[144] Pagaya Technologies Ltd. SEC Filing

Rhea-AI Filing Summary

Form 144 filed for Joby Aviation, Inc. (JOBY) discloses a proposed insider sale of 7,961 common shares, worth approximately $80,884, through Morgan Stanley Smith Barney on or about 07/03/2025. The seller, Gregory Bowles, acquired the stock as restricted stock units on 07/01/2025 and will transact on the NYSE. JOBY has ≈791.8 million shares outstanding, so the planned sale represents roughly 0.001% of total shares.

The filing also lists prior insider sales by Bowles over the last three months totaling 25,330 shares for gross proceeds of about $169,434, some executed under a Rule 10b5-1 trading plan. While repeated selling can draw investor attention, the absolute and relative amounts are small and do not materially affect JOBY’s float or capital structure.

Positive

• Transparent disclosure of insider intent via timely Form 144 filing.
• Use of Rule 10b5-1 plan and reputable broker reduces potential governance concerns.

Negative

• Continued insider selling (≈33 k shares including proposed sale) may be perceived negatively by some investors, though size is immaterial.
• No offsetting insider purchases disclosed, offering limited confidence signal.

Insights

Insider Transaction Analyst

TL;DR – Small, routine Form 144; limited price impact.

The 7.9 k-share sale equals ~0.001 % of JOBY’s outstanding stock, well below any dilution or control-related threshold. Prior 3-month sales total 25.3 k shares, indicating a steady liquidity program rather than a directional call on fundamentals. Use of Morgan Stanley and mention of 10b5-1 reduce litigation and sentiment risk. Overall, the disclosure is neutral with negligible financial impact but worth monitoring if selling accelerates.

Equity Research Analyst – eVTOL Sector

TL;DR – Insider activity minor; business outlook unchanged.

Joby’s valuation drivers remain certification milestones and commercial launch timelines; this Form 144 does not alter those factors. Insider sales often coincide with RSU vesting and tax obligations. Given JOBY’s large share base, the transaction should not influence liquidity or strategic flexibility. Investors should instead focus on FAA progress and cash-burn trends.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	13821	306549.78	63055282	07/03/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	07/01/2025	Restricted Stock Units	Issuer			13821	07/01/2025	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales for TAMI ROSEN 335 Madison Avenue, 16th Floor New York NY 10017	Common	06/25/2025	10000	202400.00
TAMI ROSEN 335 Madison Avenue, 16th Floor New York NY 10017	Common	06/12/2025	8187	146547.30
10b5-1 Sales for TAMI ROSEN 335 Madison Avenue, 16th Floor New York NY 10017	Common	06/10/2025	13814	244225.99

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many JOBY shares is Gregory Bowles planning to sell?

The Form 144 proposes the sale of 7,961 common shares.

What is the estimated value of the proposed JOBY insider sale?

The aggregate market value is approximately $80,884.

When is the planned sale date for the JOBY shares?

The approximate sale date stated is 07/03/2025.

What percentage of Joby Aviation’s outstanding shares does the sale represent?

About 0.001 % of the roughly 791.8 million shares outstanding.

Were there other recent JOBY insider sales by the same individual?

Yes. Over the past three months Bowles sold 25,330 shares for gross proceeds of about $169,434.

Is the transaction under a Rule 10b5-1 trading plan?

The filing references earlier 10b5-1 sales, suggesting a structured trading program.