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

Rhea-AI Filing Summary

Joby Aviation insider Didier Papadopoulos reported RSU vesting and subsequent sales. On 09/14/2025 he was issued 11,641 restricted stock units (RSUs) that converted into common stock, increasing his beneficial ownership to 96,594 shares. The same day the RSUs were reported as acquired at $0 per share. On 09/15/2025 he sold 5,987 shares at $14.55 and on 09/16/2025 he sold 1,979 shares at $14.22, reducing his beneficial ownership to 88,628 shares. The 09/15 sale was made under an approved 10b5-1 trading plan; some shares were sold to cover taxes due on the RSU settlement.

Positive

• Disclosed 10b5-1 plan usage for the 09/15/2025 sale, supporting compliance with insider trading rules
• Clear explanation that shares were sold to cover taxes due on RSU settlement

Negative

• Material change in beneficial ownership: ownership decreased from 96,594 to 88,628 shares after reported transactions

Insights

Securities Analyst

TL;DR: Officer received RSUs that vested and sold a portion under a 10b5-1 plan and to cover taxes.

The filing shows a routine equity compensation settlement followed by planned dispositions. The Reporting Person received 11,641 RSUs that converted to common stock at no cash cost and promptly disposed of 7,966 shares over two days, including 5,987 shares under a pre-approved 10b5-1 plan and additional shares sold to satisfy tax withholding. Beneficial ownership fell from 96,594 to 88,628 shares after the transactions. These events are typical for executive vesting and tax-covering mechanics and are disclosed under Section 16 reporting requirements.

Corporate Governance Expert

TL;DR: Compliance appears in order: RSU vesting disclosed and trades executed under a 10b5-1 plan.

The submission identifies the Reporting Person as an officer and discloses the vesting schedule for the RSU award. The sale on 09/15/2025 is explicitly linked to an approved 10b5-1 trading plan adopted March 20, 2025, which supports an affirmative defense to insider trading claims. The signature is by an attorney-in-fact, consistent with authorized reporting. No additional governance issues or exceptions are stated in the filing.

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^*

Papadopoulos Didier

(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)
	President of Aircraft OEM

3. Date of Earliest Transaction (Month/Day/Year)
09/14/2025

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	09/14/2025		M		11,641	A	$0	96,594	D
Common Stock	09/15/2025		S(1)		5,987	D	$14.55	90,607	D
Common Stock	09/16/2025		S(2)		1,979	D	$14.22	88,628	D

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	09/14/2025		M			11,641	(3)	(3)	Common Stock	11,641	$0	81,490	D

Explanation of Responses:

1. 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.

2. Sale made pursuant to the Reporting Person's approved 10b5-1 trading plan adopted on March 20, 2025.

3. Represents an award of restricted stock units ("RSUs") that vests with respect to 16.66% of the RSUs on June 14, 2022 and as to the remaining 83.34% in 20 quarterly installments 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 Didier Papadopoulos	09/16/2025
	** 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

What transactions did Didier Papadopoulos report on Form 4 for JOBY?

The filing reports acquisition of 11,641 RSUs that settled into common stock on 09/14/2025 and sales of 5,987 shares on 09/15/2025 at $14.55 and 1,979 shares on 09/16/2025 at $14.22.

Why were some shares sold after the RSU vesting in the JOBY Form 4?

The filing states shares were sold to cover taxes due upon RSU release and settlement, and part of the sales were executed under an approved 10b5-1 trading plan.

How did these transactions affect Papadopoulos's beneficial ownership of JOBY?

Beneficial ownership increased to 96,594 shares after the RSU settlement on 09/14/2025 and then decreased to 88,628 shares after the reported sales.

Was the 09/15/2025 sale part of a pre-approved trading plan?

Yes, the filing notes the 09/15/2025 sale was made pursuant to an approved 10b5-1 trading plan adopted on March 20, 2025.

Who signed the Form 4 for Didier Papadopoulos?

The Form 4 was signed by Sarah Slayen, Attorney-in-Fact for Didier Papadopoulos, dated 09/16/2025.