Insider sale: Bonny Simi offloads 173,456 JOBY shares after exercise

Q: Who filed the Form 4 for JOBY?

The reporting person is Simi Bonny , President of Operations at Joby Aviation, and the form was signed by an attorney-in-fact ( Sarah Slayen ) on 08/11/2025 .

Q: What transactions are reported in the JOBY Form 4 dated 08/08/2025?

The filing reports acquisition/exercise of 173,456 shares via options at a $1.77 price and the sale of 173,456 common shares at $17.25 .

Q: How did Simi Bonny's beneficial ownership change after the transactions?

Beneficial ownership decreased from 384,853 shares before the transactions to 211,397 shares after the transactions.

Q: Was the sale price and exercise price disclosed?

Yes. The exercise/conversion price is reported as $1.77 and the sale price for the disposed shares is reported as $17.25 .

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Joby Aviation reporting person Simi Bonny, President of Operations, disclosed option-related transactions dated 08/08/2025. The filing shows 173,456 stock options with an exercise/conversion price of $1.77 recorded in the derivative table and reflected as acquisition of 173,456 common shares. The same number of common shares, 173,456, was reported sold at $17.25, leaving beneficial ownership of 211,397 shares after the transactions (down from 384,853). The derivative entry shows the options relate to common stock and an expiration date of 12/17/2030. The filing includes an explanation of the vesting schedule and is signed by an attorney-in-fact on 08/11/2025.

Positive

Transaction disclosed in a Form 4 with dates and amounts, providing transparency to the market
Vesting schedule and option details are included, clarifying exercisability and expiration (12/17/2030)

Negative

Beneficial ownership decreased from 384,853 shares to 211,397 shares following the reported transactions
Insider sold 173,456 shares at $17.25, representing a material monetization of equity holdings

Insights

Insider exercised options at a low strike and executed a contemporaneous sale; holdings materially declined.

The filing documents exercise-related activity for 173,456 options at a $1.77 exercise price and a matching sale of 173,456 shares at $17.25. Net beneficial ownership fell from 384,853 to 211,397 shares. For investors, the key takeaways are clear numeric changes in insider holdings and the option expiration date of 12/17/2030. The transactions appear to be routine equity compensation monetization rather than an incremental corporate development; no new corporate disclosures or forward-looking statements accompany the filing.

Form 4 correctly reports option exercise, sale, vesting details, and a reduction in beneficial ownership.

The report names Simi Bonny and specifies her role as President of Operations, and provides a vesting explanation indicating partial immediate exercisability and scheduled installments. The record shows the transactions were reported and signed by an attorney-in-fact on 08/11/2025. From a governance perspective, the filing provides required transparency on insider exercise and sale activity and documents the resulting ownership change; it does not disclose any corporate governance actions or plan changes.

Insider Trade Summary

Exercise and Sale: 173,456 shares ($2.69M approx. pre-tax spread)

Exercise and Sale 3 txns

Insider Simi Bonny W

Role President of Operations

Sold 173,456 shs ($2.99M)

Approx. gross sale proceeds $2.99M

Approx. exercise cost $307K

Approx. pre-tax spread $2.69M

Type	Security	Shares	Price	Value
Exercise	Stock Options	173,456	$0.00	$0.00
Exercise	Common Stock	173,456	$1.77	$307K
Sale	Common Stock	173,456	$17.25	$2.99M

Holdings After Transaction: Stock Options — 378,126 shares (Direct); Common Stock — 211,397 shares (Direct)

Footnotes (1)

F1. Represents a stock option that is immediately exercisable with respect to 74% of the underlying shares and 3.74% of the underlying shares become exercisable thereafter on each of December 15, 2021 and March 15 of each of the following years with the last installment becoming exercisable on January 1, 2027.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 08/11/2025 - 08:59 PM

FAQ

Who filed the Form 4 for JOBY?

The reporting person is Simi Bonny, President of Operations at Joby Aviation, and the form was signed by an attorney-in-fact (Sarah Slayen) on 08/11/2025.

What transactions are reported in the JOBY Form 4 dated 08/08/2025?

The filing reports acquisition/exercise of 173,456 shares via options at a $1.77 price and the sale of 173,456 common shares at $17.25.

How did Simi Bonny's beneficial ownership change after the transactions?

Beneficial ownership decreased from 384,853 shares before the transactions to 211,397 shares after the transactions.

What are the option terms disclosed in the Form 4?

The derivative entry lists options with an exercise/conversion price of $1.77, 173,456 underlying shares, and an expiration date of 12/17/2030; a vesting schedule is described in the explanation.

Was the sale price and exercise price disclosed?

Yes. The exercise/conversion price is reported as $1.77 and the sale price for the disposed shares is reported as $17.25.

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^*

Simi Bonny W

(Last)

(First)

(Middle)

C/O JOBY AVIATION, INC.

333 ENCINAL STREET

(Street)

SANTA CRUZ

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 Operations

3. Date of Earliest Transaction (Month/Day/Year)
08/08/2025

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	08/08/2025		M		173,456	A	$1.77	384,853	D
Common Stock	08/08/2025		S		173,456	D	$17.25	211,397	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Options	$1.77	08/08/2025		M			173,456	⁽¹⁾	12/17/2030	Common Stock	173,456	$0	378,126	D

Explanation of Responses:

1. Represents a stock option that is immediately exercisable with respect to 74% of the underlying shares and 3.74% of the underlying shares become exercisable thereafter on each of December 15, 2021 and March 15 of each of the following years with the last installment becoming exercisable on January 1, 2027.

Remarks:

	/s/ Sarah Slayen, Attorney-in-Fact for Bonny Simi	08/11/2025
	** 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.

Source: View Original Filing on SEC EDGAR