Baillie Gifford holds 5.4% Joby Aviation (NYSE: JOBY) stake

Rhea-AI Filing Summary

Joby Aviation, Inc. received an updated large-shareholder disclosure showing that Baillie Gifford & Co, a Scotland-based investment adviser, beneficially owns 49,570,755 shares of Joby common stock, representing about 5.4%–5.44% of the class as of the event date.

Baillie Gifford has sole voting power over 28,065,150 shares and sole dispositive power over the full 49,570,755 shares, with no shared voting or dispositive authority. The shares are held by Baillie Gifford and/or its investment adviser subsidiaries, including Baillie Gifford Overseas Limited, on behalf of various institutional investment advisory clients.

Baillie Gifford certifies the holdings are kept in the ordinary course of business and not for the purpose or effect of changing or influencing control of Joby Aviation, aligning this position with passive institutional ownership.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

Joby Aviation, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

G65163100

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. G65163100

1

Names of Reporting Persons

BAILLIE GIFFORD & CO

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED KINGDOM

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 28,065,150.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 49,570,755.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

49,570,755.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.4 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Joby Aviation, Inc.
(b)	Address of issuer's principal executive offices: 333 ENCINAL STREET, 333 ENCINAL STREET, SANTA CRUZ, CALIFORNIA, 95060.
Item 2.
(a)	Name of person filing: Baillie Gifford & Co
(b)	Address or principal business office or, if none, residence: Calton Square 1 Greenside Row Edinburgh EH1 3AN Scotland UK
(c)	Citizenship: Scotland
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: G65163100
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
	Investment Adviser
Item 4.	Ownership
(a)	Amount beneficially owned: 49,570,755
(b)	Percent of class: 5.44 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 28,065,150
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 49,570,755
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Securities reported on this Schedule 13G as being beneficially owned by Baillie Gifford & Co. are held by Baillie Gifford & Co. and/or one or more of its investment adviser subsidiaries, which may include Baillie Gifford Overseas Limited, on behalf of investment advisory clients, which may include investment companies registered under the Investment Company Act, employee benefit plans, pension funds or other institutional clients.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ? 240.14a-11. By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to Investment Adviser is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

BAILLIE GIFFORD & CO

Signature:	Grant Meikle
Name/Title:	Regulatory Reporting Manager
Date:	02/05/2026

FAQ

What percentage of Joby Aviation (JOBY) shares does Baillie Gifford own?

Baillie Gifford & Co reports beneficial ownership of about 5.4%–5.44% of Joby Aviation’s common stock. This is based on 49,570,755 shares reported in the Schedule 13G/A, crossing the 5% large-shareholder disclosure threshold.

How many Joby Aviation (JOBY) shares does Baillie Gifford control?

Baillie Gifford & Co reports beneficial ownership of 49,570,755 Joby Aviation common shares. It has sole voting power over 28,065,150 shares and sole dispositive power over all 49,570,755 shares, with no shared voting or dispositive authority disclosed.

Is Baillie Gifford a passive investor in Joby Aviation (JOBY)?

Baillie Gifford certifies the Joby Aviation shares are held in the ordinary course of business and not to change or influence control. This language indicates a passive institutional ownership stance consistent with a Schedule 13G/A filing rather than an activist position.

Who actually holds the Joby Aviation shares reported by Baillie Gifford?

The securities reported as beneficially owned by Baillie Gifford & Co are held by Baillie Gifford and/or its investment adviser subsidiaries, which may include Baillie Gifford Overseas Limited, on behalf of investment advisory clients such as funds, pension plans, and other institutional accounts.

What type of entity is Baillie Gifford in this Joby Aviation (JOBY) filing?

In this Schedule 13G/A, Baillie Gifford & Co is classified as an investment adviser. It is a Scotland-based firm with its principal office at Calton Square, 1 Greenside Row, Edinburgh, acting on behalf of multiple institutional investment advisory clients.

When was Baillie Gifford’s Joby Aviation (JOBY) ownership measured in this filing?

The Schedule 13G/A lists the date of event requiring the filing as 12/31/2025. The reported ownership levels, including the 49,570,755 shares and approximately 5.4%–5.44% stake, are tied to that event date for disclosure purposes.