Form 4: Joby Aviation CFO Matthew Field Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Matthew Field, CFO of Joby Aviation, sold 13,953 shares of common stock at an average price of $4.96 on May 20, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- On May 20, 2024, Matthew Field, the Chief Financial Officer and Treasurer of Joby Aviation, sold 13,953 shares of Joby Aviation's common stock.
- The sale was executed under a pre-approved 10b5-1 trading plan adopted on November 30, 2023.
- The shares were sold at a weighted average price of $4.96, with individual transactions ranging from $4.91 to $5.11.
- Following the transaction, Matthew Field directly owns 269,196 shares of Joby Aviation's common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a share sale by an executive under a pre-arranged trading plan. It is neutral in sentiment.
Industry Context
Sales by company executives are a normal part of corporate governance. The use of a 10b5-1 trading plan allows insiders to sell shares over a period of time without being accused of trading on inside information.
Stakeholder Impact
- The sale of shares by a company executive could be perceived negatively by some shareholders, but the existence of a 10b5-1 trading plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 2023-11-30 | Date of adoption of the 10b5-1 trading plan. |
| 2024-05-20 | Date of the transaction (sale of shares). |
| 2024-05-22 | Date of signature of the Form 4 filing. |
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