls hold additional indirect positions, including shares in Sciarra Management Trust and the Sciarra Foundation.
Positive
- None.
Negative
- None.
Insights
Pre-planned trust sale alongside routine director equity awards.
Director Paul Cahill Sciarra reported a mix of activity: exercising 19,157 RSUs into common stock, receiving an additional 18,850 RSUs, and an open-market sale of 83,334 shares by Sciarra Management Trust.
The sale was executed under an approved Rule 10b5-1 trading plan adopted on October 9, 2025, signaling it was pre-scheduled rather than opportunistic. After these trades, Sciarra still holds 162,080 shares directly plus substantial indirect holdings via the trust and the Sciarra Foundation, so the net impact appears routine within his overall position.
Insider Trade Summary 10b5-1
Net Seller: 83,334 shares ($1,000,008)
Net Sell
5 txns
Insider
Sciarra Paul Cahill
Role
null
Sold
83,334 shs ($1.00M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (RSUs) | 19,157 | $0.00 | -- |
| Grant/Award | Restricted Stock Units (RSUs) | 18,850 | $0.00 | -- |
| Exercise | Common Stock | 19,157 | $0.00 | -- |
| Sale | Common Stock | 83,334 | $12.00 | $1.00M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units (RSUs) — 0 shares (Direct, null);
Common Stock — 162,080 shares (Direct, null);
Common Stock — 55,828,057 shares (Indirect, By Sciarra Management Trust)
Footnotes (1)
- Sale made pursuant to the Reporting Person's approved 10b5-1 trading plan adopted on October 9, 2025. This transaction was executed in multiple trades at prices ranging from $12.00 to $12.01. 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. Represents an annual award of restricted stock units ("RSUs") to the Issuer's non-employee directors (the "2025 Annual Award"). The 2025 Annual Award shall fully vest on the earlier of (a) the date of the next annual meeting of the Issuer's stockholders and (b) June 6, 2026, in each case, subject to Reporting Person's continued status as a Service Provider (as defined in the Issuer's 2021 Incentive Award Plan) through the applicable vesting date. Each RSU represents a contingent right to receive one share of Common Stock upon vesting. Represents an annual award of restricted stock units ("RSUs") to the Issuer's non-employee directors (the "2026 Annual Award"). The 2026 Annual Award shall fully vest on the earlier of (a) the date of the next annual meeting of the Issuer's stockholders and (b) June 2, 2027, in each case, subject to Reporting Person's continued status as a Service Provider (as defined in the Issuer's 2021 Incentive Award Plan) through the applicable vesting date. Each RSU represents a contingent right to receive one share of Common Stock upon vesting.
Key Figures
Open-market sale: 83,334 shares
Sale price: $12.00 per share
RSUs exercised: 19,157 units
+5 more
8 metrics
Open-market sale
83,334 shares
Sciarra Management Trust sale of Joby Aviation common stock
Sale price
$12.00 per share
Weighted average price for 83,334-share sale; trades ranged $12.00–$12.01
RSUs exercised
19,157 units
Restricted stock units converted into Joby Aviation common stock
New RSU award
18,850 units
Annual RSU grant to non-employee director
Direct holdings after transactions
162,080 shares
Paul Sciarra’s direct Joby Aviation common stock position
Trust holdings after sale
55,828,057 shares
Joby Aviation common shares held by Sciarra Management Trust
Foundation holdings
50,000 shares
Joby Aviation common shares held by Sciarra Foundation
10b5-1 plan adoption date
October 9, 2025
Date Sciarra’s trading plan governing the sale was adopted
Key Terms
Rule 10b5-1 trading plan, restricted stock units ("RSUs"), beneficial owner, non-employee directors, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"Sale made pursuant to the Reporting Person's approved 10b5-1 trading plan adopted on October 9, 2025."
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.
restricted stock units ("RSUs") financial
"Represents an annual award of restricted stock units ("RSUs") to the Issuer's non-employee directors."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
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.
non-employee directors financial
"Represents an annual award of restricted stock units ("RSUs") to the Issuer's non-employee directors."
Non-employee directors are board members who do not work for the company as salaried employees and usually do not hold day-to-day management roles. They act like outside referees or independent coaches, providing oversight, asking tough questions, and protecting shareholders’ interests; investors care because these directors help ensure management is accountable, reduce conflicts of interest, and influence decisions that affect company strategy and long-term value.
Service Provider regulatory
"subject to Reporting Person's continued status as a Service Provider (as defined in the Issuer's 2021 Incentive Award Plan)."
FAQ
What did Joby Aviation (JOBY) director Paul Sciarra report in this Form 4?
Director Paul Cahill Sciarra reported exercising 19,157 restricted stock units into common stock, receiving a new 18,850 RSU award, and an affiliated trust selling 83,334 Joby Aviation common shares in open-market transactions disclosed in the Form 4.
Was the JOBY insider sale by Sciarra pre-planned under a Rule 10b5-1 plan?
Yes. The Form 4 notes the sale by Sciarra Management Trust was made under Paul Sciarra’s approved Rule 10b5-1 trading plan, which was adopted on October 9, 2025, indicating the transactions were pre-arranged rather than discretionary trades.
What is the role of Sciarra Management Trust and the Sciarra Foundation in JOBY holdings?
Sciarra Management Trust and the Sciarra Foundation hold Joby Aviation common stock indirectly for Paul Sciarra. He has voting and dispositive power over shares in both entities, so he may be deemed the beneficial owner of those indirect positions under securities ownership rules.